GHP has been assisting Indonesia's State-owned electricity
company PT PLN (Persero) ("PLN") on its corporate
restructure.
The launching ceremony took place in Jakarta on 21 September
2022, to mark the first step in PLN's restructure during a
transition phase, which is targeted to take effect on 31 December
2022.
The restructure involves creating subsidiaries known as the PLN
Subholdings in the generation, primary energy and beyond kwh. The
process will involve a series of spin-offs, acquisitions, transfers
of assets/businesses, human resources, licences, information
technology, and other organisation restructuring.
The goal of the restructure is to transform PLN's business
model to accelerate, among others, the transition to new and
renewable energy. The establishment of the PLN Subholdings is aimed
for PLN to be more focused, agile, efficient, transparent and
professional in their line of business— so as to increase
sustainability and value creation.
