"In addition to bank loans, issuing global bonds is an alternative funding source for the company," he said here on Friday.
Of course, the company`s plan to issue global bonds could be adjusted to its fund needs, he said.
PLN needed huge investment to switch from oil-fueled to gas-fueled power plants as part of its efficiency programs, he said.
In addition, PLN was also among 26 state-owned companies involved in the development of six economic corridors under the newly-launched master plan for the acceleration and expansion of Indonesia`s economic development (MP3EI), he said.
PLN was in the process of evaluating its investment-financing scheme which would cost the company US$1.5 billion to US$2 billion, he said.
Earlier, PLN President Director Dahlan Iskan said the amount of fund expected to originate from external investment would range from US$1.5 billion to US$2 billion.
He added however that the amount still could change as the evaluation of the company`s investment-financing scheme was still underway.
PLN is expected to spend around Rp70 trillion on capital expenditure this year to build transmission lines and power plants.
"As a shareholder, we fully leave the (planned) bond issuance to PLN to decide because this is part of corporate action," Mustafa said.
(SYS/S012/F001)
Editor: Suryanto
Copyright © ANTARA 2011
