Weak power sales amid sluggish industries

Electricity consumption continues to slow in the first semester of the year as industries demand less against the backdrop of sluggish domestic economic growth.

Nationwide electricity consumption grew 1.78 percent to 98.27 terrawatt hour (TWh) in the first six months of the year from 96.56 TWh in the same period last year, figures from state electricity firm PT PLN show.

Lower demand was seen from the steel industry, according to PLN marketing division head Benny Marbun. “Demand from other industries, such as cement, petrochemical, big textile and food, are relatively stable,” he said.

Overall production capacity utilization of Indonesia’s businesses dropped to 73.06 percent in the first quarter of the year, a level unseen since the end of 2013, from 79.78 percent in the previous quarter, according to a Bank Indonesia (BI) business activity survey.

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Posted July 16, 2015 by repit in News

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