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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, 18 June 09
INDIKA GETS APPROVAL ON PETROSEA ACQUISITION
PT Indika Energy, the country’s third-biggest miner, said on Wednesday that its shareholders had approved its plan to acquire an 81.95 percent ...
Thursday, 18 June 09
MORE FUNDS FOR COAL VIDESH ASSET BUY
The government plans to let Coal Videsh, a subsidiary of Coal India, have more than Rs 1,000 crore at its disposal to shop for assets abroad.
&ld ...
Wednesday, 17 June 09
MINE EXPLOSION'S DEATH TOLL HITS 30 - (UPDATE 1 )
Search and rescue workers have discovered the bodies of 30 miners who were killed in a coal mine explosion in the West Sumatra regency of Sawahlunto ...
Wednesday, 17 June 09
S.KOREA UTILITIES INK '09 COAL CONTRACTS WITH CHINA
* S.Korea to buy 3 mln tonnes of coal from China at $78.50/T
* Talks between individual power firms and miners ongoing
South Korean utilities ...
Wednesday, 17 June 09
MINE BLAST KILLS NINE, BURIES DOZENS
A major mine explosion near Sawahlunto city, West Sumatra, Tuesday, killed at least nine people while more than 30 were buried and are feared ...
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- Merrill Lynch Commodities Europe
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- Samtan Co., Ltd - South Korea
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- Australian Coal Association
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- India Bulls Power Limited - India
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- Semirara Mining and Power Corporation, Philippines
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- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
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- Romanian Commodities Exchange
- Latin American Coal - Colombia
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- ICICI Bank Limited - India
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- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
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- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
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- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Global Coal Blending Company Limited - Australia
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
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- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Wilmar Investment Holdings
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- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
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- Karbindo Abesyapradhi - Indoneisa
- Jindal Steel & Power Ltd - India
- Oldendorff Carriers - Singapore
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- Mercator Lines Limited - India
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- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Directorate General of MIneral and Coal - Indonesia
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- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
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- Economic Council, Georgia
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- Indonesian Coal Mining Association
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- CNBM International Corporation - China
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- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
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