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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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Tuesday, 26 November 19
PREPARATIONS INTENSIFY AS 1 JANUARY 2020 GLOBAL CUT IN SULPHUR IN SHIP'S FUEL OIL LOOMS: IMO
“IMO 2020” requirements for ships to cut sulphur oxide emissions enter into effect in just over one month’s time. This will signi ...


Monday, 25 November 19
COAL SUPPLY BY CIL TO POWER SECTOR DROPS OVER 8 PC TO 253 MT IN APRIL-OCTOBER - PTI
Supply of coal by state-owned CIL to the power sector registered a decline of 8.5 per cent to 253 million tonnes in the April-October period of thi ...


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Monday, 25 November 19
KOWEPO INVITED 6.79 MILLION TONS OF (SUB)BITUMINOUS STEAM COAL BIDS
COALspot.com: South Korea’s Korea Western Power Co., Ltd. (KOWEPO) has issued an international tender for 6,798,000 tons of coal for 5 years ...


Friday, 22 November 19
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remained flat during the past week.   The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...


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