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PLN planning 'NewCo' coal power holding company
The unions cited their concerns over privatization and potential price hikes as part of their objections to the alleged plan, which they learned from a letter requesting information on 11 power plants.
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Chimneys of a coal-fired power plant at the Paiton power complex rise over the Java Sea in Probolinggo, East Java, in this undated handout photograph. (PLN/PLN)
S
tate-owned electricity monopolist PLN plans to set up a holding company for coal-fired power plants (PLTU), reportedly dubbed NewCo.
Three PLN unions stated on Tuesday that they learned about the plan in a letter dated May 4, a photograph of which they showed to reporters.
The letter requests permits, certificates and data in relation to the operations, build and maintenance of 11 coal power plants for a “Study on Monetizing PLTU Assets (NewCo)”, and explains that the information would be used in PLN’s plan to transfer its PLTU assets to the new company.
“This discussion has been going on for about two months, and in a great hurry. Most recently, it was just discussed at the [PLN] head office,” PLN Labor Union (SP PLN) secretary-general Bintoro Suryo Sudibyo said on Tuesday.
The coal power plants are all located on the islands of Java and Bali. They comprise nine PLTUs under PLN’s direct ownership, one plant that belongs to subsidiary PT Indonesia Power and one plant belonging to PT PLN Jawa Bali (PJB), another subsidiary.
The list includes the gigantic Suralaya and Paiton power plants, which are among the biggest in Southeast Asia.
