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Friday, 04 September 09
INDONESIA PAITON ENERGY BUYS COAL FROM ADARO, KIDECO
PT Paiton Energy, an Indonesian independent power producer, has agreed to buy 3 million tonnes of coal from PT Adaro Energy Tbk (ADRO.JK) and PT Kideco Jaya Agung at a recent tender, a source close to the deal said on Friday.
PT Paiton Energy runs Paiton I power plant in East Java, which has generating capacity of 1,230 megawatts (MW). It opened the tender in early August to seek coal for its Paiton 3 expansion project.
PT Adaro Energy will supply 2 million tonnes a year of coal of 5,000 kcal/kg gross as-received (GAR), at $57.50 a ton, FOB basis, the source said.
PT Kideco, in which PT Indika Energy Tbk has a 46 percent stake, will supply 1 million tonnes a year of coal of 4,900 kcal/kg GAR, at $55.20 per tonne, FOB, the source said.
Coal tenders by independent power projects must be approved by state electricity firm PT Perusahaan Listrik Negara (PLN), which is a monopoly power supplier in Indonesia and operates 25,000 MW of capacity.
"The deal is in the process of approval by PLN. The coal will be supplied in 2011," the source said.
The Paiton 3 expansion project is developing a 815 MW coal-fired power plant that is scheduled to start operating in early 2012.
The coal will be supplied for five years with up to three further terms of five years each at Paiton Energy's sole option, Paiton Energy said in its tender announcement.
Paiton Energy's expansion project will be part of the second phase of the government's crash programme to increase generating capacity in a bid to ease the country's chronic power shortages.
The government launched the first phase of the programme to add 10,000 MW generating capacity from 35 new coal-fired power plants, which are mostly still under construction.
Three new coal-fired power plants, with total generating capacity of 1,960 MW, are expected to start commercial operation later this year and the whole project is expected to be completed in 2011.
The government is still finalising the second phase of the crash programme which will add another 10,000 MW using coal, geothermal and renewable energy resources.
Source: Reuters
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Monday, 19 October 09
CEMENT UNLIKELY TO COST MORE DESPITE COAL PRICE HIKE
Business-Standard reported that, Cement manufacturers will not immediately hike prices of the construction material, despite a surge in their input ...
Saturday, 17 October 09
US COAL MINERS LOOKING AT LOWER PROFITS
Most US coal miners are looking at sharply lower third-quarter earnings, but those that produce coal for steelmaking and export should enjoy higher ...
Friday, 16 October 09
INDONESIA EXPORTED 19,194,857 MT OF COAL IN SEPTEMBER 2009 - SOURCES
COALspot.com (Indonesia): Indonesia exported 19,194,857 MT of coal in September 2009. Out of total exported quantity, South Korea imported abou ...
Friday, 16 October 09
NAVIGATING THROUGH STORMY WATERS
To Theodore E Veniamis, the President of the Union of Greek Shipowners, the current turmoil in world shipping is due to the cyclical nature of marit ...
Friday, 16 October 09
COAL INDIA RAISES PRICE BY 11%
Trak reported that, State-owned Coal India Ltd (CIL) has raised the price of coal produced by its subsidiaries by an average of 11 percent effective ...
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- Kohat Cement Company Ltd. - Pakistan
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- Australian Coal Association
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- Ministry of Mines - Canada
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- Anglo American - United Kingdom
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- Vedanta Resources Plc - India
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- IHS Mccloskey Coal Group - USA
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- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
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- Indonesian Coal Mining Association
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- Formosa Plastics Group - Taiwan
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- Energy Development Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
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- Ministry of Finance - Indonesia
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- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
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- Merrill Lynch Commodities Europe
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- Mjunction Services Limited - India
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- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
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- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
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- Australian Commodity Traders Exchange
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- CNBM International Corporation - China
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- Videocon Industries ltd - India
- Bhatia International Limited - India
- Minerals Council of Australia
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- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
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- Electricity Authority, New Zealand
- Riau Bara Harum - Indonesia
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- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
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- South Luzon Thermal Energy Corporation
- CIMB Investment Bank - Malaysia
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- Edison Trading Spa - Italy
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- Eastern Energy - Thailand
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- Global Coal Blending Company Limited - Australia
- Kideco Jaya Agung - Indonesia
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- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Independent Power Producers Association of India
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- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Planning Commission, India
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
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