Bank of America Seizes Pertamina Assets

Controversy continues to haunt Indonesia's private electricity projects. One dispute involves Pertamina, the State Electricity Corporation PLN and Karaha Bodas, the owner of private electricity projects in Tasikmalaya and Garut, both in West Java. In a recent development, the international court of arbitration in Geneva, Switzerland ruled in favor of Bodas regarding its dispute with Pertamina and PLN. Bodas also succeeded in convincing New Yo

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