Questioned The Plans of Rini Soemarno Establish The Holding Company: EWI

Jakarta, Aktual.com – Executive Director of the Energy Watch Indonesia (EWI) Ferdinand Hutahaean questioned the reasons behind the State Own Enterprise (SOE) Ministry plans to establish a holding company of the energy sector. Because the plan SOE Minister Rini Soemarno is not studies that seem too forced.

“We were surprised by the attitude that as minister of state without the formation of this holding without mature study and comprehensive study,” Ferdinand said in Jakarta, Tuesday (10/5).

Moreover, he continued, the holding too unclear to be filled by the energy companies anywhere. Because, until now there is no formula that has been tested public.

“The format is not clear yet, the ministry should prepare a new mature concept first and launched,” he said.

Furthermore, Ferdinand revealed the efforts of ‘trial and error’ was seen on several attempts to merge PGN and Pertamina as a parent. Then changed again that PGN become a subsidiary merged with Pertagas.

He called holding concept is still trial and error. Therefore, EWI ask the Minister of SOEs to terminate the proposed merger PGN with Pertagas.

“If this is done will result in losses for the state, in this case Pertamina or Pertagas is 100 percent owned by the state, while PGN approximately 47% are public shares. If you want in-merger, Rini had to finish first buy back public shares in PGN so as not to lose the country,”
“Anyway for what PGN and Pertagas merged? Would not it be nice if PGN become a subsidiary of Pertamina and play in Gas Upstream and Downstream Gas Pertagas play in? Do governance of oil and gas that has been messed up this time made even more chaotic for the sake of people’s expectations per person. This state is not a private company, not be made arbitrarily,” he said.

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