Senin 30 Dec 2013 23:58 WIB

PLN Batam delays its IPO process to next year

Rep: Mutia Ramadhani/Antara/ Red: Julkifli Marbun
Logo PLN Batam (ilustrasi)
Foto: Provinsi Kepri
Logo PLN Batam (ilustrasi)

REPUBLIKA.CO.ID, BATAM - Subsidiary of state owned electricity company, PT PLN Batam delayed its initial public offering process in fourth quarter of 2014 due to national economic condition was not stable this year. Operation Director of PT PLN, M Tagor Sidjabat said that company so far has been doing some preparations to list its shares.

"We reschedule the IPO process to make improvement in quality performance before we list in capital market," Sidjabat said recently.

Company appointed PT Bahana Securities as underwriter. PLN Batam plans to use IPO proceeds for business development, including building its own power stations. One is Tanjung Uncang power plant with capacity of 190 Megawatt (MW) in 2014 and Batam power plant with capacity of 2x100 MW in 2015 and 2016.

Sidjabat said that the company considered two alternatives in Indonesia Stock Exchange (IDX) or Singapore Stock Exchange (SES). Singapore's capital market is one option caused the country familiar with Batam area. However, PLN Batam remains to prioritize national capital market.

Yuk koleksi buku bacaan berkualitas dari buku Republika ...
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Yuk Ngaji Hari Ini
۞ وَلَقَدْ اَخَذَ اللّٰهُ مِيْثَاقَ بَنِيْٓ اِسْرَاۤءِيْلَۚ وَبَعَثْنَا مِنْهُمُ اثْنَيْ عَشَرَ نَقِيْبًاۗ وَقَالَ اللّٰهُ اِنِّيْ مَعَكُمْ ۗ لَىِٕنْ اَقَمْتُمُ الصَّلٰوةَ وَاٰتَيْتُمُ الزَّكٰوةَ وَاٰمَنْتُمْ بِرُسُلِيْ وَعَزَّرْتُمُوْهُمْ وَاَقْرَضْتُمُ اللّٰهَ قَرْضًا حَسَنًا لَّاُكَفِّرَنَّ عَنْكُمْ سَيِّاٰتِكُمْ وَلَاُدْخِلَنَّكُمْ جَنّٰتٍ تَجْرِيْ مِنْ تَحْتِهَا الْاَنْهٰرُۚ فَمَنْ كَفَرَ بَعْدَ ذٰلِكَ مِنْكُمْ فَقَدْ ضَلَّ سَوَاۤءَ السَّبِيْلِ
Dan sungguh, Allah telah mengambil perjanjian dari Bani Israil dan Kami telah mengangkat dua belas orang pemimpin di antara mereka. Dan Allah berfirman, “Aku bersamamu.” Sungguh, jika kamu melaksanakan salat dan menunaikan zakat serta beriman kepada rasul-rasul-Ku dan kamu bantu mereka dan kamu pinjamkan kepada Allah pinjaman yang baik, pasti akan Aku hapus kesalahan-kesalahanmu, dan pasti akan Aku masukkan ke dalam surga yang mengalir di bawahnya sungai-sungai. Tetapi barangsiapa kafir di antaramu setelah itu, maka sesungguhnya dia telah tersesat dari jalan yang lurus.”

(QS. Al-Ma'idah ayat 12)

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