All Power to the Golden Child

THE STATE-OWNeD electricity company (PLN) is very much like a spoilt child, as it has received a great deal of "help." Debts of Rp27 trillion have been transferred to the government and tariff increases are guaranteed until 2005. But PLN is not a sweet child. During the last five years, it has been unable to make a profit. Nor has it performed well in reducing inefficiencies and its level is far higher than the ideal lev

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