Frightening Precedent, Potential Suicide
OPIC and PLN have now agreed to settle their long-running dispute by using the Paris Club scheme. And then of course there’s the little matter of compensation for OPIC, to the tune of apparently almost a quarter of a billion US dollars. This is a very frightening precedent.
January 8, 2001
Once upon a time there were these New Order businessmen (or, in other words: former president Suharto, his children and his cronies) and they planned a total of 27 private sector electricity projects. But now it is the Indonesian State Electricity Company (PLN) that has had to put its hands deep into its pockets to pay for the resultant losses. This state-owned enterprise (BUMN), which had never previously been involved—by Suharto—in
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