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Indonesia’s Wijaya Karya, Furukawa Gets Turnkey Projects US$100M from PLN

JAKARTA (TheInsiderStories) - PT Wijaya Karya Tbk (IDX: WIKA), a state-owned construction firm, in consortium with Japan' Furukawa Electric Co., Ltd., has been awarded...

Indonesian Govt Appoints Zulkifli Zaini to Lead PLN

JAKARTA (TheInsiderStories) - The government picked Zulkifli Zaini as the new CEO of state-owned power producer, PT Perusahaan Listrik Negara (PLN) at the today'...

Moody’s assigns Baa2 rating to PLN’s MTN drawdown

JAKARTA (TheInsiderStories) - Moody's Investors Service ("Moody's") has assigned a Baa2 rating to the proposed senior unsecured notes to be issued by PT Perusahaan Listrik Negara (PLN, Baa2...

JICA Gives Loan US$225M for PLN’s Hululais Project

JAKARTA (TheInsiderStories) - Japan International Cooperation Agency (JICA) give fresh loans US$225 million for a geothermal power plant projects, Hululais, local media reported yesterday (10/15). Early...

ADB Prepares US$3B to Support Indonesia’s Power Projects Until 2021

JAKARTA (TheInsiderStories) — Asian Development Bank (ADB), is planning to provide about US$3 billion funds between 2019 and 2021 to help the government' power sector, mainly...

Businessmen Urges Resignation of Two Ministers, Director of PLN

JAKARTA (TheInsiderStories) - Indonesian Young Entrepreneurs Association urged two ministers and chief executive state-owned power producer, PT Perusahaan Listik Negara (PLN) to resign followed the...

Indonesia Targets 12 Waste-based Power Plants Operates in 2022

JAKARTA (TheInsiderStories) - Indonesian government targeting to operate 12 waste-based power plants by 2022 and its expecting produce up to 234 megawatts (MW) of...

Indonesia’s PLN Releases Global Bonds US$1.4B

JAKARTA (TheInsiderStories) -  Indonesia’ state-owned power producer, PT Perusahaan Listrik Negara (PLN) announced that it had issued global bonds worth US$1.4 billion on July...

Indonesian Govt Appoints New Acting CEO of PLN

JAKARTA (TheInsiderStories) - State Own Enterprises (SOEs) ministry appointed Djoko Raharjo Abumanan as an acting chief executive (CEO) of PT Perusahaan Listrik Negara (PLN) and Director...

Former Indonesia PLN’s CEO Sofyan Basir Being Arrested

JAKARTA (TheInsiderStories) — Good morning! Anti-graft commission arrested non-active CEO of state-owned power producer PT Perusahaan Listrik Negara (PLN) Sofyan Basir, on Monday (05/27),...

Indonesia’s PLN Targets Six Power Plants Operates in 2019

JAKARTA (TheInsiderStories) – Indonesian power producer, PT Perusahaan Listrik Negara (PLN) targeting to operate six power plants in this year. The plants will have...

Indonesia’s PLN Prepares US$6B for Investment in 2019

JAKARTA (TheInsiderStories) - Indonesia' power producer, PT Perusahaan Listrik Negara (PLN) plans to set aside Rp90 trillion (US$6.26 billion) for investment in 2019, with...

Indonesia to Establish ASEAN’s Biggest Integrated Power Plant

JAKARTA (TheInsiderStories) — The Indonesian government initiated the development of a Gas and Steam Power Plant Jawa-1, in Cilamaya, Karawang, West Java province today...

Kotjo Sentenced Over than 2 Years Prison over Indonesia’s Riau-1 Corruption

JAKARTA (TheInsiderStories) — Blackgold Natural Resources Ltd., Johannes Kotjo was found guilty in the Riau-1 Power Plant bribery case, involving several government and state-owned...

Proven Bribery in Riau-1 Project, Kotjo Sued Four Years in Prison

JAKARTA (TheInsiderStories) — Proven Bribery Rp4.7 Billion (US$319,727.89) in PT Perusahaan Listrik Negara' (PLN) Riau-1 steam power plant, Johannes Kotjo sued four years in prison and Rp250...

Setya Novanto Earns US$6M from Indonesia’s Riau-1 Project

JAKARTA (TheInsiderStories) —Setya Novanto, ex-House of Representatives Chairman, who’s now in prison for electronic ID case, is reported also received dirty money from Riau-1 steam...

Indonesia will Introduces Domestic Obligation for Gas

JAKARTA (TheInsiderStories) - After introducing its Domestic Market Obligation policy for coal on March 12, 2018, Indonesia government is going forward with its plan to introduce...

PLN’s CEO Allegedly Request Fees for Riau-1 Power Plant Project

JAKARTA (TheInsiderStories) - Chief executive of PT Perusahaan Listrik Negara (PLN) Sofyan Basir was mentioned in the trial of alleged bribery of the Riau-1 coal-based power...

Indonesia Revises Electricity Project Delayed from 15.2GW to 4.6GW

JAKARTA (TheInsiderStories) - Indonesian government revised the construction of power plant project delayed from 15.2 giga-watts (GW) to 4.6 GW, said one official government on...

Indonesian Govt will Inject Capital Over US$1B to PLN, Hutama Karya

JAKARTA (TheInsiderStories) - Indonesia' parliament approved the government planned to inject capital for state-owned power producer PT Perusahaan Listrik Negara (PLN) and toll operator...

Former Indonesian Social Minister Detained by Corruption Eradication Commision

JAKARTA (TheInsiderStories) - Former Social Minister Idrus Marham has been detained for the next 20 days by Indonesia' Corruption Eradication Commission in connection with bribery...

UK’s Andalas Energy Completes Placing for Funding Sumatra-1 project

 JAKARTA (TheInsiderStories) - United Kingdom's Andalas Energy and Power plc (AIM:ADL) said it has finalized the placing of the company’s shares to the new and existing...