The famous first generation of coal contract of works (CCoWs) will expire next year to 2025. Arutmin Indonesia is the closest to expiry: 2020, followed by Kaltim Prima Coal (KPC) in 2021 and Adaro Indonesia in 2022. What if the State decided not to extend their contract, and that the assets will partially be given to state utility company PT Perusahaan Listrik Negara (PLN) as capital injection?To subscribe please click here