Here Are Erick Thohir's Strategy to Overhaul PLN's Business


The Indonesian government will overhaul the business structure of PT Perusahaan Listrik Negara (PLN). Minister of State-Owned Enterprises (SOEs) Erick Thohir said he would divide PLN into holding and two sub-holdings after seeing that it required a thorough overhaul. "PLN's performance will continue to meet obstacles if there is no structural overhaul," Erick said on Wednesday.

According to him, PLN currently has mounting debts of around Rp 500 trillion. PLN must also continue to increase investment to develop new and renewable energy in line with Indonesia's commitment to achieving net-zero emissions. "There must be debt restructuring and capital expenditure efficiency. Now, what we have to do is reshuffle and improve PLN's total structure," he said.

Start your free trial.

If you would like to get a 30-day free unlimited access to all of our insights, please click “Start free trial” button below. If you already have an account, please login.

What do subscribers receive?

As a subscriber, you’ll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Enjoy a 30-day free trial, on us. Feel free to contact us with any additional questions you have.