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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, 31 August 10
CIL MAY SET UP POWER PLANT TO UTILIZE EXCESS COAL
The Economic Times reported that, the world's largest coal producer Coal India Ltd (CIL) said it may consider setting up power plants in the countr ...
Tuesday, 31 August 10
NALCO SEEKS STAKES IN INDONESIAN COAL MINES
Economic Times reported that, National Aluminium Co. Ltd said on Tuesday it wants to buy stakes in Indonesian coal mines to secure supplies fo ...
Tuesday, 31 August 10
CAPESIZE RATES ON VOLATILE MOVEMENT
With Monday a holiday for London’s stockmarket (Bank Holiday), the dry bulk market took a breather before presenting ship owners and charterer ...
Monday, 30 August 10
MUNDRA PORT BEGINS OPERATIONS AT NEW TERMINAL IN GUJARAT
Economic Times reported that, Adani group firm Mundra Port has commenced operations at its 20-million tonnes port at Dahej in Gujarat, the company s ...
Monday, 30 August 10
DRY BULK MARKET STABILIZES, ALBEIT AT A FALLING NOTE
The dry bulk market’s leading benchmark, the Baltic Dry Index (BDI) ended the week at 2712 points, a marginal weekly loss of 1.6% or 44 points ...
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- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Savvy Resources Ltd - HongKong
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
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- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
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- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
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- The University of Queensland
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- Indian Oil Corporation Limited
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- Aditya Birla Group - India
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- SMG Consultants - Indonesia
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- Oldendorff Carriers - Singapore
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- The Treasury - Australian Government
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- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
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- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- Parliament of New Zealand
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- New Zealand Coal & Carbon
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- Metalloyd Limited - United Kingdom
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
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- VISA Power Limited - India
- Independent Power Producers Association of India
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- Kohat Cement Company Ltd. - Pakistan
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- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
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- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
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- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
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- Mercuria Energy - Indonesia
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- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- Economic Council, Georgia
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
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- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
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- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- Australian Coal Association
- Price Waterhouse Coopers - Russia
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- PTC India Limited - India
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
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- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
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- Wilmar Investment Holdings
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- IEA Clean Coal Centre - UK
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