Glitch-Prone Bonds?

PLN's bond issue to finance construction of the Muara Tawar gas-powered electricity generating plant has failed.

July 29, 2003

IT seems as if rolling blackouts are no longer an idle threat for the Java-Bali electricity grid. Thousands of consum-
ers in the Jakarta-Bogor-Tangerang-Bekasi (Jabotabek) area have in fact already experienced rolling blackouts during the last few months. One can almost say with some certainty that there's always a blackout somewhere, especially in the outlying areas of Jabotabek. And this is something that has never been experienced bef

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