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Monday, 23 August 10
COAL FOR FAST-TRACK PROGRAM ASSURED
Antara and the Jakarta globe reported that, the coal supply for the government’s 10,000 megawatt “fast- track” program was assured, the head of the project’s coordinating team, Yoga Pratomo, said on Sunday, with domestic coal suppliers guaranteeing 95 percent of needs.
“Only 5 percent is still in the tender process and it will be finished soon,” he said during a media tour of the Labuan steam power plant, one of the plants in the fast-track program.
The program aims to increase the country’s electricity-generating capacity by 10,000Mw. Capacity is now well below demand, resulting in frequent rolling blackouts across the country.
Yoga said the supply contracts would last for 20 years.
He said the program, which is projected to be completed by 2013, required at least 30 million tons of coal a year.
The required coal was low in calories and cost $ 40 to 55 a ton.
“With such relatively low-priced coals, the cost of electricity production can be cheap,” Yoga said.
“I predict when the entire 10,000Mw fast-track program is finished there will be a saving of Rp 100 billion ($ 11.1 million) per day, or Rp 35 trillion per year, in electricity usage.”
Yoga said 50 percent of the coal supply needed for the project, or 15 million tons a year, would be supplied by local miner Arutmin, with the rest being supplied by Bara Mutiara Prima, Titan Mining Indonesia and Hanson Energi.
“So all of the coal needed for the project will be from domestic suppliers,” he added.
Yoga said that by the end of this year, 2,000Mw more power will be provided, with a further 4,300Mw coming on stream next year.
Last November the government asked domestic coal producers to set aside 30 percent of their output for 2010 for the fast- track program.
The Energy Ministry predicted that domestic demand for coal this year would be 65 million tons, of which 85 percent would be needed to run power plants throughout the country.
The government is limiting coal exports to 150 million tons this year to ensure supply during the upgrade.
The ministry predicted that production for this year would total 230 million tons.
Source: Antara / The Jakarta Globe
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Monday, 23 August 10
NOBLE RESOURCES AND PAN ASIA INK MAJOR COAL DEAL
Pan Asia Corporation Limited has, via Innovation West Pty Ltd, entered into a binding coal purchase & finance agreement with Noble Resources Pte ...
Monday, 23 August 10
THE FREIGHT MARKET IS EXPECTED TO BE FIRM FOR NEXT COUPLE OF WEEKS - VISTAAR SINGAPORE
COALspot.com: The BDI continued to rise this week by 11.67 pct with the other sectors also keeping the moment. The cape size index also was up by 11 ...
Friday, 20 August 10
JAKARTA TO HOST 9TH ASIA PACIFIC MINING CONFERENCE AND EXHIBITION IN OCTOBER
ASEAN Federation of Mining Association (AFMA), an association of mining groups in Southeast Asia, will hold the 9th Asia Pacific Mining Conference a ...
Friday, 20 August 10
OVERSEAS AND GENERAL SUBSIDIARY INKS US$52M JONGKANG COAL SALES CONTRACT - PROACTIVE INVESTORS
Proactive Investors reported that, overseas and General (ASX: OGL) has reported that its Indonesian majority owned subsidiary, PT OGL Indotrade, has ...
Friday, 20 August 10
POWER COS SEEK MINING PARTNERS TO BID FOR 1,920-MW PROJECT
"A joint venture between the Maharashtra and Tamil Nadu governments for a pit-head power project, has been allotted the biggest coal block yet ...
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- GMR Energy Limited - India
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
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- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
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- The State Trading Corporation of India Ltd
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- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Economic Council, Georgia
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- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
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- Bangladesh Power Developement Board
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
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- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
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- Wilmar Investment Holdings
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- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
- PTC India Limited - India
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Bhatia International Limited - India
- Planning Commission, India
- Siam City Cement - Thailand
- Minerals Council of Australia
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Malabar Cements Ltd - India
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- Central Java Power - Indonesia
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- Trasteel International SA, Italy
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- Australian Coal Association
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
- VISA Power Limited - India
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- CNBM International Corporation - China
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
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