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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, 14 January 15
DRY BULK MARKET NOTED ANOTHER WEEKLY DECLINE - INTERMODAL
COALspot.com: The Dry bulk market noted another weekly decline on Friday, with the performance of the Capesize market still weighing down on the re ...
Wednesday, 14 January 15
MARKET INSIGHT - TIMOS PAPADIMITRIOU
In Oil we trust! The Barrel price has declined by almost a third in comparison to the 2014 January and has being on the downhill since early last s ...
Wednesday, 14 January 15
COMMODITIES AREN'T PRIMED FOR A REBOUND DURING 2015: SHIPPING COULD BENEFIT FROM LOWER PRICES - ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In the recent past, higher commodity prices were driven by an increase in demand from developing countries, which spelled good news for ship owners ...
Wednesday, 14 January 15
SUB-BIT FOB INDONESIA COAL SWAP FOR Q1 DELIVERY CLOSED AT US$ 46.97 PMT
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 declined month on month and week over week.
The Q1 swap has fell US$ 1.53 (-3.15 ...
Wednesday, 14 January 15
Q4' 15 FOB NEWCASTLE COAL SWAP CLOSED 4.51% LOWER COMPARED TO Q1' 15 PRICE
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery lost US$ 1.56 per MT (-3.0%) month over month and US$ 1.03 (-2.0%) week ove ...
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- Indian Energy Exchange, India
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- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
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- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Sical Logistics Limited - India
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- Pendopo Energi Batubara - Indonesia
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- PowerSource Philippines DevCo
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- Tamil Nadu electricity Board
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- Metalloyd Limited - United Kingdom
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- Planning Commission, India
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- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
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- Coal and Oil Company - UAE
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
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- Central Electricity Authority - India
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- Energy Link Ltd, New Zealand
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- AsiaOL BioFuels Corp., Philippines
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- IHS Mccloskey Coal Group - USA
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- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
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- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
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- Eastern Energy - Thailand
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- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
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- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- Wilmar Investment Holdings
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
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- Bahari Cakrawala Sebuku - Indonesia
- Samtan Co., Ltd - South Korea
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- GAC Shipping (India) Pvt Ltd
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- European Bulk Services B.V. - Netherlands
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