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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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Wednesday, 26 May 10
ADANI GROUP EYES AFRICA FOR COAL MINING PROJECTS
India Info Line reported that, After acquiring coal mines for importing Indonesian coal to run its thermal power plants in the country, the Adani Gr ...
Wednesday, 26 May 10
DRY BULK MARKET SHOOTS UP, CLOSES IN ON POST-CRISIS ERA HIGHS
In an opposite trend than that of the previous week, the Baltic Dry Index (BDI), a benchmark for tracking costs to haul commodities at sea, shot up ...
Wednesday, 26 May 10
BUMI TO CUT UP TO USD 1 BILLION DEBT IN 12 MONTHS
Press Release : PT Bumi Resources Tbk. announced yesterday that it has revived its intent to issue non preemptive shares and added this to the agend ...
Tuesday, 25 May 10
COAL PRODUCTION MAY REACH 320 MILLION TONS THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal miners expect to produce as much as 320 million tons of coal this year, an increase of nearly 7 perc ...
Tuesday, 25 May 10
KALIMANTAN COAL RAIL PROJECT RUNS INTO COST DELAY - THE JAKARTA GLOBE
The Jakart globe reported that, A$1.5 billion coal rail and port project planned for Central Kalimantan may be delayed by a year after a review of t ...
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- Kumho Petrochemical, South Korea
- Jindal Steel & Power Ltd - India
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- Australian Commodity Traders Exchange
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- Samtan Co., Ltd - South Korea
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- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Coal and Oil Company - UAE
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- Marubeni Corporation - India
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- Cigading International Bulk Terminal - Indonesia
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- Planning Commission, India
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- Maheswari Brothers Coal Limited - India
- Independent Power Producers Association of India
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- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
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- Borneo Indobara - Indonesia
- Minerals Council of Australia
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- Price Waterhouse Coopers - Russia
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- Indian Energy Exchange, India
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- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- SMC Global Power, Philippines
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- Banpu Public Company Limited - Thailand
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- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
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- Kobexindo Tractors - Indoneisa
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- Wilmar Investment Holdings
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- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
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- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
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- Bayan Resources Tbk. - Indonesia
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- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
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- Goldman Sachs - Singapore
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- Central Java Power - Indonesia
- Bulk Trading Sa - Switzerland
- GAC Shipping (India) Pvt Ltd
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- European Bulk Services B.V. - Netherlands
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- Edison Trading Spa - Italy
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- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
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- Africa Commodities Group - South Africa
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- Intertek Mineral Services - Indonesia
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- Karbindo Abesyapradhi - Indoneisa
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- TeaM Sual Corporation - Philippines
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- MS Steel International - UAE
- Commonwealth Bank - Australia
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- Sical Logistics Limited - India
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- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
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