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Home > Company Index > Utilities > Electric Utilities > Perusahaan Listrik Negara

Perusahaan Listrik Negara
 PROFILE
Indonesia's Perusahaan Listrik Negara (PLN) is powerful, but not wealthy. The state-owned electric utility, which generates and supplies power in Indonesia (80% of revenues come from Java and Bali) has contracts with independent power producers to supplement production from its own power plants. Unfortunately, the contracts are paid in US dollars, so the rupiah's plummet versus the dollar has made such contracts expensive and created debt for PLN. Its request to convert about half of its $4.7 billion debt has been rejected by the Indonesian government. To improve its finances, PLN has canceled some of its contracts with independent power suppliers and has requested lower tariffs for its existing contracts.

 FINANCIAL OVERVIEW
Fiscal Year-End: June
2000 Sales (mil.): 2,036.50
1-Yr. Sales Growth: 83.3%
Employees: 51,697
Revenue per employee: $39,393.00

 KEY PEOPLE
• Eddie Widiono Suwondho
    CEO
• F. Parno Isworo
    CFO

 CONTACT INFO
Jalan Trunojoyo Blok M I/135
Jakarta 12160, Indonesia
Phone: 62-21-726-2234
Fax: 62-21-722-1330
Online: Web Site

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