PLN Indonesia

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PLN Indonesia

PLN Indonesia

Company Registration No. :
PLN123456

Company Location :
Jakarta, Indonesia

SHORT BUSINESS DESCRIPTION

PT Perusahaan Listrik Negara (Persero) (PLN, English: State Electricity Company) is an Indonesian government-owned corporation which has a monopoly on electricity distribution in Indonesia and generates the majority of the country's electrical power, producing 176.4 TWh in 2015.[2][3] It was included in the Fortune Global 500 lists of 2014[4] and 2015.[5] It has large debts due to expensive coal power contracts.[6]

History

The history of the electricity sector in Indonesia began at the end of 19th century when Dutch colonialists installed the first electrical generators.[7] The largest of the electricity distribution companies was the Nederlands Indische Gasmaatschappij (NIGM) which was originally a gas utility company. In World War II, the Japanese took control of the electricity sector. After Indonesian Independence on 17 August 1945, revolutionary Indonesian youth took control of the electricity sector in September 1945 and handed facilities over to the Republican government. The history of the electricity sector since then has been one of continuing institutional changes.[8]

On 27 October 1945 President Sukarno established the Jawatan Listrik dan Gas (Bureau of Electricity And Gas) with a generation capacity of only 157.5 MW. On 1 January 1961, the bureau of Electricity and Gas was changed into BPU PLN (''Badan Pimpinan Umum Perusahaan Listrik Negara, General Board of Directors for State Electricity Companies) which dealt in the areas of electricity, agas, and coke (Indonesian: kokas). On 1 January 1965, BPU-PLN was replaced with two state owned enterprises, Perusahaan Listrik Negara (PLN) handling the electricity sector and Perusahaan Gas Negara (PGN) handling gas. The capacity of the electrical-power generators of PLN, then, was 300 MW. There were further institutional changes during the 1970s, 1980s, and 1990s.

In September 2002 the Electric Power Act (Act No 20 of 2002),[9] was promulgated. The act formally deregulated the electricity sector. The new act required an end to PLN's monopoly on electricity distribution within five years after which time private companies (both foreign and domestic) were to be permitted to sell electricity directly to consumers. All companies were to use PLN's existing transmission network. However, the act was annulled in 2004 by the Constitutional Court.[10] As a result, the electricity sector was in an uncertain legal situation for some years. A new electricity act, Act No 30 of 2009, was introduced to provide greater legal certainty although this act, too, was controversial because, as was the case with the earlier 2002 act, it legislated to end PLN's monopoly in the sector.[11]

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