Indonesia Economy Forum

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Pekerja dibantu alat berat memindahkan gerbong KRL dari kapal di Pelabuhan Tanjung Priok, Jakarta, Rabu (6/1). (ANTARA FOTO/Hafidz Mubarak A)

Arus Petikemas Tanjung PerakSejumlah kapal kargo sedang lego jangkar di Selat Madura, Surabaya, Jawa Timur, Kamis (7/1). Menurut data PT Pelabuhan Indonesia (Pelindo) III Persero, arus peti kemas di Pelabuhan Tanjung Perak Surabaya selama tahun 2015 sebesar 3,12 juta Teus yang berarti meningkat 0,5 persen dari tahun 2014 yaitu sebanyak 3,10 juta Teus. ANTARA FOTO/Didik Suhartono/pd/16

 

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Indonesia May See Investment Boost From China's Carmakers: BKPM

Chief of Indonesia's Investment Coordinating Board, on Thursday voiced his optimism over Indonesia's ability to draw more foreign direct investments from China's automotive industry. Saic General Motor Wuling, a joint venture between General Motors China, Shanghai-based SAIC Motor and Liuzhou-based Liuzhou Wuling Motors, started construction of its Cikarang plant in August last year. Franky said the company has sunk $43.5 million out of its $397.4 million investment plan into the project.

Indonesia May See Investment Boost From China's Carmakers: BKPM | Jakarta Globe



Joining hands: Pakistan, Indonesia ink $400m rice export deal

In a bid to boost the rice industry, Pakistan has concluded an agreement with Indonesia for export of one million tons of rice valuing around $400 million over the next four years. The agreement for rice export will be executed by the Trading Corporation of Pakistan (TCP) and Bulog (state logistics agency) of Indonesia.

Joining hands: Pakistan, Indonesia ink $400m rice export deal - The Express Tribune



Mitsubishi Hitachi Power Systems and partners secure power plant contract in Indonesia

Mitsubishi Hitachi Power Systems (MHPS) along with Mitsubishi Wasa Mitra Engineering has secured an 880MW natural-gas-fired gas turbine combined cycle (GTCC) order from Indonesian state-owned electricity company PT. PLN (Persero). The "Jawa-2 Combined Cycle Power Plant Project" will include construction of GTCC power plant on the premises of Tanjung Priok Power Plant in central part of Jakarta. The operation at the new power plant is expected to begin in 2018.

Mitsubishi Hitachi Power Systems and partners secure power plant contract in Indonesia - Energy Business Review

 

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Among the gut issues that directly affect the ordinary people in many countries in the world is the peace and order situation, their freedom from criminality and terrorism, freedom from thieves, abductors and murderers.

 

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Pakualaman has new monarch. Prabu Suryodilogo Officially Inaugurated as Paku Alam X.

Law No.13/2012 on Yogyakarta’s special status stipulates that with the coronation, KGPAA Paku Alam X automatically becomes deputy Yogyakarta governor.

 

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Govt to boost growth of petrochemical industry
Jumat, 8 Januari 2016 05:38 WIB | 879 Views

Jakarta (ANTARA News) - The government plans to boost growth in the petrochemical, chemical, iron and steel industries as they offer enormous potential for developing the national economy, Chief Economic Minister, Darmin Nasution said.

"We will promote the three industries to become the prime industries, in addition to a number of other industries that also need to be boosted, including pharmaceutical industry," he said at a new year meeting with the chief editors on Thursday.

He said the development of the national industries in the past 10 to 15 years was not quite big and most of their production was for meeting domestic demand.

As a result, he said, when global economy weakened as is the case now, the volume and value of exports of industries dropped significantly.

"Exports from most of industries last year declined although some also recorded an increase," he said referring to industries, such as jewelry, footwear and chemical.

He said if a country wants to advance its industrial sector must develop well.

Prospects of the industrial sector will remain good, compared with the mining sector, he said.

He said unlike the mining industry that needs many highly-skilled workers, as well as workers with low skills, the industrial sector accommodates workers with any level of skill.

Compared with the agricultural sector, he said, the industrial sector is also still more beneficial, referring to the result of the 2013 Agriculture Census, which showed that five million farmers have moved to other sectors, such as industrial and service sectors in comparison with the result of the 2003 census.

