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#32411 - 25 Aug 06 12:14 TEMPO/Pertamina to Become an Energy Company
biznews Moderator Offline
Pujangga Besar

Registered: 24 Apr 08
Posts: 7508
Loc: Jakarta
Pertamina to Become an Energy Company
Thursday, 24 August, 2006 | 08:35 WIB

Tempo Interactive, Jakarta: It is planned that the PT Pertamina (Persero) oil and gas company will also become an energy and petrochemicals company.

This is aimed at increasing its added-value so as to benefit Pertamina itself.

According to Hanung Budya, the Director of Marketing and Trade of Pertamina, within the next two or three years Pertamina’s business direction will be projected as energy supplier.

“We are looking into electricity business. We'll sell electricity to PLN (state electricity company),” Hanung said Thursday (24/8) at Denpasar, Bali.

He went on to say that Pertamina has the potential to become an energy supplier by maximizing existing resources.

As for electricity, for instance, Pertamina has some gas fields that can be utilized for electricity generating power plant.

It is planned that this unprofitable gas field can be turned into an electricity power plant.

This is in order to comply with the need for electric supply in remote areas where gas fields are situated and PLN does not have any electrical power plants there.

“It's better than burning the gas,” said Hanung.

Muhamad Fasabeni
_________________________ Indonesian Business and Investment News Aggregator

#32412 - 25 Aug 06 13:56 Re: TEMPO/Pertamina to Become an Energy Company
D'ruby Offline

Registered: 13 Feb 06
Posts: 2177
Loc: My
PLN version 2.0?
I wanna be Samantha, but I am so Carrie

#32413 - 25 Aug 06 15:13 Re: TEMPO/Pertamina to Become an Energy Company
KuKuKaChu Moderator Offline
Pooh Bah

Registered: 09 Oct 05
Posts: 10790
Loc: Centre of the Universe
very perceptive miz. ruby-of-the-jungle. pertamina's monopoly is being broken down, so now they're trying to muscle in on someone else's monopoly!

interesting move recently also with moody's downgrading their assessment of PGN (State Gas Company), no doubt due to their amazing incompetence and inability to meet contracts. even the new busway is suffering as a result! Sutioso's plan for all govt vehicles in jakarta to convert to gas power is now in ruins because of their gross incompetence.
KuKuKaChu: dangerously too sophisticated


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