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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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Saturday, 07 July 12
EXCESS SUPPLY & WEAK DEMAND KEEP COAL PRICES LOW
COALspot.com - SGX AsiaClear OTC Coal Swaps for August and Q4 deliveries slipped slightly this week. SGX’s Indonesian sub-bituminous coal swap ...
Saturday, 07 July 12
BALTIC INDEX UP ON STRONG CAPE, PANAMAX RATES - VISTAAR
COALspot.com - This week all the segments were firmed up with BDI up by 15.23 pct (up by 153 points) closing at 1,157 points.
The cape index also ...
Saturday, 07 July 12
DRY BULK MARKET NOT ABLE TO FIND SOLID GROUND SAY EXPERTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the second half of each, traditionally looking the most active one, especially in terms of newbuildings being delivered, it's highly unlikely ...
Thursday, 05 July 12
GOVT GETS READY FOR $1.8B SUIT - THE JAKARTA POST
The Jakarta Post, one of the leading Indonesian English new papers reported that, several ministries and the Attorney General’s Office held a ...
Thursday, 05 July 12
DRY BULK MARKET MOVES FURTHER UP THE HILL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept its growth momentum by the middle of the week, as the BDI (Baltic Dry Index) rose by an additional 40 points to 1,103 p ...
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- Kalimantan Lumbung Energi - Indonesia
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- Star Paper Mills Limited - India
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- MS Steel International - UAE
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- Maharashtra Electricity Regulatory Commission - India
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- Meralco Power Generation, Philippines
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- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
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- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
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- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
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- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
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- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
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- Gujarat Sidhee Cement - India
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- Singapore Mercantile Exchange
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- Standard Chartered Bank - UAE
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- Meenaskhi Energy Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- OPG Power Generation Pvt Ltd - India
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- ICICI Bank Limited - India
- New Zealand Coal & Carbon
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- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
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- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
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- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Independent Power Producers Association of India
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- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- Agrawal Coal Company - India
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- Power Finance Corporation Ltd., India
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