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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, 19 October 14
LOW DEMAND PUSHES DOWN COAL FREIGHT RATES; VOLATILITY CONTINUES
COALspot.com: This week all the segments softened including BDI except for Panamax index.
The BDI was down by1.70 pct and clsoed at 944 points ...
Friday, 17 October 14
INTERNATIONAL COAL PRICES ARE AT LOWEST LEVEL; COAL STOCKS AT INDIAN POWER PLANTS ARE ALSO AT LOWEST LEVEL
International coal prices as well as coal freights are falling and reaching to its lowest levels. According to PTI, fuel stockpiles at the thermal ...
Friday, 17 October 14
U.S. COAL PRODUCTION UP BY 3.6% WEEK - ON - WEEK
COALspot.com – United States the world's one of largest coal producers, produced approximately 19.20 million short tons (mmst) of coal in ...
Friday, 17 October 14
DRY BULK SHIPPING'S OUTLOOK NOW SHIFTING TO A LESS PROMISING ONE, SHIP PRICES EXPECTED TO FOLLOW SOON - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
China’s and other Asian countries’ return to the dry bulk market last week, didn’t trigger the hoped support towards the dry bulk ...
Thursday, 16 October 14
KOREA MIDLAND POWER TO BUY 490K MT OF LCV COAL FOR 1Q 2015
COALspot.com : Korea Midland Power Co., Ltd. has invited bids through International open bidding for 490,000 Metric Tons (MT) of LCV (Sub) Bitumino ...
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- Edison Trading Spa - Italy
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- Africa Commodities Group - South Africa
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- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
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- The State Trading Corporation of India Ltd
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- London Commodity Brokers - England
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- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
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- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
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- Wilmar Investment Holdings
- Electricity Authority, New Zealand
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- Samtan Co., Ltd - South Korea
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- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Agrawal Coal Company - India
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- Australian Coal Association
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Jaiprakash Power Ventures ltd
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
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- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
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- Globalindo Alam Lestari - Indonesia
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- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Minerals Council of Australia
- Central Electricity Authority - India
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Vizag Seaport Private Limited - India
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- Economic Council, Georgia
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- The University of Queensland
- Meralco Power Generation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Kalimantan Lumbung Energi - Indonesia
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
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- Thai Mozambique Logistica
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
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