Minister Darmin said government investment is needed especially in the petrochemical, chemical and iron and steel industries to boost the national economy.(*)

Govt to boost growth of petrochemical industry - ANTARA News

 

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Industri Tas Menghadapi MEASejumlah pekerja menyelesaikan pembubutan logam di industri logam Desa Kebasen, Tegal, Jawa Tengah, Jumat (8/1). Menurut para pengusaha logam di daerah tersebut belum siap untuk menghadapi Masyarakat Ekonomi ASEAN (MEA) karena produk, harga, kualitas dan mesin yang masih manual belum mampu bersaing dengan produk dari luar negeri yang harganya lebih murah dan menggunakan mesin serba modern. (ANTARA FOTO/Oky Lukmansyah)

Industri Logam Belum Siap Hadapi MEASeorang pekerja menyelesaikan pembubutan logam di industri logam Desa Kebasen, Tegal, Jawa Tengah, Jumat (8/1). Menurut para pengusaha logam di daerah tersebut belum siap untuk menghadapi Masyarakat Ekonomi ASEAN (MEA) karena produk, harga, kualitas dan mesin yang masih manual belum mampu bersaing dengan produk dari luar negeri yang harganya lebih murah dan menggunakan mesin serba modern. (ANTARA FOTO/Oky Lukmansyah)

Adhi Karya Seeks More Loans as LRT Cost Doubles to $2.4b


Jakarta. State construction firm Adhi Karya is seeking funding from local and international banks as it doubles investment for government-commissioned light rail transit in Jakarta, president director Kiswodarmawan said on Thursday.

The first phase of the LRT project will cost its consortium of developers Rp 34 trillion ($2.4 billion), up from the initial estimate of Rp 17 trillion, after the government expanded the mass transport project.

Under the expanded plan, Adhi and its partners would work on 84 kilometers of elevated track, connecting Cibubur, Cawang, Dukuh Atas and East Bekasi and doubling the distance of the initial plan.

"We plan to use loans from banks that will disburse it in stages," Kiswo said.

Kiswo declined to elaborate on the size and term of the loan, nor identify the lead banks. It was earlier reported that the company plans to have Bank Mandiri as a lead arranger to secure a Rp 8.8 trillion syndicated loan from China Development Bank.

Last year the company raised Rp 2.7 trillion from a rights issuance, some of which went to finding its own expansion.

Other state-owned companies like Jasa Marga, Perum PPD, Rajawali Nusantara Indonesia, Bulog, Jakarta Propertindo, have joined the LRT consortium to develop and operate commercial properties along the track.

State-lender Bank Negara Indonesia, Bank Mandiri and BTN have committed to financing the project.

Adhi Karya Seeks More Loans as LRT Cost Doubles to $2.4b | Jakarta Globe

 

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Public Works Ministry to Up Spending, Complete Trans Java Toll Road


Jakarta. The Public Works and Housing Ministry aims to accelerate spending this year, with the massive $5.5 billion Trans Java toll road completion to take priority, the minister has said.

Minister for Public Works and Housing Basuki Hadimuljono told the Jakarta Globe late on Thursday the ministry will accelerate spending, plans to spend about five to six percent of this year’s budget target in January alone.

The ministry is responsible for a slew of duties including the development and maintenance of dams, water supplies and drainage as well as waste management and the construction of roads to subsidized residential housing.

In the 2016 state-budget the ministry has been allocation of Rp 104.1 trillion ($7.4 billion) — lower than last year’s budget of Rp 118.57 trillion. Still, the allocation is the biggest among ministries, with the ministry of defence (Rp 99.5 trillion) and the National Police (Rp 73.0 trillion) trailing in second and third.

The government has trimmed spending from the public works and housing ministry as it seeks to ramp up transfers to local governments in an effort to improve development and outcomes in the archipelago's most remote regions.

The near-term priority for the ministry, Basuki said, is to accelerate infrastructure development with a particular focus on completing the massive Trans Java project by this year's Idul Fitri festivities, which marks the end of the Ramadan fasting month for Muslims.

“As Idul Fitri and mudik [returning to home villages and towns for celebrations] season approaching, we don’t want to repeat the failure of the New Year’s eve,” Basuki said after being interviewed by BeritaSatu TV.

Idul Fitri is expected to fall around July 4 to 5 this year.

Holiday traffic ahead of the Christmas and New Years holidays in December saw traffic chaos in Jakarta and connecting roads. The traffic mess led to to the resignation of Transport Ministry director general for land transportation Djoko Sasono.

