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Saturday, 12 March 16
PLN, COAL COMPANIES IN TALKS ABOUT PRICES - THE JAKARTA POST
 Following a study that predicted that Indonesia would struggle to provide coal for its power stations in the near future, the government will facilitate negotiations between coal miners and electricity companies to set a coal price that is economically feasible for both parties.
Energy and Mineral Resources Minister Sudirman Said stated on Thursday that the set coal price should allow for companies to continue exploration but at the same time be economically feasible for electricity companies wanting to buy the coal for their power plants.
“The government should also play a role here. There will be a discussion process between [state-owned electricity company] PLN, the Indonesian Coal Mining Association [APBI] and IPPs [independent power producers] that use coal and we will then find a solution,” he said following a meeting with the Indonesian Chamber of Commerce and Industry (Kadin).
The government has continuously pushed to expedite a number of power plant projects under its ambitious 35,000 megawatt (MW) program, which is aimed at supporting the country’s economic growth.
Coal is expected to fulfil 66 percent of primary energy sources for the country’s power plants by 2024, which is equivalent to 361 gigawatt hours (GWh) output by coal-fired power plants.
However, a study conducted by APBI in cooperation with PricewaterhouseCoopers (PwC) Indonesia revealed that the country’s coal-fired power plants would not be able to provide the expected 20,000 MW for the next 25 to 30 years, based on current commodity prices.
The study, which surveyed 25 coal-mining companies, also showed coal-producer earnings before interest, tax, depreciation and amortization had dropped by 60 percent to US$2.6 billion in 2014 from $6.5 billion in 2011. It is expected to decrease by 16 percent in 2015.
Government data suggests that Indonesia had around 32.2 billion tons of coal reserves in 2014. However, the study showed that with coal prices declining throughout last year, only between 7.3 and 8.3 billion tons of that coal is economically viable to mine. The preliminary projection indicates that these reserves will be depleted by 2033-2036, forcing the country to start importing coal by 2030.
“Mining requires funds. If the price of coal is $50, while it costs $60 to mine, then the coal will automatically not be mined. It is as if we have a decrease in reserves,” APBI chairman Pandu P. Sjahrir said recently.
Coal prices have steadily declined over the past few years, amid oversupply and declining demand from major coal importer China.
Australia’s Newcastle coal price, an Asian benchmark, dropped to $53 per ton from a 2016 peak of $55.05 on March 1, as estimated by Reuters. Meanwhile, Indonesia’s coal reference price (HBA) this month has actually risen to $51.62 from February’s $50.92.
The report from the study recommended that the government set up a cost-based pricing system for coal, which would prevent the electricity prices from increasing.
“Based on our analysis, the government will have to pay some type of cost of insurance, which would be around 1 percent of the basic rate for new steam power plants, which will start operating in 2019, and 3 percent from the basic rates of power plants that had been built before,” APBI chaiman Pandu P. Sjahrir said.
The basic electricity rates for steam power plants that start operations in 2019 is around Rp 1,400 per kilowatt hour (kWh). If the cost of insurance is implemented, then the government will have to buy it for around Rp 1,414 per kWh.
Source: The Jakarta Post
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Thursday, 07 April 16
PANAMAX RATES ARE FIRMING IN BOTH HEMISHEPHERES - FEARNLEYS
Capesize
With a great volume our of west Australia, rates were finally moving to upper 3's. and stabilizing towards the middle of the week in ...
Thursday, 07 April 16
BIMCO AND GIIGNL PUBLISH A GROUNDBREAKING VOYAGE CHARTER PARTY FOR LNG TRADE
BIMCO and the International Group of Liquefied Natural Gas Importers (GIIGNL) have today jointly issued the first definitive voyage charter party & ...
Wednesday, 06 April 16
HOW LONG SHIPPING CRISIS WILL BE; WHEN SHOULD OWNERS EXPECT THE BULK CARRIERS TO BECOME PROFITABLE? - INTERMODAL
It is the consensus that dry bulk shipping has been in a crisis for quite some time now. Bulk carrier values are at historical low levels, therefor ...
Tuesday, 05 April 16
DRY BULK REVISITS 1980S LOWS AND FACES UNCERTAIN LONGER TERM OUTLOOK - MSI | HELLENIC SHIPPING NEWS
With the market near bottom, attention is turning to the length of the downturn, the effect on asset values and the impact of broader demand side c ...
Monday, 04 April 16
THE LOADING, AND SUBSEQUENT DISCHARGE, OF UNSAFE NICKEL ORE - ALL TIME TO 'COUNT' - THE STANDARD CLUB
KNOWLEDGE TO ELEVATE
In a recent, published, London arbitration award the English tribunal has held that all time lost as a result of loading, ...
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Showing 2491 to 2495 news of total 6871 |
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- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Global Green Power PLC Corporation, Philippines
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- Meenaskhi Energy Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Parliament of New Zealand
- VISA Power Limited - India
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- The University of Queensland
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- PTC India Limited - India
- Cement Manufacturers Association - India
- Vizag Seaport Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Borneo Indobara - Indonesia
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- GMR Energy Limited - India
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Salva Resources Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- ASAPP Information Group - India
- ICICI Bank Limited - India
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Power Finance Corporation Ltd., India
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
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