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Wednesday, 21 July 10
BUKIT ASAM SEALS RP900 BIO COAL DEAL

 

Souce: Insider Stories


Insider Stories reported that, State-Owned coal producer PT Tambang Batubara Bukit Asam Tbk (PTBA) have agreed to supply 1.85 million tons of coal worth of Rp 900.50 billion (US$ 99,502,762) to two power plants this year. 

In a press release today, Bukit Asam's Corporate Secretary said under the coal contracts agreement, Bukit Asam committed to supply coal to two power plants PLTU Tarahan in Lampung and PLTU Bukit Asam, South Sumatra.  

"The Coal price for supply to PLTU Tarahan has been agreed 8.6% higher than previous or Rp 570,000 (US$ 62.98)  per ton. Bukit Asam has to supply of 750,000 tons of coal with calorific Value of 5,000 kcal/kg on GAR  basis" he said.

According to him, Bukit Asam also agreed to increase coal price of 5.5% to Rp 430,000 (US$ 47.51) per ton. The company will supply 1.1 million tons of coal with 5,000 kcal per kg GAR.

The increased coal prices will be effective for the whole year of 2010.. (1 IDR = 0.000110497 USD)
 



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