PLN needs $6.15 billion to build infrastructure
Thursday, November 24 2005 - 12:58 AM WIB
Eddie Widiono, president director of state owned electricty company PT PLN, said the company needs US$6.15 billion for building electricity infrastructure in Indonesia till 2007, the Antara news agency and the Koran Tempo newspaper reported.
"The figure is not secured yet unless its financing is committed and it usually takes place a year after the PPAs (Power Purchase Aggreements) are signed," he said after speaking in a seminar themed "Turning Crises into Opportunities" here on Wednesday.
According to him, the company's projects were worth US$6.15 billion and they are being tendered to investors.
"The contractors will finance them," Eddie added.
He said that PT PLN has no funds to build power plants and power transmission lines, so the private sector needs to take part in building the infrastructure projects.(*)