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Monday, 16 August 10
INDONESIA'S PLN SECURED COAL SUPPLIES, LESS IMPACT BY RAINS
COALspot.com: Indonesian State Electricity Company, PT Perusahaan Listrik Negara (PLN), has secured coal supplies for all of its power plants except Labuan plant. Labuan's coal stocks have fallen below the normal level.
Nur Pamudji, Director of Primary Energy PLN, said that PLN always keeps coal stocks enough for 30-day consumption. “Currently, most of the coal based power plants are having coal stocks for 30-day consumption, except the Labuan plant's stock has fallen below the normal level or stocks are enough only for 10-day consumption,” he said. Existing suppliers of Labuan plant have defaulted on their contractual commitment due to rains.
PLN has conducted spot tenders to procurement of coal in order to increase the stock at Labuan plant in Banten, which operates 2x300 mw plants.
PLN has called for a tender to supply total of 176,000 MT in four lots. 1st lot of 48,000 MT has already supplied in July 2010, the remaining two X 48,000 MT lots will be supplied within in this month and last lot of 32,000 MT by the end of August 2010.
According to Nur, PLN able to secured coal between Indonesian Rupiah 480.000 - 500,000 per ton which is below coal price reference. “The suppliers who have failed to supply cargo to Labuan plant under existing contract, will be punished as per contract term, even though the failure was due to bad weather” he further said.
-- Efendi --
To contact the reporter on this news: Efendi in Jakarta at efendi@coalspot.com
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Wednesday, 22 December 10
PEABODY ENERGY TO SOURCE INDONESIAN COAL FROM PT SUPRA BARA ENERGI (SBE) - COAL GEOLOGY
Coal Geology reported that, Peabody Energy has entered into an agreement to source coal from PT Supra Bara Energi (SBE), which will be sold on the e ...
Wednesday, 22 December 10
INDONESIAN COAL LOAD PORT WEATHER CONDITION AND DELAYS
COALspot.com - The several leading shipping agents in Indonesia, said due to rainy season in Indonesia, loading activities in coal loading ports hav ...
Wednesday, 22 December 10
COAL INDIA CLOSE TO BUYING 15% STAKE IN AUSTRALIAN MINE - ECONOMIC TIMES
Economic Times reported that, Coal India (CIL) is close to buying a stake between 10% to 15% in an Australian mine owned by Peabody, a US company.
...
Wednesday, 22 December 10
CAPESIZE FUTURES MARKET RATES ARE EXPECTED TO CONTINUE THEIR DRIFT DOWN IN 2011 - BRS
Nearly two months of weekly declines in the Baltic Capesize Index were finally halted last week with a small 1% increase Friday-to-Friday. The impro ...
Wednesday, 22 December 10
DRY BULK MARKET LOOKING FOR DIRECTION AMID HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market isn’t exhibiting a “festive” behavior, thus cheering ship owners and investors alike. Instead, the industry&rs ...
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