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Wednesday, 23 December 09
INDONESIA POWER CHIEF TO BUILD PLANTS OUTSIDE JAVA
 Indonesia's state electricity firm plans to build new power plants outside Java island with a combined capacity of around 2,000 megawatts to resolve chronic power shortages, the firm's newly appointed head said on Wednesday.
Dahlan Iskan, a 58-year-old media tycoon who also operates a small power plant in East Kalimantan, replaces Fahmi Mochtar as president director of PT Perusahaan Listrik Negara (PLN) after criticism over power shortages in the capital and other areas.
PLN operates around 25,000 MW of electricity, but most of its plants are old, so daily output is far below capacity.
"We plan to boost electricity generation outside Java, because they have already had shortages for years," Iskan told reporters after a ceremony to mark his appointment.
He said that the new small-scale coal-fired power stations with a combined capacity of around 2,000 MW would be built in areas such as Kalimantan and Sulawesi.
The administration of President Susilo Bambang Yudhoyono had put pressure on Mochtar, who was appointed in March last year, to increase power capacity after frequent blackouts across much of the archipelago.
Local media has been reporting for some time that Mochtar would go and Indonesia's state enterprises minister Mustafa Abubakar said the replacement of the president and other directors at PLN was aimed at refreshing management.
"We evaluated the board of directors of PLN and as a result we decided we needed new management to develop the company further," Abubakar said.
Yudhoyono has previously criticised PLN management for failing to respond to pressure from the regions to build new power plants.
The government has launched two crash programmes to increase power generation because Southeast Asia's biggest economy faces chronic power shortages after years of under investment.
The first crash programme aims to add 10,000 MW of coal-fired power stations to meet electricity demand that officials say is growing at around 10 percent a year.
The second phase, due to start next year, aims to tap more alternative sources of energy such as geothermal to meet rising power demand and cut consumption of expensive crude oil as reserves dwindle.
PLN plan to tender for power projects worth $2.3 billion next year under the second phase of the 10,000 MW programme with nearly half, or 4,733 MW, due to come from geothermal.
Source: Reuters / Muklis Ali
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Wednesday, 13 January 10
SOUTH AFRICA STEAM COAL PRICE FALLS SHARPLY
Reuters reported that South African physical coal prices fell sharply on Tuesday with a March cargo trade at USD 87.5 a tonne FOB Richards Bay and d ...
Wednesday, 13 January 10
ADHUNIK GROUP TO BUY 50 PCT IN AUSTRALIA MINE
The Adhunik group of Industries is in talks to acquire 50 percent in an Australian coking coal mine for $100 million, the Economic Times reported on ...
Wednesday, 13 January 10
COAL MARKETS 2010 CONFERENCE - SINGAPORE, 28 - 29 JANUARY 2010
COALspot.com (Press Release): As an established annual event that has been running for more than 7 years now with extensive industry support from ke ...
Wednesday, 13 January 10
IRON ORE PRICE TIPPED TO RISE 40PC, SAYS ANZ
THE price battle in the controversial iron ore negotiations is expected to intensify.
ANZ senior commodities analyst Mark Pervan has increased h ...
Wednesday, 13 January 10
KANGAROO RESOURCES KICKS OFF INDONESIAN COAL PRODUCTION
Coal-focused company Kangaroo Resources has formally joined the ranks of international coal operators after wrapping up the delivery and sale o ...
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- Rio Tinto Coal - Australia
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- European Bulk Services B.V. - Netherlands
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
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- Energy Link Ltd, New Zealand
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- Coalindo Energy - Indonesia
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- Eastern Energy - Thailand
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- The State Trading Corporation of India Ltd
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- Mintek Dendrill Indonesia
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- Australian Coal Association
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- Simpson Spence & Young - Indonesia
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- Price Waterhouse Coopers - Russia
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- Wood Mackenzie - Singapore
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- Therma Luzon, Inc, Philippines
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