PLN?s 2004 sales to reach Rp54 trillion
Saturday, December 27 2003 - 02:15 AM WIB
PLN?s director of transmission and distribution Herman Darnel Ibrahim said on Friday that PLN will produce 100 billion kWh electricity next year.
With an assumption that there will not be any increase in power tariffs next year, the electricity average price will be Rp600 per kWh.
?We are estimating the revenue will reach Rp54 trillion excluding the revenue from electricity connections and load fees,? Herman said.
PLN will get every year around Rp1 trillion to Rp2 trillion or around 2 percent of the total revenue from the load fees and electricity connections.
According to its 2002 financial statement, PLN?s revenue was Rp44 trillion (electricity sales Rp39 trillion) and its production costs were Rp52 trillion. PLN expects it will earn Rp58.68 trillion (electricity sales Rp52 trillion and the production costs will be around Rp65.31 trillion.
Herman said PLN will invest Rp5.9 trillion in 2004 to reduce the power supply shortage crisis.
From the Rp5.9 trillion, PLN will allocate Rp2.8 trillion for development of transmission facilities and network and Rp3.1 trillion for improvement in distribution.
The target of the investment will be to add around 1.5 million new power consumers so that the company will get additional income of Rp2.5 trillion. Further, this will ease the burden on the company?s financial position.
PLN plans to complete the transmission line in the southern sector of Java island to safeguard the power supply to Java and Bali islands. It also received a loan of Rp2 trillion for this project.
Demand for electricity now grows at 7 percent annually, higher than the nation's gross domestic product (GDP) growth of about 4 percent.
Total installed capacity is around 21,000 megawatts (MW) with some 18,600 MW located in Java and Bali islands. State power firm PT PLN can only supply between 13,305 to 15,254 MW of the total capacity after its own use and maintenance, while the peak load could reach between 12,000 MW to 13,250 MW.
This leaves PLN with minimum operating reserves of 143 MW. Ideally, it should have minimum reserves of one big power plant with a capacity of about 600 MW. (*)