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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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Friday, 19 December 14
HOW WILL LOWER BUNKER PRICES AFFECT THE SUBSTANTIAL OVERCAPACITY IN DRY BULK MARKET? - BIMCO
As bunker fuel costs have come down from USD 600 per tonnes to USD 330 per tonnes in the past 6 months, much talk about increased ship speed have s ...
Friday, 19 December 14
U.S WEEKLY COAL PRODUCTION REACHED APPROXIMATELY 19.8 MMST; UP 1.0% WOW
COALspot.com – United States the world's one of the largest coal producers, produced approximately 19.8 million short tons (mmst) of coal ...
Friday, 19 December 14
HANDY: SOFTER TONE; PANAMAX: QUIET WEEK; CAPESIZE; PAINFUL WEEK
Handy
A softer tone for rates and volumes for the Supras, perhaps less apparent in the Pacific the last week before the season holidays and good ...
Thursday, 18 December 14
INDONESIA TO REVISE UP COAL OUTPUT TARGET TO 460 MILLION TONS IN 2015
COALspot.com: Indonesian government has revised up its next year coal output forecast to 460 million tons from its previous forecast of 421 million ...
Wednesday, 17 December 14
CAPES RATES SLIPPED BELOW $5,600/DAY, FELL 84% YOY
COALspot.com: In the very rare occurrence when the BCI stands below the BDI, words to describe market sentiment are probably poor, said Intermodal ...
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- Mintek Dendrill Indonesia
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- Sojitz Corporation - Japan
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- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
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- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- CNBM International Corporation - China
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
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- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
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- PetroVietnam Power Coal Import and Supply Company
- The University of Queensland
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
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- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
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- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
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- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
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- Price Waterhouse Coopers - Russia
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- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
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- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Planning Commission, India
- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
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- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
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- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
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- Ministry of Transport, Egypt
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- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
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- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
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- VISA Power Limited - India
- Ambuja Cements Ltd - India
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- Parliament of New Zealand
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Merrill Lynch Commodities Europe
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- Larsen & Toubro Limited - India
- White Energy Company Limited
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
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