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Saturday, 12 March 16
PLN, COAL COMPANIES IN TALKS ABOUT PRICES - THE JAKARTA POST
 Following a study that predicted that Indonesia would struggle to provide coal for its power stations in the near future, the government will facilitate negotiations between coal miners and electricity companies to set a coal price that is economically feasible for both parties.
Energy and Mineral Resources Minister Sudirman Said stated on Thursday that the set coal price should allow for companies to continue exploration but at the same time be economically feasible for electricity companies wanting to buy the coal for their power plants.
“The government should also play a role here. There will be a discussion process between [state-owned electricity company] PLN, the Indonesian Coal Mining Association [APBI] and IPPs [independent power producers] that use coal and we will then find a solution,” he said following a meeting with the Indonesian Chamber of Commerce and Industry (Kadin).
The government has continuously pushed to expedite a number of power plant projects under its ambitious 35,000 megawatt (MW) program, which is aimed at supporting the country’s economic growth.
Coal is expected to fulfil 66 percent of primary energy sources for the country’s power plants by 2024, which is equivalent to 361 gigawatt hours (GWh) output by coal-fired power plants.
However, a study conducted by APBI in cooperation with PricewaterhouseCoopers (PwC) Indonesia revealed that the country’s coal-fired power plants would not be able to provide the expected 20,000 MW for the next 25 to 30 years, based on current commodity prices.
The study, which surveyed 25 coal-mining companies, also showed coal-producer earnings before interest, tax, depreciation and amortization had dropped by 60 percent to US$2.6 billion in 2014 from $6.5 billion in 2011. It is expected to decrease by 16 percent in 2015.
Government data suggests that Indonesia had around 32.2 billion tons of coal reserves in 2014. However, the study showed that with coal prices declining throughout last year, only between 7.3 and 8.3 billion tons of that coal is economically viable to mine. The preliminary projection indicates that these reserves will be depleted by 2033-2036, forcing the country to start importing coal by 2030.
“Mining requires funds. If the price of coal is $50, while it costs $60 to mine, then the coal will automatically not be mined. It is as if we have a decrease in reserves,” APBI chairman Pandu P. Sjahrir said recently.
Coal prices have steadily declined over the past few years, amid oversupply and declining demand from major coal importer China.
Australia’s Newcastle coal price, an Asian benchmark, dropped to $53 per ton from a 2016 peak of $55.05 on March 1, as estimated by Reuters. Meanwhile, Indonesia’s coal reference price (HBA) this month has actually risen to $51.62 from February’s $50.92.
The report from the study recommended that the government set up a cost-based pricing system for coal, which would prevent the electricity prices from increasing.
“Based on our analysis, the government will have to pay some type of cost of insurance, which would be around 1 percent of the basic rate for new steam power plants, which will start operating in 2019, and 3 percent from the basic rates of power plants that had been built before,” APBI chaiman Pandu P. Sjahrir said.
The basic electricity rates for steam power plants that start operations in 2019 is around Rp 1,400 per kilowatt hour (kWh). If the cost of insurance is implemented, then the government will have to buy it for around Rp 1,414 per kWh.
Source: The Jakarta Post
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Wednesday, 24 February 16
PRIVATE EQUITY FUNDS LOOKING TO EXIT SHIPPING, MOST NOTABLY DRY BULK, AS OVERORDERING HAS RESULTED IN EXCESS TONNAGE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The injection of more than $13 billion in shipping from various private equity funds over the past few years has resulted in what many feared would ...
Wednesday, 24 February 16
THIRTEEN - NOT ALWAYS AN UNLUCKY NUMBER? - CLARKSONS
Back in early 1999 the price of a 5 year old Panamax bulkcarrier dipped to $13.5m, and ever since analysts have hailed purchase decisions made at t ...
Monday, 22 February 16
4200 GAR COAL INDEX SETTLES AT $27.02, DOWN 0.07% FROM LAST WEEK
COALspot.com: Average 5000 GAR coal index of Indonesian origin decline 0.17 percent week over week to averaging $38.89 per ton on this past Friday, ...
Monday, 22 February 16
FREIGHT MARKETS PICKED UP SLIGHTLY THIS PAST WEEK
COALspot.com: The freight markets picked up slightly this past week.
The Baltic Dry Index (BDI) of dry-bulk shipping freights, a measure of gl ...
Friday, 19 February 16
INDONESIAN HBA HITS A NEW LOWS BELOW $51 A TON AS OVERSUPPLY, LOW DEMAND WOES PERSIST
COALspot.com: Low coal demand and excess supplies sent Indonesian benchmark coal price further deep in February 2016. HBA has slumped second time t ...
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- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Baramulti Group, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- Essar Steel Hazira Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vedanta Resources Plc - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- The University of Queensland
- Africa Commodities Group - South Africa
- White Energy Company Limited
- Xindia Steels Limited - India
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Madhucon Powers Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement - Thailand
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Planning Commission, India
- Thiess Contractors Indonesia
- Ministry of Mines - Canada
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Parliament of New Zealand
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
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