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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, 12 February 15
DRY BULK OWNERS SCRAP MORE VESSELS, AS MARKET REACHES HISTORICAL LOWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has reached historical lows this week, with the Baltic Dry Index (BDI) now trading at levels below operating expense levels for ...
Thursday, 12 February 15
INDONESIAN COAL PRICE REFERENCE INCHED DOWN 1.44% IN FEBRUARY
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down Indonesian coal bench mark price this month to US$ 62.92 pe ...
Thursday, 12 February 15
NEWBUILDING ORDERING ACTIVITY DRAGS ON, AS OWNERS ARE LOOKING FOR LOWER PRICES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Ship owners appear to be waiting for lower prices in their dealings with Asian shipyards, as the dry bulk market is at historical lows. According t ...
Wednesday, 11 February 15
DRY BULK MARKET REMAINED UNDER PRESSURE : STABILIZING CAPE MARKET HARDLY HELPED SENTIMENT
COALspot.com: The Dry Bulk market remained under pressure last week, while the stabilizing Cape market hardly helped sentiment.
Greece based s ...
Wednesday, 11 February 15
BDI HITTING THE ALL-TIME LOW; FFA MARKETS NOT SHOWING ANY POSITIVE SIGNS
With the BDI hitting the all-time low and with FFA markets not showing any positive signs for a possible recovery in the near future, pessimism is ...
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- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- Interocean Group of Companies - India
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- White Energy Company Limited
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- Planning Commission, India
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Bhushan Steel Limited - India
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- Port Waratah Coal Services - Australia
- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Star Paper Mills Limited - India
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
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