Power price hike unfair, say Japanese investors

Japanese investors have called on the Indonesian government to review its plan to increase electricity prices for large-scale electricity users by more than 60 percent this year, saying that the planned increase will seriously hurt their business.

In an open letter addressed to Industry Minister MS Hidayat, Jakarta-Japan Club Foundation (JJC) chairman Takuji Motooka expressed the Japanese companies’ concerns over the plan to increase electricity prices by 38.9 percent for industrial users in the so-called Group I-3 and by 64.7 percent for Group I-4.

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Posted March 12, 2014 by repit in News

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