Understanding the Financial Performance of PT PLN (Persero): A Narrative on State-Owned Enterprise (SOE) with a Mandate of Electricity in Indonesia

Abstract

As the only electrical company that sells electric power to society and performs the assignments from the government, the financial performance of PT PLN (Persero) is attracting public attention. Some perspectives worry about PT PLN (Persero)’s financial condition and even give a negative sentiment. The research explored how to understand the financial performance of PT PLN (Persero) through a narrative constructed by data storytelling concept for neutralizing the public’s tension. The research used the stories retrieved from interviews, e-mail correspondence, and annual reports. Based on the data collected in 2020, PT PLN (Persero) has shown improvement. The company has positive income growth, an increase in assets, a decrease in liabilities, and improved financial ratios compared with last year’s performance. Even though PT PLN (Persero) gets government support, the company’s initiative program also influences financial improvement. PT PLN (Persero) also has done some mitigation actions for the risk it faced, such as paying the principal debt and its interest on time, maintaining the financial ratio, and ensuring cash availability. In addition, the monitoring from the Ministry of Finance also helps PT PLN (Persero) to maintain its financial performance safe. Lastly, the Ministry of SOE hopes that society can consider PT PLN (Persero) ’s effort to provide electricity to all Indonesian regions as part of the valuation of the company.

Analysis And Management Of Polychlorinated Biphenyls (Pcbs) At Temporary Storage Of Hazardous And Toxic Waste Of Pln Up3 Tanjung Karang

“…Testing on offline transformer oil samples resulted in 66.7% of undefined PCBs and 33.3% of offline transformer oil contaminated with PCBs. Furthermore, offline transformer oil contaminated with PCBs is stored and quarantined at Temporary Storage of Hazardous and Toxic Waste Materials (Hansen et al, 2022). Transformer oil that is not contaminated with PCBs can be transported by transformer oil transport and management companies that already have permits from the Ministry of Environment and Forestry and the local Transportation Service (Granberg et al, 2017).…”

Sistem Kontrol Kubikel Pada Panel Tegangan Menengah dengan Menggunakan Programmable Logic Controller

“…PT. PLN memegang peranan penting dalam memastikan pasokan yang stabil di Indonesia (Hendrocahyo, H., and Kurniawati, L., 2022). Bandara memiliki gardu hubung yang menerima tegangan menengah 20 KVA, dari gardu hubung listrik disalurkan ke gedung Main Power Supply (MPS).…”

Assessing Customer Satisfaction in Relation to Service Quality at PLN in Cimahi City

“…The State Electricity Company (PLN) is PLN (State Electricity Company) which is one of the state-owned companies that provides services to potential customers and the public in providing services related to the sale of the only electricity in Indonesia (Kurniawati, 2022;Neolaka et al, 2022). The increase in electricity demand in Indonesia is soaring and fast which is accompanied by demands for a high level of satisfaction from society (Yenni, 2019).…”