Hi BennyI'm glad you agree with us that these post-2003 projects...

Hi Benny

I'm glad you agree with us that these post-2003 projects are "eligible" for the new tariffs.

The question is actually whether PLN will agree to apply the new tariffs to the PAX projects. PAX has told the market that this will happen but I and others are sceptical and will only believe it when the PPAs are signed.

Our scepticism is reinforced when the recent Rantau Dedap PPA was priced at 8.86 c/kWh when it also was eligible for the new tariff regime, ie 10 c/kWh for high-voltage projects in Sumatra. This is not a good omen for PAX.