Soaring, PII Revenue This Year Translucent Rp 860 Billion

JAKARTA, KOMPAS.com – To fund the construction of infrastructure projects, PT Indonesia Infrastructure Guarantee Fund (Persero) or PII has poured investment of Rp 81 trillion this year.

This funding specifically allocated to nine infrastructure projects in the water sector , electric power, highways, as well as technology, information and communication technologies (ICT).

“this year, revenue PII Rp 860 billion with profits of Rp 510 billion. this amount is a big spike,” said Director of Finance and Management risk PII PII Armand Hermawan office, Capital Place, Jakarta, Monday (12/19/2016).

He added that this year PII also recorded underwriting income of Rp 220 billion. Compared to last year, PII has not posted revenues.

The surge in revenue is coming from projects already started operation and receiving payments.

“This year there is Security Central Government (SJPP) for power projects in Batang, Central Java, “said Armand.

the project is Steam Power (power plant) in Batang, Central Java. The power plant has a capacity of 2×1.000 MW and is the largest power plant in Southeast Asia that use technology Ultra Super Critical.

Meanwhile, although this year PII revenue surge, Armand predict the next year does not happen the same increase.

This is due, business condition is considered quite heavy due to the decline in interest rates.

“there is a tendency (interest rate) rise next year, only to the current situation, maybe earnings will not be as many years this, “said Armand.

another factor spike in revenue PII doubt will happen, he added, is because next year there are no similar projects this year.

the electricity sector is considered quite attractive for investors. While next year PII will start to go to the social infrastructure sector whose income is at power.

He explained that the number of projects of social infrastructure may be great, but in terms of revenue at least 20 percent.

“as this project will be provided to the public, the cost is very small, such as job training centers,” said Amrand.

properti.kompas.com

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