BMI View: We have revised down our 2013 growth forecast for electricity generation in Indonesia, due to a poor near-term economic outlook. This has also led us to moderate our long-term forecasts. The government’s plan to increase electricity prices in 2013 could result in significant changes to the industry, but we are unsure if the last increment planned for October will be executed. We have revised down our 2013 growth forecast for electricity generation in Indonesia to 7.2%, down from a previous forecast of 7.7%. This downward revision was prompted by our view that the country’s near-term economic outlook will …
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