Industry Sector Utilities
Industry Sub Sector Electricity
Established 1 January 1965
Listed Not Listed
Major Shareholders (>5%) Government of Indonesia (100%)
Key Subsidiaries Indonesia Power
Pembangkitan Jawa Bali
Indonesia Comnets Plus
Pelayanan Listrik Nasional Batam
Prima Layanan Nasional Enjiniring

Business Summary

In 1945, Indonesia's President Soekarno established the Electricity and Gas Bureau, under the Department of Public Works and Energy with a total power generation capacity of 157.5 MW. In 1961, the Electricity and Gas Bureau was renamed BPU-PLN (Board of General Administration of the State Electricity Company) working in the fields of electricity supply, gas and coke. Four years later, the BPU-PLN was disbanded and two state-owned enterprises were inaugurated, i.e. Perusahaan Listrik Negara (PLN) to manage electric power and Perusahaan Gas Negara (PGN) to manage the country's natural gas transportation and distribution.

Perusahaan Listrik Negara’s fields of business are:

1. Provision of electrical power covering:

• Generation of electricity
• Supply of electricity
• Distribution of electricity
• Planning and constructing facilities to supply electrical power
• Development of electricity supply
• Sales of electricity

2. Electricity support covering:

• Electricity consultation
• Construction and installation of electrical power equipment
• Assessment and testing of electrical power equipment
• Operation and maintenance of electrical power equipment
• Laboratory of electrical power equipment and consumer testing
• Certification of electrical power equipment and consumer
• Certification of electricity technician competence

3. Other activities covering:

• Managing utilization of natural resources and other energy sources in the interests of electrical power
• Operating and dispatching services for generation, supply, distribution and retail sales of electrical power.
• Industrial activity related to electrical power hardware and software and other equipment related to electrical power
• Cooperation with other parties and institutions related to electrical power in the fields of development, operations, telecommunications and other information related to electrical power
• Electricity services

Furthermore, PLN’s fields of business also cover:

a. Planning and development activities of electric power facilities (generation, transmission and distribution) and supporting activities of budgeting, business development, organization development and human resources.
b. Development activities covering construction of power generating facilities, transmission and substations.
c. Corporate/operational activities of power plants, comprising steam power plant (PLTU), hydro power plant (PLTA), gas turbine power plants (PLTG), geothermal power plant (PLTP), diesel power plant (PLTD), solar cell power plant (PLTS) and wind power plant (PLTB). PLN also purchases electrical power produced by private power plants.
d. Research and supporting activities related to electricity.

All of the above services are conducted by PLN through its 46 business units distributed across Indonesia.

Perusahaan Listrik Negara's Financial Highlights:

     2016    2017
Revenues  222,822  255,295
 - Sale of Electricity  214,140  246,587
 - Government Subsidy   58,043   45,738
Net Income    8,113    4,410
Operating Profit
  26,415   25,559
Income before Tax   13,578    8,544
Total Assets 1,272,178 1,334,957
Total Liabilities  393,778  465,540
Basic Earnings per
 150,009   50,541

in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source: Perusahaan Listrik Negara, Annual Report 2017

Perusahaan Listrik Negara's Financial Highlights:

     2011    2012    2013    2014    2015
Revenues  208,018  232,656  160,639  193,418  217,347
 - Sale of Electricity  112,845  126,722  153,486  186,634  209,845
 - Government Subsidy   93,178  103,331  101,208   99,303   56,553
Net Income    5,426    3,208  (29,567)   14,004    6,011
Operating Profit
  22,378   29,541   29,206   27,410   48,325
Income before Tax    5,515    1,032  (11,037)   18,948  (15,913)
Total Assets  467,783  549,376  523,652  539,521 1,314,370
Total Liabilities  321,770  390,106  349,427  352,348  509,580
Basic Earnings per
 117.594   69.451 (182.213)  302.807  130.106

in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source: Perusahaan Listrik Negara, Annual Report 2017

The government of Indonesia aims to build more coal-fired power plants in order to increase the electrification rate and to reduce the consumption of expensive diesel (used in power plants). PLN has been tasked by the government to supply an additional 55,500 MW of power nationwide by 2019 and increasing the electrification ratio to 90 percent by 2020.

As PLN lacks the means to build a sufficient amount of power plants by itself to meet Indonesia's electricity demand, the government opened opportunities (starting from 1994) for the private sector to participate in the nation's electricity supply business. These independent power producers are obliged to sell electricity to PLN as the latter has a monopoly on electricity distribution in Indonesia.


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