“We should expedite [constructing] the Trans-Java toll road,” he said. The project is expected to cost $5.5 billion and connect western Java to the Eastern part of the island.

The project, initiated under Susilo Bambang Yudhoyono, remains incomplete with sections of the 1,000 kilometer toll road still disconnected.

Basuki expected four Java toll road projects to be completed by May — the 58 km Pejagan-Pemalang, 90 km Solo-Ngawi, 36 km Surabaya to Mojokerto and the 17.6 km Bawean-Salatiga toll roads.

Public Works Ministry to Up Spending, Complete Trans Java Toll Road | Jakarta Globe

 

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Hutama Karya seeks alternative
funding amid PMN delay
Farida Susanty, The Jakarta Post, Jakarta | Business | Fri, January 08 2016, 5:47 PM

State construction firm Hutama Karya aims to secure funding for its two sections of the trans-Sumatra highway despite the postponement of a state capital injection (PMN) for the firm.

Hutama Karya president director I Gusti Ngurah Putra said the company would look for another source of funding to proceed with development of the 2,700-kilometer mega-project this year. “We want to secure funding for the Bakauheni-Terbanggi Besar section by March at the latest, and for the Pekanbaru-Dumai section to be secured in the middle of the year,” Putra said.

According to the firm’s data, Bakauheni-Terbanggi Besar will need Rp 16.7 trillion (US$1.2 billion), while Pekanbaru-Dumai will require Rp 17.9 trillion.

The firm stated that it would try to secure funding from direct lending, project bonds and national syndication. “I think direct lending might be the most attractive, because [the tenor] could be 40 years with low interest, but the hedging part would be a hassle,” he said.

Putra also lauded the Finance Ministry’s move to issue Finance Ministry Regulation No. 253/2015 to guarantee Hutama Karya’s loan from financial institutions, in the event it failed to meet the payments.

He said the possibility of a default was especially high due to the low daily volume of traffic on the roads of Sumatra. “We need this kind of guarantee. Because this toll road is still not viable financially but urgently needed by the country,” he said.

So far the company has only secured funding for construction of the Medan-Binjai section and Palembang-Indralaya. The funding was partially supplied by a loan from state infrastructure financing firm PT Sarana Multi Infrastruktur (SMI) amounting to Rp 1.24 trillion in November last year.

However, the firm was also assigned an additional four sections through Presidential Regulation No. 117/2015, including Terbanggi Besar-Pematang Panggang and Kisaran-Tebing Tinggi.

The total investment needed for the development of the eight sections, spanning 644 kilometers, is estimated to reach Rp 82.9 trillion, according to Hutama Karya data.

The government is committed to helping fund the highway construction through its PMN, with the company granted a PMN of Rp 3 trillion this year, which was then postponed.

“We need [a PMN of] Rp 12.7 trillion this year. So if they really will discuss it in the 2016 revised state budget, we will need the additional Rp 9.75 trillion for 2016,” he said, referring to the Rp 3 trillion of PMN from the 2016 state budget allocated for the company this year.

The company received Rp 3.6 trillion in PMN from the 2015 state budget for the development of four sections of the toll road.

However, unexpectedly, the House of Representatives and the government decided to “freeze” the Rp 40.42 trillion PMN funds for the 2016 state budget until the two parties meet again to revise it this year.

Putra also mentioned the company’s target to develop at least 129 kilometers of toll roads this year.

So far, the land procurement amounts to around 77 percent for the Palembang-Indralaya section, while Pekanbaru-Dumai only amounts to 16.15 percent according to Hutama Karya director Bambang Pramusinto.

“But there were no moves toward land procurement for the new four sections in 2015,” Bambang said.

The company will also have to finish construction of the road connecting Bakauheni and Palembang by 2018, as the road will be crucial for Palembang to co-host the Asian Games that year.

- See more at: Hutama Karya seeks alternative funding amid PMN delay | The Jakarta Post

 

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Summarecon Sets Aside $194m Capex for Property Projects

Jakarta. Property developer Summarecon Agung has sets aside a Rp 2.7 trillion ($194 million) capital expenditure this year to continue its property projects, president director Adrianto Adhi said on Thursday.

The company plans to use internal funds, loans or proceeds from selling real estate investment trusts (REIT) Adrianto said.

