Cempaka Business and Economy: Court orders PGN to pay $17m to partners

"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - (Text version)

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.
They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Tuesday, December 08, 2009

Court orders PGN to pay $17m to partners

The Jakarta Post, Jakarta | Tue, 12/08/2009 10:05 AM

The International Court of Arbitration (ICC) in Singapore has ordered Indonesia’s state gas distributor PT Perusahaan Gas Negara (PGN) to pay US$17.29 million to its partner companies following a fee dispute in a gas pipeline construction project.

The ICC ruled in favor of a group of contractors comprising PT Citra Panji Manunggal, PT Remaja Bangun Kencana Kontraktor and PT Winatek Widita, saying that PGN had paid them $17.29 million short of what it was supposed to, according to a statement filed at the Jakarta Stock Exchange.

The court also ordered PGN to cover the arbitration costs estimated at $215,000 and the contractors’ expenditure on their legal service fees which are estimated to have cost them a total of $428,009.

The contractors group, called “the CRW Joint Operation”, worked on PGN’s $486 million project to construct a gas pipeline from Grissik to Pagardewa in South Sumatra, stretching a total of 195 kilometers, with the pipeline having been finished in late 2007. Wahid Sutopo, PGN corporate secretary, said that the state company had made different project fee calculations from the ones calculated by the CRW group.

According to CRW, PGN failed to pay fees based on 13 variation orders on the project.

“We, however, maintain our position that we have properly paid the project fees. Our legal advisers are now studying the ICC’s ruling before we go for further legal efforts against it,” Wahid said in a phone interview on Monday.

He further denied that the judgement ruled by the court and the payments stipulated by it would constitute a big hit on the company.

“Our current liquidity is healthy. As of September, we recorded Rp 13.5 trillion [$1.43 billion] in revenue while our equity stayed at Rp 10 trillion,” Wahid said.

The Grissik-Pagardewa link, currently in operation, is part of PGN’s pipeline network connecting gas fields in Sumatra to consumers on the heavily populated island of Java.

The pipeline, with a capacity of 400 million standard cubic feet per day (MMSCFD), connects the Grissik gas field operated by ConocoPhillips and the Pagardewa field operated by state oil and gas firm PT Pertamina.

Gas from both fields is then piped underwater to reach Cilegon, Banten before being distributed to industrial and household consumers in Greater Jakarta.

The gas from Sumatra was also channeled to power plants in Cilegon, Banten and Bekasi, West Java, Sutopo said.

In total, PGN operates more than 2,100 kilometers of gas pipelines and several distribution outlets with a capacity of 1,005 MMSCFD of gas. It has allocated $250 million for capital expenditure this year to build pipelines in West Java as well as for carryover payments for the South Sumatra-West Java pipeline and associated maintenance work

Following the news, PGN’s shares dropped 3.7 percent to close Monday at Rp 3,950. (bbs)

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Tuesday, December 08, 2009

Court orders PGN to pay $17m to partners

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