This is what I find extraordinary. PLN want to pay ~85% of the...

This is what I find extraordinary.

PLN want to pay ~85% of the cost of coal generated power as a wholesale price to IPP’s. Currently the industrial sector of Indonesia pays ~aud $
0.10 /kWh for elec. Theoretically EWC could receive 8.5c / kWh using its own gas in its own generator feeding established transmission lines already in place in operating order. Has presided over the disintegration of the B2B status with PLN. Has installed a gas metering station at the edge of the incomplete LNG export plant.

compare Philippines, has a spot elec market to sell into at circa aud $0.19 / kWh, has to finish an incomplete LNG plant and generators and transmission line and buy someone else’s gas also on spot market to sell elec energy for ~ twice the Indo price but into an ad-hoc market AFTER finding 1. the capital to complete. 2. the period to complete. 3. the period until completion where there is no income.

imho it appears selling elec into Indonesia using existing infrastructure even at PLN prescribed price is a better interim return on capital while Keera is completed and can generate more saleable product than solely completing Pagbilao for elec generation when two other competitor LNG import plants will be finished before Pagbilao.