Summarecon is now sitting on at least Rp 1.05 trillion in capital after last month securing a Rp 550 billion loan from Bank Central Asia, Indonesia's third largest lender, and issuing Rp 500 billion worth of bonds in November.

Summarecon Agung is also mulling a plan to sell $200 REITs as an alternative to the failed initial public offering of the company's subsidiary Summarecon Investment Property (SIP), Adrianto said.

Adrianto did not elaborate on projects the company wishes to pursue this year.

Summarecon Sets Aside $194m Capex for Property Projects | Jakarta Globe

Indonesian Stocks Up Slightly on China Developments

Jakarta. Indonesia’s benchmark stock index ended the first trading week of 2016 slightly higher after the central bank announced stronger reserves figure, which analysts say should provide enough of a buffer to contain currency volatility amid increasing risks from the yuan devaluation.

The Jakarta Composite Index closed up 0.35 percent to 4,546.29 on Friday. Some 3.12 billion shares worth a combined Rp 5.18 trillion ($372 million) were traded on the Indonesia Stock Exchange (IDX) on the day. Foreign investors, who accounted for half of trading activity, sold Rp 696.2 billion worth of shares more than they bought.

“Global and regional stock market conditions will contribute to the market sentiment this weekend,” said David Nathanael Sutyanto, an analyst at First Asia Capital. “The weakening yuan will negatively affect the rupiah.”

On the IDX, the sub-index tracking 38 stocks in the consumer goods industry led the day’s gain with a 1.09 percent increase. Stocks in the miscellaneous industries, including textiles and automotive, followed with a 0.95 percent gain.

Guntur Tri Hariyanto, an analyst at ratings agency Pefindo, attributed much of the positive sentiment to a move by Chinese authorities on Thursday to disable a “circuit breaker” that automatically disabled trading after a significant decline earlier in the day.

“The People’s Bank of China also raised its rate for the yuan after allowing the currency to fall deeper than its fall last August. This hints that the yuan will be traded at a stronger rate,” Guntur said.

Indonesian stocks were also buoyed by improved data on the country’s foreign exchange reserves, he added.

Reserves as of December were at $105.93 billion, up from $100.24 billion in November, according to Bank Indonesia.

The rupiah also strengthened to 13,874 to the US dollar from 13,946 on Thursday.

Indonesian Stocks Up Slightly on China Developments | Jakarta Globe

 

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Indonesia hopes ranking in doing business to be double digit
Jumat, 8 Januari 2016 23:17 WIB | 377 Views

Jakarta (ANTARA News) - Indonesia hopes its "Ease of Doing Business" ranking would be in the double digits in 2016.

"The countrys target is to ensure that its Ease of Doing Business ranking in 2016 is in double digits, as it will significantly impact the investment climate in Indonesia," head of Investment Coordinating Agency (BKPM), Franky Sibarani, said at a press conference on "Investment Projection in 2016" here on Friday.

The World Bank, in a report released in October 2015, had increased Indonesias ranking to 109 from 120 out of 189 countries surveyed by the bank.

Indonesias position rose by 11 ranks based on a survey conducted by the World Bank from June 2, 2014 to June 1, 2015 at two locations, namely, Jakarta and Surabaya (the capital of East Java).

He said creating an alluring investment climate was indeed one of the steps for which the BKPM made efforts to achieve the investment target of Rp594.8 trillion in 2016.

He said the BKPM is currently finalizing an Investment Manual which will be a legal reference to assure investors of business certainty in Indonesia. This manual is to be issued in the month of April this year.

"We hope that by the end of March or early April, it would have been finalized," he said.

Franky said he would give notes to 18 ministries and two regional governments with regard to improving the Ease of Doing Business in the country.

"Next week or, at the latest, by the end of this month, we will coordinate to improve our Ease of Doing Business ranking. We have 19 notes to be given to 18 ministries and two regional governments," he said.(*)


Indonesia hopes ranking in doing business to be double digit - ANTARA News

 

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you know what, it's not everyday you can see a Director of Indonesian state institution such as Bank Indonesia had a style

Business

Indonesia surpasses Malaysia
in 2015 reserves
Ayomi Amindoni, thejakartapost.com | Business | Fri, January 08 2016, 2:58 PM

Bust a move: Bank Indonesia (BI) governor Agus Martowardojo dons a hip-hop outfit during an event in Jakarta on Aug. 7, before returning to his conservative look. It represents BI's effort to encourage exporters to shift their forex earnings from offshore banks to local banks. In 2015, the rupiah depreciated by 11 percent, while the ringgit suffered an 18 percent drop and led to lower forex reserves. (Courtesy of Agus Martowardojo)

Indonesia’s foreign-exchange (forex) reserves registered a US$5 billion year-on-year decline in December to US$105.9 billion, but recorded an increase of the same amount on a monthly basis compared to November 2015--which stood at $100.2 billion.

