"Pertagas and Pertamina Drilling are better prepared than the others to conduct an initial public offering this year," State Enterprises Minister Dahlan Iskan said at his office here on Thursday.
He disclosed that initially Pertamina had prepared PT Pertamina Geothermal Energy (PGE) but the plan was canceled because Pertamina and PLN (state-owned power company) were still trying to make PGE their subsidiary.
Only when it becomes a subsidiary of PLN and Pertamina, will PGE be pushed to seek its own funding through bond issuance.
"So, it is Pertagas and not PGE that has been considered better prepared," Dahlan said.(*/T007)
: Nyoman Budhiana
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