Held Hostage in Rokan
PLN acquired electricity generators owned by Chevron in Riau. It is a wasteful investment resulting from mixing management of the economy with political interests.
THE story of the Rokan Block is full of irony. The giant oil field in Riau that was once the largest oil-producing region in Indonesia has now become a significant financial burden for the state. The Rokan story is a reflection of the huge size of the losses incurred by Indonesia when the government ignored smart and transparent business calculations when it is managing economic resources.
On Tuesday, July 6, Indonesian state electricity co...