| Capping is applied, PLN requested compensation |
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| Monday, 26 July 2010 10:16 | |||||||
Page 1 of 2 JAKARTA - State electricity company PT (Persero) expect the government to provide compensation related to the application of limitation (capping) increase and decrease in the maximum electricity bill by 18% from the previous account.Application of capping by 18% the estimated impact on the savings target unachieved electricity subsidies this year Rp4, 8 trillion, which is charged to companies that, in accordance with the policy of raising the electricity basic tariff (TDL) 2010 average of 10%. Director of Business and Risk Management PLN Murtaqi Shamsuddin admitted restrictions electricity bill by 18% is indeed expected to reduce revenues by PLN from targeted government figures when approving the mean 10% increase in TDL. "If the subsidy is reduced or additional Rp4, 8 trillion that we should be no compensation of clarity, it could affect the PLN. Therefore we discuss this issue with relevant government, "he said last week. However, he added that the company was not overly worried about the decline in revenue with the implementation of 18% capping was because the policy is the government's decision with the Parliament. Based on data from PLN, the company's estimated loss of revenue to more than Rp500 billion per month from existing customers in the Java-Bali region alone. From the industrial sector in Java-Bali, PLN's revenue fell to Rp5, 52 trillion from the calculations using the revised TDL before Rp5, 81 trillion. According Murtaqi, compensation to PLN is necessary in order that the company still has the ability to invest and do not interfere with operational activities, despite the savings target for the shortfall, subsidies Rp4, 8 trillion is not met. "We [PLN] will beribacara with the government through the Ministry of Energy and the Ministry of Finance, because electricity is only carrying out what has been decided by the government. If [the target savings] is not reached, go back to the government, "said Murtaqi. By: Nurbaiti (Bisnis.com)
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