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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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Tuesday, 25 August 09
INDIAN FIRM TO INVEST $44 MN IN INDONESIA
Economic Times - India Times reported that, BEML Limited, India-based second largest heavy equipment producer in Asia, will invest $44 million in In ...
Tuesday, 25 August 09
BHARAT LOOKS TO BULLDOZE RIVALS WITH LOWER PRICES
The Jakarta Globe reported that, The country’s two established heavy equipment suppliers now have a competitor in the form of Indian firm Bhar ...
Tuesday, 25 August 09
PIKE RIVER DELAYS COAL EXPORTS FROM NEW ZEALAND MINE
South African mining Weekly reported that, The first 60,000-t export shipment from ASX-listed Pike River Coal’s new mine has been delayed unti ...
Monday, 24 August 09
INDONESIAN GOVT ASKED TO CONTROL COAL TRADERS, BROKERS
The Jakarta Post, the leading English news paper in Indoneisa reported that, Businesses are urging the government to bring all coal traders and brok ...
Monday, 24 August 09
10,000 MW TO BE GENERATED THROUGH THAR COAL RESERVES BY 2020
Four projects of 2450 MW approved; govt to invest Rs80bn in five years on infrastructure
The News Pakistan reported that, The Thar Coal a ...
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