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Saturday, 15 January 11
RISING PRICES, GOVERNMENT DECREE LEAVE PLN AT LOGGERHEADS WITH COAL FIRMS - THE JAKARTA GLOBE
The Jakarta Globe reported that, As coal prices continue to increase, state utility Perusahaan Listrik Negara faces problems in securing enough coal to meet power demands, a top executive said.
“We are in a dilemma now. The increasing price of coal is a real problem,” PLN chairman Dahlan Iskan said on Thursday.
High coal prices, he said, will in turn force the company to bear high operating costs.
Prices at Australia’s Newcastle port, a benchmark for Asia, rose 8 percent to $129.9 per metric ton as of Jan. 7, up from $119.47 per metric ton in December. The price of 6,322 cal/kg coal is $112.4 per metric ton, up from $103.4 per metric ton in December .
PLN has contracts with 53 suppliers to secure 55.8 million tons of coal to fuel its power plants, but Dahlan said it is at a crossroads with the rising prices.
Nur Pamudji, PLN’s director of primary energy, said it would demand producers honor the coal price stated in an Energy Ministry decree.
“The decree says that the price of coal in 2011 depends on 2010’s fourth-quarter average,” Nur said.
The average price in December was $103.4 per metric ton, but the Indonesian Coal Mining Association (APBI) said coal companies had no choice but to increase their prices.
“International coal prices keep increasing, so we have to sell according to global prices,” said the APBI’s executive director, Supriatna Suhala.
Harsh winter weather and floods in Australia caused coal prices to rise, Supriatna said, adding that prices could reach $120 per metric ton this year.
Fabby Tumiwa, an energy analyst from the Institute of Essential Services Reform, said PLN should recalculate its operational costs “because the assumptions are totally different from the state budget.”
PLN must raise electricity prices and demand more subsidies from the government, he said.
It will receive Rp 41.2 trillion ($4.6 billion) in electricity subsidies this year, down from Rp 55.1 trillion in 2010. “I think the government has to support PLN to keep it alive,” he said.
Source: The Jakarta Globe
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Tuesday, 08 February 11
PUSTAKA JAYA PALU POWER LOOKING FOR 5800 GAD COAL
COALspot.com - According to market information, PT Pustaka Jaya Palu Power, a power plant operator of the Mpanau plant, Palu, Sulawesi has invited c ...
Tuesday, 08 February 11
BAYAN, KANGAROO EXTEND DUE DILIGENCE
Coal miner controlled by businessman Dato' Low Tuck Kwong PT Bayan Resources Tbk (BYAN) and Australia-listed coal company Kangaroo Resources Limite ...
Tuesday, 08 February 11
DRY BULK: IS THE TIDE TURNING? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what could be perceived as a change of market sentiment for the better, the dry bulk industry’s benchmark, the Baltic Dry Index (BDI) poste ...
Monday, 07 February 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 13.03 PERCENT IN FEBRUARY 2011
COALspot.com - Indonesia’s Ministry of Energy and Mineral Resources has set the February 2011 Indonesian Coal Reference Price for therma ...
Monday, 07 February 11
COAL PRICES ON RISE: DEMAND FROM INDIA AND CHINA - ANALYZED SUNIL K KUMBHAT
INDONESIA IS HEART OF ASIAN COAL BOOM
COALspot.com - Rising demand of Coal from India and China, coupled with global financial recovery, is driv ...
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- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Bangladesh Power Developement Board
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Gujarat Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- Minerals Council of Australia
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- London Commodity Brokers - England
- Indika Energy - Indonesia
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- Australian Coal Association
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- Semirara Mining Corp, Philippines
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- SMG Consultants - Indonesia
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Kideco Jaya Agung - Indonesia
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Planning Commission, India
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
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