COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Monday, 24 June 24
PLN'S FINANCIAL SUSTAINABILITY RESTS ON ACCELERATED COAL RETIREMENT AND RENEWABLES DEPLOYMENT - MUTYA YUSTIKA
IEEFAOn 28 May 2024, Indonesia’s national electricity utility, PT Perusahaan Listrik Negara (PLN), released its financial report for 2023. Although the report showed a net profit increase of IDR22 trillion (tn), a 53% rise from 2022, the Institute for Energy Economics and Financial Analysis (IEEFA) calculates that PLN would have recorded a substantial loss of IDR120tn without subsidies and compensations from the Government of Indonesia (GOI).
 
At first glance, PLN’s cash reserves increased by 9% for the fiscal year 2023, and its electricity sales rose around 7%. This increase in sales contributed the most to PLN’s income growth, amounting to IDR22.2tn. However, despite the improved performance and positive figures, there are underlying red flags. 
 
Despite increased cash reserves, PLN’s liquidity ratio (0.92), quick ratio (0.79), and cash ratio (0.39) were all below 1.00. These figures indicate that the utility is struggling to meet its urgent payment obligations with cash or current assets.
 
PLN’s financial performance heavily depends on GOI’s subsidies and compensations, which have risen by 16.4% from IDR123tn in 2022 to IDR143tn in 2023. However, these incremental increases could halt in 2025. Discussions at the Ministry of Finance are underway to reduce PLN’s subsidies and compensations under the new administration's programs and policies.
 
An imminent solution for PLN's financial independence is required. PLN's fiscal potential can be unlocked with minimal GOI assistance by improving efficiency, particularly by reducing operating costs through the adoption of renewables.
 
Reducing cost and volatility via renewables
 
The Basic Cost of Providing Electricity (BPP) is arguably the main factor determining electricity costs, which are then translated into tariffs paid by customers. Any increase in BPP adds to the GOI’s financial burden.
 
Since 2020, coal and gas purchase costs have increased significantly. In 2023, purchased electricity from coal and gas contributed to a 14% increase in operational expenses and accounted for 63% of total operating costs. On average, PLN spent around US$4-5 cents per kilowatt hour (¢/kWh) for coal purchases, almost 40% higher than in 2020.
 
Additionally, PLN’s exposure to US$-denominated coal prices requires reconsideration. Despite the GOI's coal price cap, PLN has struggled with coal price fluctuations due to exchange rate changes. While purchases are denominated in US$, PLN’s tariff collections are in Indonesian rupiahs.
 
Apart from the base fuel purchasing costs, PLN also had to factor in shipping and plant maintenance costs. As coal-fired power plants age, they lose efficiency and require more coal to produce each kilowatt hour (kWh) of electricity. 
 
Considering the difficulty in reducing purchased electricity costs and renegotiating power purchase agreements with independent power producers, PLN should accelerate the transition from fossil fuel-based energy to avoid price volatility.
 
Renewable energy sources are low-cost to operate compared to fossil fuel power plants. Furthermore, IEEFA’s recent report has shown that the levelized cost of electricity is around US$4.78¢/kWh for solar and US$4.77¢/kWh for wind. In comparison, coal costs around US$6.5¢/kWh, which is at least US$1.7¢/kWh more.
 
Solar and wind are now the lowest-cost energy sources globally and are expected to become even cheaper by 2030. Notably, maintaining coal-fired power plants is more expensive than constructing entirely new, rapidly built renewable energy plants.
 
Consequently, the gradual retirement of coal-fired power plants and a concerted transition to renewable energy sources will be a win-win solution for Indonesia to fulfill its Paris Agreement commitments and financial goals.
Mutya Yustika, IEEFA


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Friday, 02 February 24
COAL INDIA ACHIEVES NEARLY 80% OF ITS FY24 PRODUCTION TARGET IN TEN MONTHS - CNBCTV18
For the month of January, the company’s production grew by 9.1% from the same period last year to 78.4 Million Tonnes (MT), from 71.9 MT last ...


Thursday, 01 February 24
CHINA'S WIND, SOLAR CAPACITY TO OVERTAKE COAL IN 2024 - INDUSTRY BODY, REUTERS REPORTED
China’s installed wind and solar capacity is expected to overtake coal for the first time this year, according to industry forecasts. &nb ...


Thursday, 01 February 24
ANTI-DEDUCTION CLAUSES: CAN A CHARTERER WITHHOLD HIRE WITHOUT AN OWNER'S CONSENT? - SKULD
KNOWLEDGE TO ELEVATE Summary In The Anna Dorothea, the Court found that where a charterparty provides that no deduction from hire may be m ...


