Of Hostages and Temper Tantrums

Pertamina Geothermal and PLN agree to revise geothermal electricity price in seven projects, pending BPKP's decision.

May 6, 2014

Executives at state electricity company Perusahaan Listrik Negara (PLN) are busy preparing documents on eight geothermal development projects. The documents are to be submitted to the Development Finance Controller (BPKP) for approval this week. Without a proper nod from the agency, PLN will not be able to execute the projects.

It will not be an easy task for the BPKP. It has to ensure on paper that each of the projects will not yield losses for

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