Government Maintains Energy Prices for Q1 2018 THURSDAY, 11...

Government Maintains Energy Prices for Q1 2018

THURSDAY, 11 JANUARY 2018 AT 13:55 WIB
The Energy and Mineral Resources Ministry has announced that it will maintain the prices of electricity and certain fuel types in the first quarter of 2018, forcing state energy giants Pertamina and PLN to bear the burden of increasing oil and coal prices.



Meanwhile, the price of electricity for low capacity non-subsidized customers will remain unchanged at Rp 1,467.28 per kilowatt hour (kWh).


PLN Faces Huge Loss Without Electricity Price Adjustment

http://iesr.or.id/2018/01/pln-faces-huge-loss-without-electricity-price-adjustment/?lang=en

Its definitely not good for the long term future of GMC, just as GMC starts firing up the furnaces, then UP goes the power price.
The announcement had no mention of the power price /KWh , nor did it mention the escalation of power prices.
All hid from GMC shareholders.
Power in Indonesia is heading down the same path as South Africa and the end result won't be nice after the current power price freeze ends in 2019.
http://jakartaglobe.id/news/govt-will-keep-fuel-electricity-prices-stable-end-2019/
Unfortunately, it has recently been announced that Indonesia’s fuel and electricity prices are to be frozen until the end of 2019, a presidential election year. Electricity prices will then have to rise considerably as the PLN is slowly going broke.