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Thursday, 21 November 19
INDONESIA PLANS TO KEEP $70/T COAL PRICE CAP FOR PLN, DMO - REUTERS
Indonesia’s energy minister Arifin Tasrif said his ministry plans to maintain a price cap on coal being sold to state electricity utility, PT Perusahaan Listrik Negara (PLN) next year.
 
The government capped the price of coal sold to PLN at $70 per tonne from early 2018 after the utility was told not to raise electricity tariffs for certain customers.
 
The price cap was aimed at shielding PLN from cost fluctuations.
 
PLN is expected to resume to adjusting its electricity prices every three months in 2020 for customers, such as industrial users.
 
Tasrif, who was appointed minister last month for Joko Widodo’s second presidential term, said he expects the coal price policy for PLN to remain unchanged.
 
“If we can maintain the price, why not,” he told reporters. “We need to maintain stability.”
 
When the price in Indonesian Coal Benchmark Price (HBA) drops below $70 per tonne, the domestic thermal coal price for power stations reverts to HBA.
 
The so-called domestic market obligation of 25% will also be kept, director general of coal and minerals Bambang Gatot Ariyono told reporters. The rules require coal miners to sell 25% of their output to domestic buyers such as PLN.
Source: Reuters 


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Thursday, 19 December 19
COAL POWER GENERATION CONTINUES TO DECLINE IN GERMANY: DESTATIS, XINHUA REPORTED
The volume of electricity generated in coal-fired power plants in Germany decreased “markedly” by 37 percent to 34 billion kilowatt-hou ...


Thursday, 19 December 19
BANGLADESH'S NBR CUTS VAT ON COAL IMPORT FOR POWER PLANTS - THE DAILY STAR
The National Board of Revenue (NBR) reduced value added tax on the import of coal for power plants to 5 percent from present 15 percent for five ye ...


Wednesday, 18 December 19
AVERAGE PRICES OF COAL IN 2018 WERE MORE THAN 60% HIGHER THAN IN 2016 - IEA
Coal use grew again in 2018.  Global coal demand increased by 1.1%, continuing the rebound that began in 2017 after three years of decline ...


Wednesday, 18 December 19
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