Profile of Perusahaan Listrik Negara (PLN): Indonesia's Electricity Provider
Perusahaan Listrik Negara (PLN) is the state-owned company (SOE) that holds the monopoly on the distribution of electricity in Indonesia. The company is the second-largest SOE by assets after energy company Pertamina. Total capacity of PLN’s power plants at end-2012 have grown to 32.901 MW. The company is tasked to increase Indonesia's electrification ratio (the percentage of Indonesian households that are connected to the nation's electricity grid) to 90 percent by 2020. Currently, the ratio is around 77 percent.
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Perusahaan Listrik Negara's Financial Highlights:
| 2010 | 2011 | 2012 | |
| Revenues | 162,375 | 208,018 | 232,656 |
| - Sale of Electricity | 102,974 | 112,845 | 126,722 |
| - Government Subsidy | 58,108 | 93,178 | 103,331 |
| Net Income | 10,347 | 5,426 | 3,208 |
| Operating Profit |
20,683 | 22,378 | 29,541 |
| Income before Tax | 11,753 | 5,515 | 1,032 |
| Total Assets | 406,100 | 467,783 | 540,706 |
| Total Liabilities | 263,987 | 321,770 | 390,106 |
| Basic Earnings per Share¹ | 69.451 | 117.594 | 224.278 |
in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source: Perusahaan Listrik Negara, Annual Report 2012