Cempaka Development, Construction & Utilities: PLN Blames Dollar For Huge Losses

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,.. etc.)

"A Summary" – Apr 2, 2011 (Kryon channeled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - (Text version)

“.. Nuclear Power Revealed

So let me tell you what else they did. They just showed you what's wrong with nuclear power. "Safe to the maximum," they said. "Our devices are strong and cannot fail." But they did. They are no match for Gaia.

It seems that for more than 20 years, every single time we sit in the chair and speak of electric power, we tell you that hundreds of thousands of tons of push/pull energy on a regular schedule is available to you. It is moon-driven, forever. It can make all of the electricity for all of the cities on your planet, no matter how much you use. There's no environmental impact at all. Use the power of the tides, the oceans, the waves in clever ways. Use them in a bigger way than any designer has ever put together yet, to power your cities. The largest cities on your planet are on the coasts, and that's where the power source is. Hydro is the answer. It's not dangerous. You've ignored it because it seems harder to engineer and it's not in a controlled environment. Yet, you've chosen to build one of the most complex and dangerous steam engines on Earth - nuclear power.

We also have indicated that all you have to do is dig down deep enough and the planet will give you heat. It's right below the surface, not too far away all the time. You'll have a Gaia steam engine that way, too. There's no danger at all and you don't have to dig that far. All you have to do is heat fluid, and there are some fluids that boil far faster than water. So we say it again and again. Maybe this will show you what's wrong with what you've been doing, and this will turn the attitudes of your science to create something so beautiful and so powerful for your grandchildren. Why do you think you were given the moon? Now you know.

This benevolent Universe gave you an astral body that allows the waters in your ocean to push and pull and push on the most regular schedule of anything you know of. Yet there you sit enjoying just looking at it instead of using it. It could be enormous, free energy forever, ready to be converted when you design the methods of capturing it. It's time. …”

Friday, March 27, 2009

PLN Blames Dollar For Huge Losses

The Jakarta Globe, Janeman Latul & Mita Valina Liem, March 26, 2009

Hammered by the falling rupiah, state-owned electricity company PT Perusahaan Listrik Negara, or PLN, lost a record Rp 13.1 trillion ($1.1 billion) in 2008, Said Didu, the secretary of the State Ministry for State-Owned Enterprises, said on Wednesday. The company had sales of Rp 83.8 trillion in 2008.

The billion-dollar stumble accounted for 90 percent of all losses by state-owned enterprises in 2008, Didu said. Twenty-three state-owned firms lost a total of about Rp 14 trillion last year.

PLN’s biggest-ever loss was driven largely by the weakened rupiah, Didu said, which caused expenses booked in dollars to skyrocket. The sharp drop in the rupiah’s value against the dollar accounted for about Rp 10 trillion of PLN’s losses, while the rest of the shortfall came from net operating losses, Didu said. The company, which supplies about 80 percent of Indonesia’s electricity, had planned on an exchange rate of Rp 9,300 per dollar but then it fell to nearly Rp 12,000 by the end of the year.

“PLN’s cash flow is good and its operating loss was down dramatically,” Didu said. “The exchange rate losses aren’t due to bad performance.”

Sofyan Djalil, the state-owned enterprises minister, called PLN’s losses understandable and “not due to mismanagement.”

Aside from PLN, PT Merpati Nusantara Airlines lost an estimated Rp 568 billion, while PT Kertas Kraft Aceh, a state-owned paper mill, lost Rp 150 billion, and PT Djakarta Lloyd, a shipping company, lost Rp 150 billion, Didu said.

In 2007, PLN booked net operating losses of Rp 5.6 trillion, nearly double that of 2006. The 2007 figure was also higher than the net operating loss in 2008, which is estimated at about Rp 3 trillion. Exchange rate losses in 2007, however, were just Rp 8.5 billion, according to PLN’s annual report.

Purbaya Yudi Sadewa, the head of Danareksa research, said PLN’s losses do not mean that the company performed poorly, since it has a public service obligation to provide affordable electricity.

“When we see PLN, we have to use different glasses because it has an obligation to serve people,” Purbaya said in a telephone interview. “The multiplier effect that PLN can produce for this country is much larger than the losses. We have to appreciate the economic growth that PLN supports before calculating the financial losses.”

Purbaya noted that PLN’s revenue is fixed and is in rupiah while its expenditures, including fossil fuel purchases, are paid for in dollars. The company also has to service its foreign debt, which is denominated in dollars, he said.

Purbaya urged PLN to tidy up its financial system and to diversify its fuel sources in order to minimize potential losses in the future.

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