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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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Friday, 23 July 10
THE PANAMAX MARKET HAS CONTINUED ITS SLOW CLIMB - FEARNLEYS
Handy
Continued flat Atlantic markets and over-supply of tonnage across all segments on spot basis. Nevertheless there is more fresh enquiry on Co ...
Friday, 23 July 10
KPMG INDIA FACES COAL DEFICIT OF 50% OF EXPECTED POWER PLANT DEMAND, SAYS - BLOOMBERG
Bloomberg reported that, India may face a coal shortfall of 189 million metric tons a year by 2015, about 50 percent of the power sector’s exp ...
Thursday, 22 July 10
BERAUS IPO NEXT MONTH CAN BECOME THE LARGEST THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s fifth largest coal miner PT Berau Coal Energy Tbk will launch its initial public offering (IPO) ne ...
Thursday, 22 July 10
DRY BULK MARKET EDGES HIGHER, BUT RECOVERY IS SLOW
The dry bulk market’s recovery, which started last Friday has sustained its momentum thus far, but the pace of it seems to be an agonizing one ...
Wednesday, 21 July 10
CHARTER RATES FOR BIG SHIPS GO INTO FREEFALL
It is reported that concerns over the slowdown in the mainland construction sector posturing over ore price negotiations and a general summer slowdo ...
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- Bulk Trading Sa - Switzerland
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- Singapore Mercantile Exchange
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- IHS Mccloskey Coal Group - USA
- Tata Chemicals Ltd - India
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- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
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- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- The Treasury - Australian Government
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- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
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- White Energy Company Limited
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- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Billiton Holdings Pty Ltd - Australia
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- MS Steel International - UAE
- Wilmar Investment Holdings
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- Siam City Cement PLC, Thailand
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- Heidelberg Cement - Germany
- India Bulls Power Limited - India
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- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
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- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
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- Cigading International Bulk Terminal - Indonesia
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
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- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
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- PowerSource Philippines DevCo
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- The University of Queensland
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- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
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- Energy Link Ltd, New Zealand
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- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
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- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
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- Binh Thuan Hamico - Vietnam
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- Australian Coal Association
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- Coal and Oil Company - UAE
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- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Jindal Steel & Power Ltd - India
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