Thursday, 01 February 24
INDIA REBUILDS COAL STOCKS TO ENSURE ELECTRIC RELIABILITY - REUTERS
India’s electricity supply is much more comfortable at the start of 2024 than in either 2023 or 2022 as coal production has ramped up and the ...


Wednesday, 31 January 24
CHINA'S INNER MONGOLIA COAL OUTPUT HIT 1.21B TONS IN 2023 - XINHUA
North China’s Inner Mongolia autonomous region churned out 1.21 billion tons of coal in 2023 as it strives to guarantee the country’s e ...


   7 8 9 10 11   
Showing 41 to 45 news of total 6871
News by Category
Popular News
 
Total Members : 28,698
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • CNBM International Corporation - China
  • Georgia Ports Authority, United States
  • Globalindo Alam Lestari - Indonesia
  • ICICI Bank Limited - India
  • Gujarat Sidhee Cement - India
  • Parliament of New Zealand
  • Global Green Power PLC Corporation, Philippines
  • Mercuria Energy - Indonesia
  • Edison Trading Spa - Italy
  • Coal India Limited
  • Simpson Spence & Young - Indonesia
  • Port Waratah Coal Services - Australia
  • Commonwealth Bank - Australia
  • Berau Coal - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Singapore Mercantile Exchange
  • Medco Energi Mining Internasional
  • Surastha Cement
  • PetroVietnam
  • Petron Corporation, Philippines
  • TeaM Sual Corporation - Philippines
  • Coal Orbis AG
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Sindya Power Generating Company Private Ltd
  • Infraline Energy - India
  • Directorate General of MIneral and Coal - Indonesia
  • Cardiff University - UK
  • Vedanta Resources Plc - India
  • Antam Resourcindo - Indonesia
  • Rio Tinto Coal - Australia
  • PNOC Exploration Corporation - Philippines
  • Miang Besar Coal Terminal - Indonesia
  • White Energy Company Limited
  • Energy Link Ltd, New Zealand
  • Formosa Plastics Group - Taiwan
  • Ind-Barath Power Infra Limited - India
  • DBS Bank - Singapore
  • Directorate Of Revenue Intelligence - India
  • Samtan Co., Ltd - South Korea
  • Coastal Gujarat Power Limited - India
  • Attock Cement Pakistan Limited
  • SASOL - South Africa
  • Cemex - Philippines
  • Goldman Sachs - Singapore
  • EMO - The Netherlands
  • Heidelberg Cement - Germany
  • Bukit Makmur.PT - Indonesia
  • Indorama - Singapore
  • The India Cements Ltd
  • Timah Investasi Mineral - Indoneisa
  • ASAPP Information Group - India
  • Mitsui
  • Jindal Steel & Power Ltd - India
  • Sical Logistics Limited - India
  • Ministry of Finance - Indonesia
  • Tamil Nadu electricity Board
  • Orica Mining Services - Indonesia
  • Asia Cement - Taiwan
  • Enel Italy
  • London Commodity Brokers - England
  • Mintek Dendrill Indonesia
  • GMR Energy Limited - India
  • Marubeni Corporation - India
  • CCIC - Indonesia
  • Gupta Coal India Ltd
  • LBH Netherlands Bv - Netherlands
  • ETA - Dubai
  • Deloitte Consulting - India
  • Ceylon Electricity Board - Sri Lanka
  • Mjunction Services Limited - India
  • Latin American Coal - Colombia
  • Asian Development Bank
  • Ministry of Transport, Egypt
  • McConnell Dowell - Australia
  • Wood Mackenzie - Singapore
  • Lafarge - France
  • Therma Luzon, Inc, Philippines
  • Mechel - Russia
  • Indian School of Mines
  • Uttam Galva Steels Limited - India
  • Shenhua Group - China
  • Electricity Generating Authority of Thailand
  • Coal and Oil Company - UAE
  • Kartika Selabumi Mining - Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • Panama Canal Authority
  • Japan Coal Energy Center
  • Kobe Steel Ltd - Japan
  • APGENCO India
  • Thermax Limited - India
  • SGS (Thailand) Limited
  • GB Group - China
  • Meenaskhi Energy Private Limited - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • PetroVietnam Power Coal Import and Supply Company
  • Ambuja Cements Ltd - India
  • Orica Australia Pty. Ltd.
  • Karaikal Port Pvt Ltd - India
  • GN Power Mariveles Coal Plant, Philippines
  • Global Coal Blending Company Limited - Australia
  • Tata Power - India
  • Power Finance Corporation Ltd., India
