Loss Opportunities in Energy Investment
Monday, July 24, 2023
The BPK is investigating a number of corporate actions by Perusahaan Gas Negara (PGN), claimed to have led to losses of Rp5.2 trillion. The law enforcement authorities need to intervene.
CAPRICIOUS management of state-owned enterprises is a problem across the Indonesian energy sector. Without comprehensive improvements, the state could lose the opportunity to reap the maximum benefits from “the soil and water, and the resources contained within them,” as stated in the Indonesian constitution. A number of investments made by Perusahaan Gas Negara (PGN) that led to losses, and are now being investigated by the Supreme A
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