PLN STRUGGLING THE FLUCTUATION OF EXCHANGE RATE
Acceptance in the form of rupiah, PLN but expenditure in dollars
President Director of PT Perusahaan Listrik Negara (PLN) Nur Pamudji said, at this time the company focus on matters the exchange rate again flared up. Because of this related to PLN's expenditure.
He explained, almost all PLN's acceptance is in rupiah, but its expenditure is in dollar.
“First, for coal, we follow CPR (coal price reference), the number is dollars. Now how much? Gas prices, the dollar too. All dollar references. Exchange rate moves, he moves”, he said. Wednesday, May 28, 2014.
Pamudji said, in assuming a macro Budget income and Expenditure the country by 2014 the exchange rate pegged at Rp 10,500 per dollar. But now the Rp has exceeded 11,000 rupiah per dollar
Meanwhile, the exchange rate assumption of APBN that submitted by the Government to PLN is Rp 11.700 per dollar, so there is a gap that reached Rp 1,200 per dollar. “Pengaruh% to PLN's huge”, he said.
Thus, he said, PLN gives great attention to movements in exchange rates. Moreover, admits Pamudji, PLN has an obligation in the form of debt principal and interest of Rp51 trillion per year (a rate of Rp 11.700).
Meanwhile, the revenue of PLN is 15 trillion per month. If multiplied throughout the year, hit Rp180 trillion.
He reveals, during the last 8 years, all development PLN came from loans. “ We could add 5000 MW umpteen, everything from debt”, said Pramudji.
Fiscal Pressure
Because of that, Pramudji said, he’s very understanding fiscal difficulties that being experienced by the Government due to exchange rate pressures.
He added, for it, PLN will conform with the ability of investment funding from serving the new customers are now rated excellent.
There are 4.2 million last year, he said, there is a new customer with national electrification ratio to 80 percent
“Now the addition of customers is remarkable. There are 1 million connections in 2010, but in 2013 doesn't need that program because it already reached 4.2 million connections. Connect it means investment. And, 4.2 million new customers is the highest number in the history of the PLN”, he said.
