Wednesday, 21 Augst 2019 | 23:23 WIB

Indonesian Gov’t Set to Inject IDR 6.5 Tln to PLN

Indonesian Gov't Set to Inject IDR 6.5 Tln to PLN (special)

JAKARTA, NETRALNEWS.COM - With the consideration of improving the capital structure and increasing the business capacity of state-owned electricity company Perusahaan Listrik Negara (PLN), the Indonesian government views the need to increase the participation of state capital in PLN.

For this consideration, on July 19, 2019, President Joko Widodo has signed Government Regulation Number 51 Year 2019 on the Addition of the State Capital Participation of the Republic of Indonesia as capital for Perusahaan Listrik Negara.

"The value of additional state capital participation as intended is IDR 6,500,000,000,000.00 (six trillion five hundred billion rupiahs)," a government official said in Jakarta, Thursday (1/8/2019).

The addition of state capital participation as intended, according to this government regulation, comes from the 2019 Indonesian State Budget.

The Government Regulation shall come into force on the date of promulgation, according Article 3 of Government Regulation Number 51 of 2019, which was signed by the Minister of Law and Human Rights Yasonna H. Laoly on July 23, 2019.