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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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Tuesday, 17 August 10
HANDIES AND SUPRAS WOKE UP AGAIN AFTER SEVERAL WEEKS OF LETHARGY - BRS
A spectacular increase in Cape size rates pushed the BDI up more than 20% this week, with demand for prompt tonnage in the Pacific causing a major s ...
Monday, 16 August 10
INDIA'S TNPL TO SUPPORT TNEB WITH COAL SUPPLIES
COALspot.com: TNPL to award 300,000 MT of coal supply contract to Nehel General Trading of India. Tamil Nadu state undertaking , Tamil N ...
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 ...
Sunday, 15 August 10
THE FREIGHT MARKET IS EXPECTED TO REMAIN FIRM - CAPT REDDY
COALspot.com: The BDI rose by almost 22 pct despite peak holiday season which is usually quite market , where as the BCI up sharply by 46 pct which ...
Saturday, 14 August 10
INDONESIAN THERMAL COAL PRICES EXPECTED TO MOVE UP IN SEPTEMBER 2010 - CHAIRMAN ICMA
COALspot.com: Indonesian Coal Mining Association is expecting, the Indonesian and international coal prices will increase, and will be reached ...
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- CIMB Investment Bank - Malaysia
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- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
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- Orica Mining Services - Indonesia
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- Chamber of Mines of South Africa
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- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
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- Altura Mining Limited, Indonesia
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- Standard Chartered Bank - UAE
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- Tamil Nadu electricity Board
- Tata Chemicals Ltd - India
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- The University of Queensland
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- Metalloyd Limited - United Kingdom
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- MS Steel International - UAE
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- Siam City Cement PLC, Thailand
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
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- Commonwealth Bank - Australia
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- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- Siam City Cement - Thailand
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- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- South Luzon Thermal Energy Corporation
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- Eastern Coal Council - USA
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- Iligan Light & Power Inc, Philippines
- Sojitz Corporation - Japan
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- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
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- Ambuja Cements Ltd - India
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- Sical Logistics Limited - India
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- Economic Council, Georgia
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- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
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- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
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- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
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- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Gujarat Sidhee Cement - India
- Electricity Authority, New Zealand
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- Directorate Of Revenue Intelligence - India
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- Wilmar Investment Holdings
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- Indonesian Coal Mining Association
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
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- Latin American Coal - Colombia
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
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