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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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Thursday, 21 January 10
HANDYMAX - SHORT PERIOD OWNERS IDEAS ARE AROUND MID/LOW 20S - FEARNLEYS AS
HANDY
The BSI moved in a downward direction since last Friday reflecting minor a ...
Thursday, 21 January 10
ASF GROUP TO COMMENCE COAL SALES TO CHINA BY FEBRUARY 2010
Sydney-based China energy and resource conduit, ASF Group has struck an agreement to supply coal to China.
In September 2009, ASF announced a ven ...
Thursday, 21 January 10
INDONESIA BUKIT ASAM AGREES ON LOWER COAL PRICE
Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk has agreed with a local power plant to set 2010 coal prices at 23 percent lower than ...
Thursday, 21 January 10
CABOTAGE POLICY POSTPONED
The Transportation Ministry has decided to postpone for one year the full enforcement of the cabotage principle – a maritime term for the proh ...
Thursday, 21 January 10
MEC IN TALKS WITH TATA POWER ON COAL - TRADE
The UAE's Middle East Coal is in talks to supply coal to Tata Power, India's biggest private sector power firm, from its new Indonesian operations ...
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- Siam City Cement - Thailand
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- Holcim Trading Pte Ltd - Singapore
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- IEA Clean Coal Centre - UK
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- Sical Logistics Limited - India
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- New Zealand Coal & Carbon
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- Parliament of New Zealand
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- Maheswari Brothers Coal Limited - India
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- Coalindo Energy - Indonesia
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- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
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- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Planning Commission, India
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- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
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- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
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- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
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- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
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- Jindal Steel & Power Ltd - India
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- Electricity Authority, New Zealand
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- Tamil Nadu electricity Board
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- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
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- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
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- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
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- Globalindo Alam Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Thai Mozambique Logistica
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- Neyveli Lignite Corporation Ltd, - India
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- Indonesian Coal Mining Association
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- Eastern Energy - Thailand
- GMR Energy Limited - India
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- Rashtriya Ispat Nigam Limited - India
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- Bulk Trading Sa - Switzerland
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- SMC Global Power, Philippines
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- Ministry of Mines - Canada
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- Jaiprakash Power Ventures ltd
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- Australian Coal Association
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- Chamber of Mines of South Africa
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- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
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- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- White Energy Company Limited
- Deloitte Consulting - India
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Thiess Contractors Indonesia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Karaikal Port Pvt Ltd - India
- The University of Queensland
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- Australian Commodity Traders Exchange
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