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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, 20 May 15
TANKER MARKET INSIGHT - JOHN N. COTZIAS
Since Early October 2014 the tanker market has been experiencing a very positive momentum and has continued its strong performance so far in 2015. ...
Wednesday, 20 May 15
FOB RICHARDS BAY COAL SWAPS GAINED M-O-M, W-O-W
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q3' 2015 increased month over month and week over week.
The Q3 swap has increas ...
Wednesday, 20 May 15
BUKIT ASAM'S AVERAGE EXPORT PRICE WAS UNDER PRESSURE DURING Q1
COALspot.com: Indonesia’s state owned coal producer saw their profits fall in the first quarter of the year compared to the same period last ...
Wednesday, 20 May 15
IRON ORE PRICES TO REMAIN WEAK ON LOW DEMAND, HIGH OUTPUT - FITCH
Iron ore prices will stay low for several years due to increasing supply, weak demand growth in China and the slower-than-expected closure of high- ...
Tuesday, 19 May 15
KOMIPO IS SEEKING TOTAL 2.34 MMT OF HCV AND LCV COAL FOR 2015 - 2017
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued an new tender to buy total 2.34 million Metric Tons (MT) of HCV ...
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- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Planning Commission, India
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
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- Thai Mozambique Logistica
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- Indian Oil Corporation Limited
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- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
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- Economic Council, Georgia
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
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- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
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- CIMB Investment Bank - Malaysia
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- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- VISA Power Limited - India
- Parliament of New Zealand
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- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
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- Cement Manufacturers Association - India
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- Directorate General of MIneral and Coal - Indonesia
- Heidelberg Cement - Germany
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- Indo Tambangraya Megah - Indonesia
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- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
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- Renaissance Capital - South Africa
- McConnell Dowell - Australia
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- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Port Waratah Coal Services - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
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- The Treasury - Australian Government
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- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
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- Pipit Mutiara Jaya. PT, Indonesia
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- Samtan Co., Ltd - South Korea
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- Makarim & Taira - Indonesia
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- PetroVietnam Power Coal Import and Supply Company
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- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
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