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Jakarta Post

PLN allocates $7.6 billion for 2012 capital expenditures

  • The Jakarta Post

Jakarta   /   Wed, December 28 2011   /  11:03 am

In line with its commitment to further increase supply and improve its distribution system, state electricity company PT PLN will allocate up to Rp 69 trillion (US$7.6 billion) in capital expenditures (capex) in 2012, a 15 percent increase from Rp 60 trillion this year.

PLN president director Nur Pamudji said on Tuesday that about Rp 33.6 trillion of total capital spending would come from the company’s own budget, Rp 8.9 trillion from the state budget (APBN), Rp 9.8 trillion from subsidiary loans and the remaining Rp 16.7 trillion from bank loans.

“Next year’s capex will be higher than this year’s in order to be able to expand electricity services,” Nur said in Jakarta after the company’s general meeting of shareholders (RUPS) at the state-owned enterprises ministry.

He said that the Rp 33.6 trillion would be used to build power plants and to evaluate th...