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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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Monday, 14 April 14
CHINA'S MEASURES TO STIMULATE ECONOMY'S GROWTH COULD OFFER ROOM FOR STABILITY IN SHIPPING MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Since the outbreak of the 2008-crisis, the shipping industry, in most of its aspects, i.e. dry bulk and tanker markets alike, has been dealing w ...
Sunday, 13 April 14
INDONESIA TO INDIA FREIGHT MARKET DECLINE CONTINUES
COALspot.com: The freight market continued to drop this week and BDI almost touched 1000 points. BDI closed at 1002 points fell 16.85 pct week o ...
Saturday, 12 April 14
HOW DO YOU CALCULATE LOSS OF EARNINGS FOLLOWING A COLLISION? - INCE & CO
KNOWLEDGE TO ELEVATE
The recent case of Astipalaia vs Hanjin Shenzhen [2014] EWHC 120 (Admlty) has revisited the existing case law on asses ...
Friday, 11 April 14
US COAL PRODUCTION IN MARCH INCREASED 9.69% TO 82.6 MMST MONTH ON MONTH
COALspot.com – United States the world's second largest coal producer, produced approximately 19.10 million short tons (mmst) of coal ...
Thursday, 10 April 14
DRY BULK MARKET IS RISING CLAIMS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the recent fall of the Baltic Dry Index (BDI), when one compares the first quarter of 2014, to similar quarters of the recent past, it i ...
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- Tata Chemicals Ltd - India
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- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
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- Tamil Nadu electricity Board
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- Wilmar Investment Holdings
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
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- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
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- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
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- Minerals Council of Australia
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- Antam Resourcindo - Indonesia
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- Power Finance Corporation Ltd., India
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- Alfred C Toepfer International GmbH - Germany
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- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
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- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
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- Planning Commission, India
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- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- Economic Council, Georgia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Bangladesh Power Developement Board
- The University of Queensland
- Independent Power Producers Association of India
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- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
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- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
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- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
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- Parry Sugars Refinery, India
- Parliament of New Zealand
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- The State Trading Corporation of India Ltd
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- Merrill Lynch Commodities Europe
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- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
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- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
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- Directorate Of Revenue Intelligence - India
- White Energy Company Limited
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- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Posco Energy - South Korea
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
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- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Siam City Cement - Thailand
- Bukit Makmur.PT - Indonesia
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- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- Riau Bara Harum - Indonesia
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- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
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- Electricity Generating Authority of Thailand
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- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Kartika Selabumi Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
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- Holcim Trading Pte Ltd - Singapore
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