  • Xindia Steels Limited - India
  • Eastern Coal Council - USA
  • HSBC - Hong Kong
  • Larsen & Toubro Limited - India
  • Bank of China, Malaysia
  • PLN Batubara - Indonesia
  • SRK Consulting
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Binh Thuan Hamico - Vietnam
  • Holcim Trading Pte Ltd - Singapore
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Agrawal Coal Company - India
  • Metalloyd Limited - United Kingdom
  • Kapuas Tunggal Persada - Indonesia
  • J M Baxi & Co - India
  • Maheswari Brothers Coal Limited - India
  • Reliance Power - India
  • Thailand Anthracite
  • Credit Suisse - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • Intertek Mineral Services - Indonesia
  • Minerals Council of Australia
  • IEA Clean Coal Centre - UK
  • The University of Queensland
  • Jatenergy - Australia
  • Bhushan Steel Limited - India
  • Geoservices-GeoAssay Lab
  • The Treasury - Australian Government
  • Bharathi Cement Corporation - India
  • ANZ Bank - Australia
  • VISA Power Limited - India
  • Sinarmas Energy and Mining - Indonesia
  • Grasim Industreis Ltd - India
  • Manunggal Multi Energi - Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • Rudhra Energy - India
  • Global Business Power Corporation, Philippines
  • NTPC Limited - India
  • Moodys - Singapore
  • Bulk Trading Sa - Switzerland
  • Interocean Group of Companies - India
  • The State Trading Corporation of India Ltd
  • Karbindo Abesyapradhi - Indoneisa
  • Pinang Coal Indonesia
  • PowerSource Philippines DevCo
  • Inspectorate - India
  • Sree Jayajothi Cements Limited - India
  • JPower - Japan
  • Mercator Lines Limited - India
  • Adani Power Ltd - India
  • Africa Commodities Group - South Africa
  • Kaltim Prima Coal - Indonesia
  • Arutmin Indonesia
  • Adaro Indonesia
  • Central Java Power - Indonesia
  • TGV SRAAC LIMITED, India
  • IOL Indonesia
  • MS Steel International - UAE
  • McKinsey & Co - India
  • Semirara Mining Corp, Philippines
  • RBS Sempra - UK
  • Kohat Cement Company Ltd. - Pakistan
  • South Luzon Thermal Energy Corporation
  • Planning Commission, India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • UOB Asia (HK) Ltd
  • Economic Council, Georgia
  • Chettinad Cement Corporation Ltd - India
  • Straits Asia Resources Limited - Singapore
  • Humpuss - Indonesia
  • KPCL - India
  • Coalindo Energy - Indonesia
  • Cebu Energy, Philippines
  • Argus Media - Singapore
  • Siam City Cement - Thailand
  • Anglo American - United Kingdom
  • Jaiprakash Power Ventures ltd
  • Gresik Semen - Indonesia
  • Barasentosa Lestari - Indonesia
  • TNPL - India
  • Petrochimia International Co. Ltd.- Taiwan
  • ING Bank NV - Singapore
  • Deutsche Bank - India
  • CIMB Investment Bank - Malaysia
  • IHS Mccloskey Coal Group - USA
  • Thriveni
  • Core Mineral Indonesia
  • Pendopo Energi Batubara - Indonesia
  • Thomson Reuters GRC
  • KPMG - USA
  • BNP Paribas - Singapore
  • Banpu Public Company Limited - Thailand
  • Indonesian Coal Mining Association
  • Platts
  • Electricity Authority, New Zealand
  • WorleyParsons
  • Freeport Indonesia
  • Bank of America
  • Salva Resources Pvt Ltd - India
  • Merrill Lynch Bank
  • Platou - Singapore
  • Madhucon Powers Ltd - India
  • Cigading International Bulk Terminal - Indonesia
  • Kideco Jaya Agung - Indonesia
  • OCBC - Singapore
  • Qatrana Cement - Jordan
  • PTC India Limited - India
  • Gujarat Mineral Development Corp Ltd - India
  • Barclays Capital - USA
  • Permata Bank - Indonesia
  • Riau Bara Harum - Indonesia
  • Chamber of Mines of South Africa
  • Standard Chartered Bank - UAE
  • Vijayanagar Sugar Pvt Ltd - India
  • Kumho Petrochemical, South Korea
  • Savvy Resources Ltd - HongKong
  • IMC Shipping - Singapore
  • Maruti Cements - India
  • Vale Mozambique
  • Cargill India Pvt Ltd
  • India Bulls Power Limited - India
  • BRS Brokers - Singapore
  • Sakthi Sugars Limited - India
  • Meralco Power Generation, Philippines
  • KEPCO - South Korea
