June 4, 2026 | 12:54 pm
TEMPO.CO, Jakarta - Indonesia's sovereign wealth fund Danantara aims to streamline the business structure of state-owned electricity company PT PLN by culling the number of business entities from 44 to 23 by 2028. This measure aims to improve the company's operational efficiency and strengthen corporate governance.The plan surfaced in a meeting between the Head of the State-Owned Enterprises (SOEs) Management Agency and Chief Operating Officer (COO) of Danantara Indonesia, Dony Oskaria, with the PLN board of directors on Tuesday, June 2, 2026.According to Dony, the streamlining of subsidiary companies aims to increase operational efficiency, strengthen corporate governance, and create a more focused and integrated business structure."Accelerating the transformation and strengthening the reliability of the electricity system is key for PLN to effectively support national energy resilience," Dony said, quoted from a written statement on Thursday, June 4, 2026.Besides reducing the number of PLN subsidiaries, the meeting also highlighted the progress of the Electricity Supply Business Plan (RUPTL) and efforts to strengthen the electricity system after disruptions in Sumatera."PLN also reported the progress in the implementation of RUPTL 2025-2034, which shows positive progress," he said.Out of the total planned electricity projects, around 1,634 projects—nearly 40 percent—have entered the execution phase. This achievement reflects PLN's commitment to accelerate the development of the national electricity infrastructure, ranging from power plant construction and transmission networks to substations to meet the growing energy demand.Dony also highlighted the steps to strengthen the electricity system after disruptions in Sumatera. He urged PLN to continue evaluating the system to enhance the reliability of electricity supply.On the other hand, he said several strategic projects are being prepared, including strengthening the backbone infrastructure of Sumatera's electricity, constructing 500 kV, 275 kV, and 150 kV transmission networks, and increasing power plant capacity in various regions to strengthen the system resilience and minimize disruption risks in the future.Read: PLN Denies Tariff Hike as Customers Complain of High BillsClick here to get the latest news updates from Tempo on Google News