It is four-times less than a similar decrease in neighboring Malaysia. Bank Negara announced a US$20 billion year-on-year drop in its forex reserves to $95.3 billion in December.

According to Bank Indonesia (BI) governor Agus Martowardojo, forex reserves shrunk to $105.9 billion after the central bank used some of the funds to intervene in the currency market in an effort to prop up the ailing rupiah. The government also disbursed some of the funds to pay external debts.

"We are grateful that our foreign exchange reserves are now $105 billion, compared to $111 billion last year. It is an ample amount to finance external debt or obligation payments and to pay for imports," he told reporters in Jakarta on Friday.

The rupiah's stability, Agus added, had become a central bank priority and would be maintained in 2016. "We feel that foreign reserves are another instrument that we must manage, in addition to exchange rates and interest rates," he said.

During 2015, the rupiah depreciated 11 percent or Rp 1,360 to Rp 13,800 per US dollar. The drop was lighter than that of the Malaysian ringgit. As reported by The Star online, the ringgit weakened 18 percent against the US dollar in the same period.

Agus added that the reserves were enough to provide resistance against external factors and maintain the sustainability of economic growth in 2016.

"We will support the government’s efforts to achieve 5.2 to 5.6 percent in growth. We also welcome the World Bank's projection that the Indonesian economy will grow 5.3 percent, as in line with the government’s target in the state budget," he said. (ags)(+)

- See more at: Indonesia surpasses Malaysia in 2015 reserves | The Jakarta Post

 

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you know what, it's not everyday you can see a Director of Indonesian state institution such as Bank Indonesia had a style

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Business

Semen Indonesia to maintain
focus on domestic market
Indra Harsaputra, The Jakarta Post, Surabaya | Business | Fri, January 08 2016, 5:22 PM


Publicly listed state-owned cement producer PT Semen Indonesia will maintain its focus on the domestic market this year despite experiencing sluggish local cement sales in 2015.

Semen Indonesia president director Suparni admitted that the domestic cement market had stayed cool throughout last year, leading to a minor drop in the firm’s sales.

“However, we will keep working in the domestic market,” Suparni said, adding that several government infrastructure construction projects begun last year offered hope that cement demand would increase over the course of the coming year.

The Public Works and Public Housing Ministry conducted early bidding — as early as August last year — on project tenders to speed up spending and infrastructure development. Following the bidding, the ministry on Wednesday signed agreements on 644 infrastructure project packages worth Rp 8.81 trillion (US$632.4 million), with projects worth a further Rp 9.47 trillion to be signed by the end of this month.

Suparni expressed hope that his firm could boost sales by 5 percent to 6 percent this year.

“We pushed exports to ASEAN countries and even Bangladesh last year to a figure that reached 500,000 tons as domestic purchasing power began plummeting in February,” he said.

Data from the Indonesian Cement Association (ASI) show that national cement consumption grew 4.7 percent year-on-year (yoy) in November last year to 6.1 million tons, bringing total cement consumption from January to November to 54.9 million tons, a 0.8 percent increase from the corresponding period in 2014.

The data will shore up optimism in an industry that contracted in 2015, as Indonesia’s economy grows at its slowest pace in nearly six years.

Cement has long been regarded as a key indicator of domestic consumption, which drives more than half of Southeast Asia’s largest economy.

Semen Indonesia corporate secretary Agung Wiharto said earlier that his company was banking on the Public Works and Public Housing Ministry’s move to conduct early bidding on project tenders to speed up spending and infrastructure development.

“These projects will also boost cement consumption,” Agung said.

The ministry started bidding as early as August last year in order to expedite spending that only started around June last year so that by January 6 to 10 percent of its budget would be disbursed.

According to Semen Indonesia’s sales data, the nation’s largest cement producer saw its sales fall by 0.3 percent yoy to 23.99 million tons from January to November last year. Meanwhile, sales in November were booked at 2.64 million tons or 3.8 percent down month-on-month from 2.75 million tons in October, which saw a 10.3 percent jump in sales compared with September.

