State electricity provider PT Perusahaan Listrik Negara (PLN) booked a net profit of Rp7.35 trillion in the first half (H1) of 2019, against loss of Rp5.35 trillion in the corresponding period of 2018. The stronger rupiah against the U.S. dollar and Euro supported PLN as it recorded foreign exchange (forex) gain of Rp5.04 trillion. PLN’s debts are mostly in the U.S. dollar denomination, the long-term loan used for funding investment on the 35 GW project. 

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