A Troublesome Project
March 29, 2005
PAITON I could well be described as the most problematic electricity project in Indonesia's recent history. Paiton I, with a capacity of 2 x 615 megawatts, began operations on July 8, 2000, and was built by PT Paiton Energy. Many people questioned the size of the project. Paiton Energy budgeted US$2.5 billion to build it. However, Canadian consultancy Lavalin, which was hired by PLN to investigate the deal, said the project should only have cos
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