24 November 2005 – Indonesia will need to spent $6.15bn on its electricity infrastructure over the next two years, according to Eddie Widiono, president of state owned electricity company PT PLN.
“The figure is not secured yet unless its financing is committed and it usually takes place a year after the PPAs (Power Purchase Agreements) are signed” he said after speaking in a seminar themed “Turning Crises into Opportunities” in Jakarta on Wednesday.
According to Widiono, the company is tendering projects worth $6.15bn. “The contractors will finance them,” Widiono added.
He said that PT PLN has no funds to build power plants and power transmission lines, so the private sector needs to take part in building the infrastructure projects.