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Jakarta Post

PLN relies on debt for 35 GW program

  • Viriya P. Singgih

    The Jakarta Post

Jakarta   /   Tue, October 3 2017   /  12:26 am

State electricity firm PLN has stated that it still needs additional financing worth Rp 468 trillion (US$34.5 billion) to develop various infrastructure for the government’s flagship 35,000 megawatt (MW) program. This statement comes about amid rising concern over the company’s debt.The current administration wants to generate 35,000 MW from power plants and build 46,760 kilometers worth of transmission circuits and 1,375 substation units equivalent to 108,789 mega volt amperes (MVA) by 2019 with a combined investment value of Rp 1.2 quadrillion.It is estimated that PLN must disburse Rp 585 trillion for the development of this infrastructure, Rp 200 trillion of which will be allocated for power plants with a total capacity of 10,000 MW and the rest for transmission circuits and substation units.However, as of August, PLN has only been able to seal financing commitments worth Rp 117 t...