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Monday, 23 August 10
COAL FOR FAST-TRACK PROGRAM ASSURED
 Antara and the Jakarta globe reported that, the coal supply for the government’s 10,000 megawatt “fast- track” program was assured, the head of the project’s coordinating team, Yoga Pratomo, said on Sunday, with domestic coal suppliers guaranteeing 95 percent of needs.
“Only 5 percent is still in the tender process and it will be finished soon,” he said during a media tour of the Labuan steam power plant, one of the plants in the fast-track program.
The program aims to increase the country’s electricity-generating capacity by 10,000Mw. Capacity is now well below demand, resulting in frequent rolling blackouts across the country.
Yoga said the supply contracts would last for 20 years.
He said the program, which is projected to be completed by 2013, required at least 30 million tons of coal a year.
The required coal was low in calories and cost $ 40 to 55 a ton.
“With such relatively low-priced coals, the cost of electricity production can be cheap,” Yoga said.
“I predict when the entire 10,000Mw fast-track program is finished there will be a saving of Rp 100 billion ($ 11.1 million) per day, or Rp 35 trillion per year, in electricity usage.”
Yoga said 50 percent of the coal supply needed for the project, or 15 million tons a year, would be supplied by local miner Arutmin, with the rest being supplied by Bara Mutiara Prima, Titan Mining Indonesia and Hanson Energi.
“So all of the coal needed for the project will be from domestic suppliers,” he added.
Yoga said that by the end of this year, 2,000Mw more power will be provided, with a further 4,300Mw coming on stream next year.
Last November the government asked domestic coal producers to set aside 30 percent of their output for 2010 for the fast- track program.
The Energy Ministry predicted that domestic demand for coal this year would be 65 million tons, of which 85 percent would be needed to run power plants throughout the country.
The government is limiting coal exports to 150 million tons this year to ensure supply during the upgrade.
The ministry predicted that production for this year would total 230 million tons.
Source: Antara / The Jakarta Globe
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Friday, 23 July 10
THE PANAMAX MARKET HAS CONTINUED ITS SLOW CLIMB - FEARNLEYS
Handy
Continued flat Atlantic markets and over-supply of tonnage across all segments on spot basis. Nevertheless there is more fresh enquiry on Co ...
Friday, 23 July 10
KPMG INDIA FACES COAL DEFICIT OF 50% OF EXPECTED POWER PLANT DEMAND, SAYS - BLOOMBERG
Bloomberg reported that, India may face a coal shortfall of 189 million metric tons a year by 2015, about 50 percent of the power sector’s exp ...
Thursday, 22 July 10
BERAUS IPO NEXT MONTH CAN BECOME THE LARGEST THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s fifth largest coal miner PT Berau Coal Energy Tbk will launch its initial public offering (IPO) ne ...
Thursday, 22 July 10
DRY BULK MARKET EDGES HIGHER, BUT RECOVERY IS SLOW
The dry bulk market’s recovery, which started last Friday has sustained its momentum thus far, but the pace of it seems to be an agonizing one ...
Wednesday, 21 July 10
CHARTER RATES FOR BIG SHIPS GO INTO FREEFALL
It is reported that concerns over the slowdown in the mainland construction sector posturing over ore price negotiations and a general summer slowdo ...
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- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Minerals Council of Australia
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- Economic Council, Georgia
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Dalmia Cement Bharat India
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- The University of Queensland
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- VISA Power Limited - India
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Central Java Power - Indonesia
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- Planning Commission, India
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
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