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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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Friday, 11 September 09
L&T EYES AUSSIE COAL MINE
Commodity Online reported that, Larsen and Toubro is in talks to buy a thermal coal mine in Australia for about $300 million. Thermal coal is used f ...
Wednesday, 09 September 09
CHINESE INTEREST IN AUSTRALIA COAL TICKS UP AS PRICES FALL
After a lull of about two months, Australian thermal coal producers are now seeing renewed interest from Chinese buyers for spot cargoes in the four ...
Wednesday, 09 September 09
SALES FORECAST UP ON BETTER DISTRIBUTION
The Jakarta Post reported that, State coal producer PT Tambang Batubara Bukit Asam (PT BA) expects coal sales to rise by 11 percent next year as it ...
Wednesday, 09 September 09
NTPC HIRES MACQUARIE TO ADVISE INDONESIA COAL MINE PURCHASE
Bloomberg reported that, NTPC Ltd., Asia’s biggest power utility by value, has hired Macquarie Group Ltd. to evaluate a proposed coal mine pur ...
Tuesday, 08 September 09
SOUTH AFRICAN COAL FALLS MOST IN 11 WEEKS ON EXCESSIVE PRICES
Bloomberg reported that, Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the f ...
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- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
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- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
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- Latin American Coal - Colombia
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- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
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- Banpu Public Company Limited - Thailand
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- PowerSource Philippines DevCo
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- Ministry of Transport, Egypt
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- Petron Corporation, Philippines
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- Tamil Nadu electricity Board
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- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
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- The University of Queensland
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- SMC Global Power, Philippines
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- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
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- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
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- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
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- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
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- White Energy Company Limited
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- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
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- Minerals Council of Australia
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- Georgia Ports Authority, United States
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
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- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
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- Australian Commodity Traders Exchange
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- Makarim & Taira - Indonesia
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- Power Finance Corporation Ltd., India
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- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
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- Lanco Infratech Ltd - India
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- Energy Development Corp, Philippines
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- Goldman Sachs - Singapore
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- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
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- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
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- Merrill Lynch Commodities Europe
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- Posco Energy - South Korea
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- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
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