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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, 20 July 14
THE FREIGHT MARKET CONTINUED ITS DOWNWARD TREND
COALspot.com: The market continued its downward trend this week as all segments were down compared to last week. The Cape and Panamax indices being ...
Friday, 18 July 14
3RD CHINA INTERNATIONAL SHALE GAS SUMMIT
Building on the massive success of the past 2 shale gas programs that has generated huge success by attracting 500+ industry players, and intrig ...
Friday, 18 July 14
US WEEKLY COAL PRODUCTION UP BY 1.4% TO 18.3 MMST
COALspot.com – United States the world's second largest coal producer, produced approximately 18.3 million short tons (mmst) of coal in a ...
Thursday, 17 July 14
PANAMAX : MARKET HAS COOLED DOWN AGAIN TO LOW AND DEPRESSED LEVELS
Handy
The supra market remains pretty flat in the Atlantic while for the smaller sizes there has been little reported with ships chasing business ...
Thursday, 17 July 14
INDIAN GOVERNMENT WISE TO TAKE ADVANTAGE OF CURRENTLY LOW THERMAL COAL PRICES AND SHIPPING RATES - JEFFREY LANDSBERG
With thermal coal import prices (and also shipping rates) very low at present, India's government would be very wise to take advantage of curre ...
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- Standard Chartered Bank - UAE
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- Videocon Industries ltd - India
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- European Bulk Services B.V. - Netherlands
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- Chamber of Mines of South Africa
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- ICICI Bank Limited - India
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- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
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- Central Electricity Authority - India
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- McConnell Dowell - Australia
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- Toyota Tsusho Corporation, Japan
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- Renaissance Capital - South Africa
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- Orica Australia Pty. Ltd.
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- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
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- Sojitz Corporation - Japan
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- Billiton Holdings Pty Ltd - Australia
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- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
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- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
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- Banpu Public Company Limited - Thailand
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
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- PowerSource Philippines DevCo
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- Kobexindo Tractors - Indoneisa
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- Independent Power Producers Association of India
- Thai Mozambique Logistica
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- Deloitte Consulting - India
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- London Commodity Brokers - England
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- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
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- Georgia Ports Authority, United States
- India Bulls Power Limited - India
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- OPG Power Generation Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- The Treasury - Australian Government
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- Alfred C Toepfer International GmbH - Germany
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- Ministry of Mines - Canada
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