  • Parry Sugars Refinery, India
  • Cement Manufacturers Association - India
  • GNFC Limited - India
  • IBC Asia (S) Pte Ltd
  • Videocon Industries ltd - India
  • Gujarat Electricity Regulatory Commission - India
  • Renaissance Capital - South Africa
  • Indogreen Group - Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Maybank - Singapore
  • International Coal Ventures Pvt Ltd - India
  • Bukit Baiduri Energy - Indonesia
  • Bhoruka Overseas - Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Bangkok Bank PCL
  • Fearnleys - India
  • European Bulk Services B.V. - Netherlands
  • TANGEDCO India
  • Makarim & Taira - Indonesia
  • Runge Indonesia
  • GVK Power & Infra Limited - India
  • Dalmia Cement Bharat India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Malco - India
  • Mitra SK Pvt Ltd - India
  • PLN - Indonesia
  • Bhatia International Limited - India
  • Lanco Infratech Ltd - India
  • bp singapore
  • Carbofer General Trading SA - India
  • Ernst & Young Pvt. Ltd.
  • SMG Consultants - Indonesia
  • Eastern Energy - Thailand
  • Noble Europe Ltd - UK
  • Samsung - South Korea
  • Total Coal South Africa
  • Siam City Cement PLC, Thailand
  • Tanito Harum - Indonesia
  • Vizag Seaport Private Limited - India
  • Bangladesh Power Developement Board
  • Sojitz Corporation - Japan
  • World Coal - UK
  • Aboitiz Power Corporation - Philippines
  • Malabar Cements Ltd - India
  • Glencore India Pvt. Ltd
  • Semirara Mining and Power Corporation, Philippines
  • Petrosea - Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • Essar Steel Hazira Ltd - India
  • OPG Power Generation Pvt Ltd - India
  • GAC Shipping (India) Pvt Ltd
  • Indian Oil Corporation Limited
  • ACC Limited - India
  • GHCL Limited - India
  • Australian Commodity Traders Exchange
  • Kobexindo Tractors - Indoneisa
  • Indonesia Power. PT
  • Merrill Lynch Commodities Europe
  • Coaltrans Conferences
  • Ministry of Mines - Canada
  • Britmindo - Indonesia
  • U S Energy Resources
  • New Zealand Coal & Carbon
  • Shree Cement - India
  • Vitol - Bahrain
  • Australian Coal Association
  • UBS Singapore
  • Mitsubishi Corporation
  • Independent Power Producers Association of India
  • Coeclerici Indonesia
  • Ince & co LLP
  • SN Aboitiz Power Inc, Philippines
  • Thiess Contractors Indonesia
  • World Bank
  • Energy Development Corp, Philippines
  • Romanian Commodities Exchange
  • Baramulti Group, Indonesia
  • CoalTek, United States
  • Sucofindo - Indonesia
  • Peabody Energy - USA
  • Wilmar Investment Holdings
  • Asmin Koalindo Tuhup - Indonesia
  • SUEK AG - Indonesia
  • Borneo Indobara - Indonesia
  • Star Paper Mills Limited - India
  • Xstrata Coal
  • Iligan Light & Power Inc, Philippines
  • Posco Energy - South Korea
  • AsiaOL BioFuels Corp., Philippines
  • Indian Energy Exchange, India
  • Alfred C Toepfer International GmbH - Germany
  • JPMorgan - India
  • MEC Coal - Indonesia
  • Trasteel International SA, Italy
  • Idemitsu - Japan
  • Leighton Contractors Pty Ltd - Australia
  • Neyveli Lignite Corporation Ltd, - India
  • Kepco SPC Power Corporation, Philippines
  • San Jose City I Power Corp, Philippines
  • Bayan Resources Tbk. - Indonesia
  • Maharashtra Electricity Regulatory Commission - India
  • Clarksons - UK
  • Oldendorff Carriers - Singapore
  • Tata Chemicals Ltd - India
  • Indika Energy - Indonesia
  • Indo Tambangraya Megah - Indonesia
  • Price Waterhouse Coopers - Russia
  • Maersk Broker
  • Altura Mining Limited, Indonesia
  • SMC Global Power, Philippines
  • Aditya Birla Group - India
  • Thai Mozambique Logistica
  • Kalimantan Lumbung Energi - Indonesia
  • Inco-Indonesia
  • Arch Coal - USA
  • globalCOAL - UK
  • Cosco
  • Sarangani Energy Corporation, Philippines
  • Central Electricity Authority - India
  • CESC Limited - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Toyota Tsusho Corporation, Japan
  • TRAFIGURA, South Korea
  • EIA - United States
  • Russian Coal LLC
  • NALCO India
  • KOWEPO - South Korea