JAKARTA, 26 September 2006 - The Indonesian government is likely to sell up to 10 state-owned enterprises next year in its major privatization drive, which seeks to cut state losses from inefficient and subsidy-reliant state firms, an official said Monday. The government has named six to 10 companies ready for privatization next year. "We are awaiting a presidential decree on the establishment of the privatization team," said Said Didu, secretary for the minister for state-owned enterprises.

At last four state companies have been declared "technically" ready for privatization, including construction firm Wijaya Karya, toll road operator Jasa Marga, power plant operator Indonesia Power and Bank Tabungan Negara. The government has targeted revenues of 3.3 trillion rupiah (282 million euro) from its privatization drive in 2007. Indonesia has 138 state-owned enterprises, for which Vice President Jusuf Kalla has repeatedly announced a plan to halve the number.

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