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Indonesia’s PLN Gets Syndicated Loan US$1B from Eight Banks

JAKARTA (TheInsiderStories) - Indonesian power producer, PT Perusahaan Listrik Negara (PLN) received syndicated loan of US$1 billion from eight foreign banks, said the management...

Moody’s Revises Outlook on Cikarang Listrindo to Positive

JAKARTA (TheInsiderStories)  - Moody's Investors Service has revised the outlook on PT Cikarang Listrindo Tbk (IDX: POWR) ratings to positive from stable. In addition, Moody's has affirmed the company'...

Singapore Power to Build 500 EV Charging Stations in Indonesia

JAKARTA (TheInsiderStories) - Singapore Power will involve in developing of the infrastructure of electric vehicle (EV) in Indonesia, said coordinating minister for economic affairs, Airlangga Hartarto,...

Develope Charging Station, PLN Invites GoJek, Grab, Bluebird

JAKARTA (TheInsiderStories) - Indonesia’ state-owned, PT Perusahaan Listrik Negara (PLN) and two digital player Grab and GoJek, have signed a memorandum of understanding (MoU) to build...

Turkey’s Karpowership Signs LNG Project with SENELEC

JAKARTA (TheInsiderStories) - Turkey' floating power supply company, Karpowership extends its West African reach by signing a 120 megawatts (MW) LNG to power contract with Senegal’ National...

Indonesia’s Pertamina, PLN Creates Power Business Unit

JAKARTA (TheInsiderStories) - State-owned companies, PT Pertamina and PT Perusahaan Listrik Negara (PLN) agreed to form a joint venture in the electricity business based on gas,...

Indonesia Proposes New Loans US$500M to AIIB

JAKARTA (TheInsiderStories) - Indonesia has submitted a new loan to Asian Infrastructure Investment Bank (AIIB) with worth US$500 million, said the official on Thursday (08/29)....

Telkom Indonesia Eyes Various Companies to Strengthening the Business

JAKARTA (TheInsiderStories) – Indonesian telecommunication provider, PT Telkom Indonesia Tbk (IDX: TLKM) admitted has joined other cellular provider PT Indosat Ooredoo Tbk (IDX: ISAT)...

Indonesia’s PLN Needs US$1B to Complete Eight Geothermal Projects

JAKARTA (TheInsiderStories) - State-owned power producer, PT Perusahaan Listrik Negara (PLN) needs an investment around US$1 billion to complete eight geothermal projects during 2023 -...

Moody’s Assigns Baa2 rating to PLN’s MTN Drawdown

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

S&P Takes Rating Actions On Nine Indonesian Companies

JAKARTA (TheInsiderStories) - Along with the increase in Indonesia's long-term debt rating, Standard and Poor's (S&P) Global Ratings took rating actions on nine companies...

Greenpeace: Indonesia’s Coal Power Emission Norms Rated Weak

JAKARTA (TheInsiderStories) - Indonesia's thermal emission quality regulation has been revised by the Ministry of Environment and Forestry in April, but environmental organizations consider...

Insight: Weak Performance of Sumarno’s State Enterprises Lead

JAKARTA (TheInsiderStories) - In the midst of slowing down the global and national economy, State-owned Enterprises (SOEs) are actually the saviors of the government...

Muhammad Ali Fill the Empty Perusahaan Listrik Negara’ CEO Chair

JAKARTA (TheInsiderStories) — Following the suspect label on the PT Perusahaan Listrik Negara CEO Sofyan Basir, State-Owned Enterprises Ministry Rini Soemarno appointed the Human Capital Director...

Indonesia’s Geo Dipa Energi Invests US$300M to Build Geothermal Power Plants

JAKARTA (TheInsiderStories) – Indonesia's geothermal power producer PT Geo Dipa Energi resumed the construction of 2 units of geothermal power plants with an investment...

Indonesia’s PLN Chief Named Suspects in Riau-1 Power Project

JAKARTA (TheInsiderStories) - The chief executive of Indonesian state electricity producer Perusahaan Listrik Negara (PLN) has been named a suspect in a graft case related...

Indonesia’s President Cancels Plan to Revoke DMO Policy for Coals

JAKARTA (TheInsiderStories)--Indonesia's President Joko Widodo canceled a plan to revoke domestic market obligation (DMO) policy for coals, said one senior official on Tuesday (31/07). DMO is a...

Singapore’s Blackgold Involved Graft Scandal in Indonesia

JAKARTA (TheInsiderStories) - One of Singapore's coal producer Blackgold Natural Resources Limited's (SSX: 41H) shareholders have accused by Indonesia's anti-graft body on bribery initiative to...

Indonesia’s PLN Sees Higher Production Cost on Weak Rupiah

JAKARTA (TheInsiderStories)— Production expenses at Indonesia’s state-owned power company PT Perusahaan Listrik Negara (PLN) rose by Rp10 trillion in the first six months of this...

Indonesia’s PLN Appeals Gas Price for DMO US$6.5

JAKARTA (TheInsiderStories) - Indonesia's power producer PT Perusahaan Listrik Negara (PLN) appealed to the government gas prices for Domestic Market Obligation (DMO) can be...

Indonesia PLN’s Natural Gas-fired Power Plant Operates

JAKARTA (TheInsiderStories) - Japan's Mitsubishi Hitachi Power Systems, Ltd. (MHPS) has completed the construction the first unit of natural gas-fired power generation facility of...

Indonesia’s PLN Issues US$5B Mid-Term Bonds

JAKARTA (TheInsiderStories)—Indonesia's state-owned power company PT Perusahaan Listrik Negara (Persero) issued mid-term bonds worth US$5 billion. Linklaters acts as international counsel for PLN on its...

Indonesia PLN Extends the Expiration of Cash Tender Offers

JAKARTA (TheInsiderStories) - Indonesian power producer, PT Perusahaan Listrik Negara (PLN) announced is extending the expiration of the previously tender offers to purchase for cash any...

Indonesia’s PLN Plans to Buyback US$2.5B Notes

JAKARTA (TheInsiderStories) - PT Perusahaan Listrik Negara (PLN) announced today that it has commenced tender offers to purchase for cash any and all of the...

Indonesia’s PLN Needs to Boost Investor Confidence for its $5B GMTN...

JAKARTA (TheInsiderStories)— Indonesia's state-utility company PT Perusahaan Listrik Negara (PLN) need to reduce its dependency on coal as energy source, apart from strengthening its...

Dharma Djojonegoro: Challenging Year for Power Producers in Indonesia

JAKARTA (TheInsiderStories)—Power producers in Indonesia is facing  obstacles in developing power plants. The Independent Power Producers Association of Indonesia (APLSI) and PricewaterHouse Cooper said...

Policy Review: Correcting Electricity Investment Policy

JAKARTA (TheInsiderStories) - Indonesia continues to offer a major investment opportunity for domestic and global power companies and investors. Amongst Indonesian infrastructure opportunities, power arguably...

PLN Seeks Funds US$4 B, Looking Coal Mines

JAKARTA (TheInsiderStories) – PT Perusahaan Listrik Negara (PLN) is planning to raise up to Rp 60 trillion (US$4.38 billion) this year through bank loans...

Policy Review: Slow Progress of 35 GW Power Plant Program

JAKARTA (TheInsiderStories) – In May 2015, the Joko Widodo government unveiled an ambitious program to develop 35,000 MW installed capacity of power plants in...

Policy Review: Electricity Tariff Creates Double Edges Sword

JAKARTA (TheInsiderStories) - Indonesia plans to keep electricity tariffs and fuel prices unchanged this year and the next by hiking subsidies, in a move aimed...