Struggling to Survive - Opinion - magz.tempo.co

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Struggling to Survive

Monday, August 3, 2020

The financial situation of PLN continues to worsen. This is due to complications as a result of a bad national electricity policy.

Struggling to Survive. tempo : 173223067933.

THE Covid-19 pandemic and the fall in rupiah’s exchange rate cannot be turned into a scapegoat for the worsening financial situation of state electricity company PLN. The losses it is suffering are clearly a result of a poor business practice over the last few decades, namely the electricity purchase agreements with take-or-pay clauses: whether it needs it or not, PLN is obliged to buy electricity from private producers. This practice

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