Indonesia steel group objects to power rate rise
Indonesia’s Iron and Steel Association was among the first business lobby groups to formally declare their objections to the planned removal of electricity subsidy for medium and large scale industries.
Following lawmakers’ approval this month, the government in May will start increasing the electricity rate for medium and large industries classified as I-3 and I-4 consumers by state utility firm Perusahaan Listrik Negara to the point that the rate is no longer being subsidized by the government. The rate for I-3 consumers will eventually rise by 38.9% and I-4 consumers by 64.7% in one year.
Read more at: http://www.steelguru.com/international_news/Indonesia_steel_group_objects_to_power_rate_rise/331602.html
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