"PLN`s investment needs are projected to reach US$60.5 billion until 2020 or US$6.1 billion per year."Jakarta (ANTARA News) - State-owned electricity company PT PLN plans to cut its investments by some 5.6 percent to US$7.49 billion in 2012, from US$7.939 billion in 2011.
The company will reduce its investments as it manages to keep transmission costs down by 25.86 percent to US$2.531 billion this year, from US$3.414 billion in 2011, PLN President Director Nur Pamudji said at a hearing with the House of Representatives Commission VI at the parliament building here on Monday.
However, investments in generators increased by 13.14 percent to US$3.264 million in 2012, compared to US$3.264 million in 2011, he said.
"PLN`s investment needs are projected to reach US$60.5 billion until 2020 or US$6.1 billion per year," he said.
The investment will be needed for engineering procurement construction (EPC), excluding ODC (off-plot delivery contract), financing and taxes, he added.
PLN`s investment needs, if combined with those of private electricity contractors (IPP), will reach US$9.888 billion this year, a 7.93 percent increase compared to US$9.161 billion in 2011.
The increase was fueled by a 35.71 percent increase in the amount of investment in generators to US$6.087 billion from US$4.485 billion in 2011, Nur said.
Both PLN and IPP will need US$96.2 billion in investment through 2020, or US$9.6 billion per year, he added.
PLN has also projected the electricity ratio to reach 75.30 percent in 2012 and 80 percent in 2014.
(T.KR-SSB/S012/INE/KR-BSR/A014)
Editor: Priyambodo RH
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