Semen Indonesia marketing director Amat Pria Darma meanwhile said that the company’s national market share counted for between 44 percent and 17 percent in terms of the export market.

“We will not leave the existing export market share, we will just switch production allocation,” he said, citing as an example subsidiary Semen Tonasa, which would keep fulfilling export demands, while domestic demand would be fulfilled with imports from Semen Thanglong, Semen Indonesia’s Vietnam-based subsidiary.

- See more at: Semen Indonesia to maintain focus on domestic market | The Jakarta Post

Local heritage
The Jakarta Post | Business | Thu, January 07 2016, 5:35 PM

A craftsman makes a gong at a gamelan production center in Wirun village, Sukoharjo, Central Java, recently. Wirun-produced gamelan sets fulfill demand in local markets as well as export markets in the US, Suriname, Malaysia and Japan. The traditional musical instruments are sold for between Rp 400 million (US$28,704) to Rp 800 million per set, each of which comprises 26 instruments.(JP/Ganug Nugroho Adi)
- See more at: Local heritage | The Jakarta Post

 

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Ministry to form holding company for state mining firms
Jumat, 8 Januari 2016 23:22 WIB | 514 Views

Jakarta (ANTARA News) - Indonesias State-owned Enterprises (BUMN) Ministry will establish a holding company for four state-owned mining firms, namely, PT Aneka Tambang, PT Bukit Asam, PT Timah and PT Indonesia Asahan Aluminium, this year.

"The holding company will be established to consolidate downstream mining business so that state-owned mining companies can be strong and can become global players," Minister of State-owned Enterprises, Rini Soemarno, said at her office here on Friday.

The minister said the holding company should be established before the end of 2016.

She said mining companies should develop synergy in order to become global players. They should no longer serve as just suppliers of raw material but must export finished goods to the world market.

She cited the example of PT Indonesia Asahan Aluminium (Inalum), which needed raw material in the form of grade alumina (GA), while PT Aneka Tambang (Antam) has bauxite as raw material for the production of aluminium.

"This is one of the things that could be done if companies have synergy , and it would lend a competitive edge to Antam and Inalum, making them stronger," she said.(*)

Ministry to form holding company for state mining firms - ANTARA News

 

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Bukit Asam to Build $840 Million Power Plant
State-owned coal miner Tambang Batubara Bukit Asam plans to construct a 600 megawatts power plant to supply state enterprise Aneka Tambang's ferronickel smelter in East Halmahera. Bukit Asam and Antam are currently completing a feasibility study for the plan and expect to begin operations in 2018 with 80 MW capacity, before rising to its final capacity in the following years. The power plant has an expected investment $720 million and $840 million.

Bukit Asam to Build $840 Million Power Plant | Jakarta Globe



Controversial Tax Amnesty to Become Law Next Month, Minister Declares
Indonesia’s chief economics minister says a controversial bill affording amnesty to tax dodgers could be passed as soon as next month, as part of a government plan to boost revenue collection. The bill is aimed at encouraging taxpayers who fail to declare their wealth or keep it overseas to come clean and pay a lower rate than they would normally have been subjected to. The scheme is expected to benefit the country’s wealthiest individuals and companies, many of whom earn their money in Indonesia but keep it abroad, in particular in Singapore. That has allowed them to avoid tax rates of as high as 30 percent for individuals and 25 percent for companies. Under the tax amnesty bill, they could enjoy rates of as low as 5 percent.

Controversial Tax Amnesty to Become Law Next Month, Minister Declares | Jakarta Globe



PLN, PGE Solve Geothermal Quarrel After Govt. Intervention
State-owned electricity monopoly Perusahaan Listrik Negara and Pertamina Geothermal Energy on Friday reached an agreement in renewing their power purchase deal for electricity from PGE’s Kamojang and Lahendong plants. The deal comes after State-Owned Enterprises Minister Rini Soemarno's intervened — preventing the country losing steam as it pushes towards harnessing geothermal energy. PLN has agreed to purchase steam for its Kamojang 1, 2 and 3 plants in West Java, at 6 cents per kilowatt hour and at 9.4 cents for the Kamojang 4 plant. The utility firm will buy at 6 cents per kWh for Lahendong in North Sulawesi.

PLN, PGE Solve Geothermal Quarrel After Govt. Intervention | Jakarta Globe
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