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Yet Another Replacement

Tuesday, March 13, 2001

Within a period of 15 months, President Abdurrahman Wahid has twice changed PLN's president director. What can he do in the short-term to solve the huge problem that is PLN?

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First there was Adhi Satriya, then Kuntoro Mangkusubroto, now Eddie Widiono. Three president directors for a company that has a mountain of problems doesn't augur well for the future. Especially since state electricity firm PLN is technically bankrupt, considering its negative capital of Rp2.46 trillion. Its losses are astounding: Rp22.5 trillion. As a comparison, the profits reaped by 120 state-owned enterprises (who were able to turn a profi

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