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Thursday, 13 January 11
SURGING COAL PRICES UNDERMINE PLN'S EFFICIENCY PROGRAM - THE JAKARTA POST
The Jakarta Post reported that, The soaring global coal prices are undermining state electricity company PT PLN's pledge to improve its operational efficiency by cutting its dependency on oil-based fuels and boosting coal usage to fire its power plants.
PLN president director Dahlan Iskan said Thursday that currently, surging coal prices had posed the most dangerous threat to his company as it would increase the company's operational costs and affect the electricity tariff rate.
“Increased coal prices hugely influence PLN's operational costs. We have to buy coal at international market prices although Indonesia is among the largest coal producers in the world,” he said over the phone.
Dahlan added that climbing coal prices might “influence people as a whole”, but declined to explain whether the company would raise the basic electricity tariff to deal with ballooning operational costs.
“Now, we're focusing our energy on finding solutions to prevent the negative impacts of high coal prices,” he said.
The Indonesian Coal Mining Association (APBI) forecasts that domestic coal consumption may reach 78 million tons in 2011. Of that amount, 50 million tons of coal will be utilized to fire PLN's power plants across the country.
According to the Oil and Gas Directorate General at the Energy and Mineral Resources Ministry, the coal reference price stands at US$112 per ton, up 8.6 percent from $103.41 per ton in December.
APBI executive director Supriatna Suhala predicted that the price would stay at between $120 and $130 this year.
Source: The Jakarta Post
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Tuesday, 19 April 11
LONDON COMMODITY BROKERS OPENS JOHANNESBURG OFFICE
COALspot.com - London Commodity Brokers (LCB), a broking house specialising in bulk physical and Over-The-Counter commodities and options (coal ...
Tuesday, 19 April 11
TNPL TO CONDUCT E-AUCTION TO SECURE 160,000 MT OF COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL) a state utility of Tamil Nadu, India to conduct reverse auction on 20 April 2011, betw ...
Tuesday, 19 April 11
ADARO TO ALLOT US$100 MIO FOR COKING COAL - INSIDER STORIES
One of Indonesia's largest coal miner PT Adaro Energy Tbk (ADRO) plans to spend US$100 million in coking coal project dubbed IndoMet Coal, a joint ...
Tuesday, 19 April 11
KPCL TO OPEN PRICE BID ON 23 APRIL 2011 TO FINALIZE ITS ONE MILLION MT COAL SUPPLIER
COALspot.com - Karnataka Power Corporation (KPCL) a state utility of Karnataka, India called for open tender for supply of one million tons of 6300 ...
Monday, 18 April 11
INDONESIA HAS SET THE APRIL 2011 COAL REFERENCE PRICE FOR THERMAL COAL AT US$ 122.02 PER TON
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the April 2011 Indonesian Coal Reference Price for thermal coal at ...
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- European Bulk Services B.V. - Netherlands
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- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
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- Standard Chartered Bank - UAE
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- Eastern Energy - Thailand
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- Parliament of New Zealand
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- Bulk Trading Sa - Switzerland
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- Karaikal Port Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
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- Timah Investasi Mineral - Indoneisa
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- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
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- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
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- White Energy Company Limited
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- Price Waterhouse Coopers - Russia
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- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
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- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
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- Makarim & Taira - Indonesia
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- Banpu Public Company Limited - Thailand
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- Coal and Oil Company - UAE
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- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
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- Oldendorff Carriers - Singapore
- Renaissance Capital - South Africa
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Deloitte Consulting - India
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- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
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- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
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- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
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- Electricity Generating Authority of Thailand
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- Siam City Cement PLC, Thailand
- Kohat Cement Company Ltd. - Pakistan
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- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- Planning Commission, India
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- Jorong Barutama Greston.PT - Indonesia
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- SN Aboitiz Power Inc, Philippines
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- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
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- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
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