Under the Indonesian section of the annual report SE...

First 4 Last

Share
Profile

Follow
Clueless100

240 Posts.

15

07/10/22

15:08

Post #: 64086629
Share

Originally posted by ifandwhen: ↑

Unions trying to establish their relevance is how I perceive the ‘aspirations approach’ to the Commission.
The workers were not permanent employees but employed under period contracts so the Unions claims of unilateral severance of permanent employees is a stretch of the situation.
The Union brings up the point that the workers should still be employed if the company is still in business, which is another stretch as the company is no longer producing a product with which to sustain the activities of the workforce. New employment contracts would appear more appropriate in line with the plant requirements to its situation.

The Sengkang generator workers were quite rightly on severance contracts with expiry coinciding with the PPA expiry. This was brought up at a previous Commission hearing regarding the employment terms at Sengkang. The only complaint that was found to be tenable at the time is that the terms of operation for the generator called for employment of a full time doctor on site for a workforce of ~35 people. PTES instead had an arrangement with the local medical centre because the lost time history at the site hardly warranted a doctors full time attendance. That PTES was operating outside the terms in this regard was more of an issue at the time than the workers future employment prospects.

The main disparity at Sengkang is that although PLN approved the additional generating capacity at Sengkang brought online ~9 years ago, there was no equivalent contract extension to coincide with its depreciated value at end of life, so there is a residual value at present which is unattractive to PLN to take on the generator as it’s own, alongside the recent 2018 policy to reduce dependence on gas generation overall in Indonesia by ~24% plus by 2028. The other disparity that the 2018 policy effectively cancelled any company ambitions to increase capacity. Meanwhile PLN have brought online a 1000mw coal generator in East Sulawesi and added 100mw to another coal generator in South Sulawesi, so no hesitation in using coal to provide base load while ignoring gas and going green with solar.

Some things never add up, which is another problem.

Expand

Under the Indonesian section of the annual report SE states:

"Indonesia is encouraging industry to move away from coal and diesel power generation"

Yet the PLN are shunning gas in favour of coal .
Truth is gas can't compete with coal baseload in Indonesia and since the Indos haven't succumbed to the same Marxist ideologies as the western world it makes sense for them to do so.
So what use for the gas?

EWC Price at posting: 5.1¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

ASX Market Open: Inevitable Trump-Musk tussle threatens to derail green blip | July 2

AII

Almonty Industries shares EXPLODE! Rheinmetall, Renk, and Hensoldt left in the shadows!

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

RAC

Race Oncology accelerates gamechanging cancer drug

Tuesday's HotCopper trends: Paradigm funding, Nanoveu drone gains | July 1

First 4 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 4.8¢		Change 0.027(129%)		Mkt cap ! $147.7M

Open	High	Low	Value	Volume
5.0¢	7.5¢	3.3¢	$710.6K	14.85M

Buyers (Bids)

No.	Vol.	Price($)
1	53192	4.7¢

Sellers (Offers)

Price($)	Vol.	No.
4.8¢	70981	1

View Market Depth

No.	Vol.	Price($)
2	59241	0.054
4	118867	0.053
3	2151000	0.052
2	70833	0.050
3	29700	0.049

Price($)	Vol.	No.
0.051	300000	1
0.052	195160	6
0.055	15000	1
0.056	11000	1
0.060	230000	2

Last trade - 16.10pm 01/07/2025 (20 minute delay)

EWC (ASX) Chart

Under the Indonesian section of the annual report SE...

ASX Market Open: Inevitable Trump-Musk tussle threatens to derail green blip | July 2

Almonty Industries shares EXPLODE! Rheinmetall, Renk, and Hensoldt left in the shadows!

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Race Oncology accelerates gamechanging cancer drug

Tuesday's HotCopper trends: Paradigm funding, Nanoveu drone gains | July 1

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Under the Indonesian section of the annual report SE...

Top Stories

ASX Market Open: Inevitable Trump-Musk tussle threatens to derail green blip | July 2

Almonty Industries shares EXPLODE! Rheinmetall, Renk, and Hensoldt left in the shadows!

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Race Oncology accelerates gamechanging cancer drug

Tuesday's HotCopper trends: Paradigm funding, Nanoveu drone gains | July 1

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News