Mounting PLN Debt
Tuesday, February 13, 2001
On January 31, 2001, the Supreme Court, in a landmark decision, ordered state electricity firm PLN to pay Rp46.6 billion in damages for an unpaid debt to PT Enico National Development. Unfortunately for PLN, that debt is only one of many that are outstanding.
arsip tempo : 173165966446.
The burden on Kuntoro Mangkusubroto, former minister of mines and energy and current president director of PLN, is immeasurable. He has been handed the responsibility of clearing up PLN's outstanding debts, accumulated primarily as a result of the over-granting of joint venture tenders to the power company during the Suharto era. Furthermore, Kuntoro's inability to solve PLN's immediate debt problems has resulted in further burdens being placed on t
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