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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, 17 February 14
Q1 2015 COAL SWAPS CLOSED $ 2.21 HIGHER THAN Q2 2014 SWAPS
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 delivery lost 3.16 percent month on month and closed at US$ 76.12 per mt as o ...
Sunday, 16 February 14
SUPRAMAX : THE FAR EAST/SE ASIA CHARTER RATES FIRMED UP
COALspot.com: The freight market had a mixed reaction this week with BDI increased by 1.37 pct and closing at 1106 points on Valentine day. The cape ...
Friday, 14 February 14
US COAL PRODUCTION STILL SLIPPING
COALspot.com – United States the world’s second largest coal producer, produced approximately 17.9 million short tons (mmst) of coal in ...
Thursday, 13 February 14
PANAMAX : NOT ENOUGH REQUIREMENTS TO KEEP THE ATLANTIC MARKET FLOATING - FEARNLEYS AS
Handy
After the Chinese holidays the week started on a positive note. Owners are talking higher rates but chrtrs are still somehow reluctant to mov ...
Thursday, 13 February 14
DRY BULK MARKET FACES BETTER PROSPECTS ON THE BACK OF IMPROVING DEMAND AND SUPPLY BALANCE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has started off the New Year on the "left foot", with the strong finish of 2013 proving to be unsustainable, on the ba ...
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- Xindia Steels Limited - India
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
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- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- Cement Manufacturers Association - India
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
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- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
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- Indonesian Coal Mining Association
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- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
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- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- Australian Coal Association
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- Globalindo Alam Lestari - Indonesia
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- Uttam Galva Steels Limited - India
- Directorate Of Revenue Intelligence - India
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- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- Agrawal Coal Company - India
- Planning Commission, India
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- White Energy Company Limited
- ICICI Bank Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
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- Economic Council, Georgia
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- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
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- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
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- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
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- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
- The University of Queensland
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- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- New Zealand Coal & Carbon
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Coastal Gujarat Power Limited - India
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- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
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- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
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