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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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Sunday, 02 November 14
CAPE INDEX WAS UP 46.65% WEEK ON WEEK
COALspot.com: The BDI and Cape index continued the strong upward trend this week. The BDI was up 19.80 pct and Cape index was up by 46.65 per ...
Friday, 31 October 14
BUKIT ASAM'S NET PROFIT ROSE 27.42% FOR THE PERIOD JANUARY - SEPTEMBER 2014
COALspot.com: Publicly listed coal miner Bukit Asam reported solid profits in the first nine months of 2014 year.
Coal miner Bukit Asam manage ...
Friday, 31 October 14
U.S PRODUCED AROUND 19.3 MMST OF COAL IN A WEEK
COALspot.com – United States the world's one of largest coal producers, produced approximately 19.3 million short tons (mmst) of coal in ...
Thursday, 30 October 14
COAL & GRAINS SUPPORT PANAMAX AND IRON ORE SUPPORTS CAPES
Handy
The Atlantic market has been flat this week. Rates are up about US$ 200 from last week on the TA´s, but the volumes are about the sam ...
Thursday, 30 October 14
DOES A LOU ARBITRATION AGREEMENT FOR THE UNDERLYING CARGO CLAIM COMPLETELY REPLACE THE BILL OF LADING ARBITRATION CLAUSE? - INCE &CO
KNOWLEDGE TO ELEVATE
In the context of cargo claims brought under four bills of lading, the Commercial Court has recently considered whether a ...
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- Gujarat Sidhee Cement - India
- Siam City Cement PLC, Thailand
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- Electricity Generating Authority of Thailand
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
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- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Miang Besar Coal Terminal - Indonesia
- Grasim Industreis Ltd - India
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- Australian Coal Association
- Barasentosa Lestari - Indonesia
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- Kepco SPC Power Corporation, Philippines
- The University of Queensland
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- Petron Corporation, Philippines
- MS Steel International - UAE
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- Parliament of New Zealand
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- Indonesian Coal Mining Association
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- The State Trading Corporation of India Ltd
- Chamber of Mines of South Africa
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- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
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- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
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- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
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- Bayan Resources Tbk. - Indonesia
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- Gujarat Mineral Development Corp Ltd - India
- Economic Council, Georgia
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- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
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- Planning Commission, India
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- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
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- Makarim & Taira - Indonesia
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
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- Rio Tinto Coal - Australia
- Marubeni Corporation - India
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- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
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- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
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- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
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- Mintek Dendrill Indonesia
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- Jaiprakash Power Ventures ltd
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- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
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- Kaltim Prima Coal - Indonesia
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- Electricity Authority, New Zealand
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
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- Georgia Ports Authority, United States
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- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
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- South Luzon Thermal Energy Corporation
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- Australian Commodity Traders Exchange
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