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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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Sunday, 31 January 16
BDI CONTINUED ITS FALL AND CLOSE AT A FRESH RECORD LOW ON FRIDAY
COALspot.com: The Baltic Dry Index, which gauges the cost of shipping dry bulk including iron ore, cement, grain, coal and fertilizer, continued it ...
Friday, 29 January 16
INDONESIAN BENCHMARK COAL PRICE SETTLES DOWN $ 0.31, OR 0.58%, AT $ 53.20 A TON
COALspot.com: Low coal demand and excess supplies sent Indonesian benchmark coal price further down in January 2016. HBA has slumped by 0.58 ...
Friday, 29 January 16
U.S. COAL PRODUCTION OFF 2 PERCENT FROM LAST WEEK - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 13.1 milli ...
Thursday, 28 January 16
COAL REMAINS THE NO.1 FUEL FOR POWER GENERATION - EXXONMOBIL
COALspot.com: Energy demand trends from 2010 to 2040 are expected to vary significantly around the world, as countries move along very different tr ...
Thursday, 28 January 16
WHAT ARE THE PROSPECTS FOR COAL IN LIGHT OF THE PARIS CLIMATE AGREEMENT? - GERMAN COAL IMPORTERS ASSOCIATION
This depends – says the VDKi – to a very great extent on who you want to believe more, the United Nations or the International Energy A ...
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- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
- OPG Power Generation Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- Borneo Indobara - Indonesia
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- ASAPP Information Group - India
- PNOC Exploration Corporation - Philippines
- VISA Power Limited - India
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- Videocon Industries ltd - India
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- The University of Queensland
- SMC Global Power, Philippines
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- Xindia Steels Limited - India
- Lanco Infratech Ltd - India
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Petron Corporation, Philippines
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
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