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Perusahaan Listrik Negara (PLN)

Perusahaan Listrik Negara (PLN) is a state-owned company headquartered in Indonesia. In 2019, its revenue was US$20.57 billion and installed capacity was 43.85 GW. PLN has a national monopoly on electricity distribution. Coal generation has been expanding in recent years as a cheap option to electrify Indonesia, but the company is looking to expand its renewables from 12% of total capacity in 2018 to 23% by 2025.

Ranking position
#28/50
Performance score
5.2 /20
Narrative Score
D
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-50)

Targets

0.0 / 4.0 #33

Material Investment

2.3 / 7.0 #24

Intangible Investment

0.0 / 2.0 #19

Management

1.0 / 4.0 #29

Policy Engagement

0.6 / 1.0 #14

Business Model

1.3 / 2.0 #23
Total 5.2 / 20 #28

Leading practices

No leading practices were identified for this company.

Risks and opportunities

Trend

PLN is awarded a trend score of =. If the company were reassessed in the near future, its score would likely stay the same. The company’s emissions intensity is expected to fall from 882 gCO2e/kWh in 2018 to 852 gCO2e/kWh by 2023, but its well-below 2-degree pathway requires a much more rapid fall to 791 gCO2e/kWh. PLN lacks an emissions reduction target, which, if implemented, could drive a greater strategic focus on decarbonisation. In the medium to long term, the company’s locked-in emissions mean it is expected to exceed its carbon budget. The Indonesian government recently announced its intention to replace 1.78 GW of diesel, 5.7 GW of coal and 5.9 GW of gas with renewable energy, though no time frame was specified for this. The government is also preparing a new presidential regulation that would provide a much stronger legal and regulatory basis for renewable energy development. If implemented effectively, this legislation could enable PLN to achieve its target of 23% renewable capacity by 2025.

Progress towards the Paris Agreement

More about the company

Headquarters
Jakarta, Indonesia
Ownership structure
State-owned
Group revenue
US$20.57 billion (2019)
Installed capacity
43.85 GW (2019)
Website
https://portal.pln.co.id/