Tag: PLN Batubara

PLN & Coal Supply Issues

Unlike other major state power producers in the region, Indonesia’s PT Perusahaan Listrik Negara (PLN) relies nearly 100% on external parties for the supply of coal. China Shenhua Energy, which has 56,288 MW of power generation capacity, for example, produces nearly 300 million tons of coal. It is understandable, even if it is too late, if PLN wants to acquire coal assets.

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PLN and Sugico Group’s Graft Case

The Jakarta High Prosecutor’s Office (Kejati Jakarta) reportedly has issued a warrant for the commencement of inquisition (sprindik) to uncover the corruption in the procurement of coal for PT Perusahaan Listrik Negara (PLN) in Muara Enim, Palembang, South Sumatera. Kejati has yet to provide further details about this process but some national media outlets have reported that there is already an estimate amount of State losses due to the deviation. Then who should be held accountable?

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BlackGold One Step Closer to Riau Power Project, But…

Shares of BlackGold Natural Resources Ltd, a company with coal mining operation in Indonesia, advanced 3% on Singapore Exchange (SGX) Wednesday (Jan 24) as it moved closer to building a coal-fired power plant in Riau province. At the last quoted price, BlackGold, controlled by Indonesian businessmen, had market cap of S$95 million.

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