The Adaro Blog

World still dependent on coal: NSW Minerals Council
November 11, 2014, 11:06 am
Chris Uhlmann reported this story on Monday, November 3, 2014 08:04:33 CHRIS UHLMANN: Stephen Galilee is the chief executive of the New South Wales Mineral Council. Stephen Galilee, if you could give us some context, what are coal exports worth to Australia each year? STEPHEN GALILEE: Well...
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Time to Cut Fuel Subsidies in Emerging Markets
November 11, 2014, 11:06 am
Newly elected and reelected leaders in Brazil, India, and Indonesia have a new impetus to jump-start reforms in their countries: falling global oil prices. Since July, the commodity has declined nearly 25 percent in value. While the reasons and benefits behind this cheap oil may be hazy, one policy...
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Indonesia slowdown highlights challenges facing Widodo
November 6, 2014, 11:07 am
Southeast Asia’s biggest economy is suffering because of a drop in demand from China for its commodity exports such as coal and rubber, and tightened monetary policy, which was implemented last year to stem capital outflows. Mr Widodo, who took office last month, has pledged to boost...
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PLN Ready to Build 15,000-MW Power Plants
November 4, 2014, 11:08 am
State-owned electricity company PT PLN (Persero) has said it is ready to develop power plants with a total capacity of 15,000 Megawatts (MW) within five years, starting from 2015. “From the government’s program to develop 35,000-MW power plants by 2020, PLN is ready to build power...
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Coal Cheapest Way to Produce Power
November 3, 2014, 11:10 am
The Yomiuri Shimbun Electricity from coal is the cheapest energy to produce at ¥7.8 per kilowatt-hour, followed by nuclear power at ¥8, according to provisional calculations by a private research institute. The calculations were prepared by the Research Institute of Innovative Technology...
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Thermal Coal Still a Goldmine for Australia
November 3, 2014, 11:09 am
DON’T write thermal coal off yet. The combination of very high power prices in Japan, new technology and the fact that world temperatures have not increased in the last decade is giving coal another chance given its low price. Japan went for nuclear power in a way that was matched by few...
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Indonesia President Appoints Technocrats to Top Economic Posts
October 28, 2014, 11:13 am
Indonesia’s new president on Sunday named professional technocrats to lead the top economic ministries and implement much-needed reforms that address costly fuel subsidies, cooling investment and creaky infrastructure in Southeast Asia’s biggest economy. President Joko Widodo named a...
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Adaro Power Subsidiary Signs Power Purchase Agreement with PLN for 2x100MW Coal Fired IPP in South Kalimantan
October 22, 2014, 11:09 am
PT Adaro Energy Tbk (IDX: ADRO) (“the Company”) is pleased to announce that on October 15th, 2014, PT Tanjung Power Indonesia (“TPI”), signed a Power Purchase Agreement (“PPA”) with PT PLN (Persero) (“PLN”), in relation to the supply of electricity...
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China reforms resource tax on coal
October 6, 2014, 11:06 am
The Chinese government on Monday vowed to reform tax on coal. From Dec. 1, China will levy a resource tax on coal based not on quantity, but on price, and the tax rate will be decided by the provincial governments within a given range, according to an executive meeting of the State Council...
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Glencore predicts strong market ahead for thermal coal
October 6, 2014, 11:05 am
In the face of withering coal prices and a soft market, Glencore is still predicting long term viability for thermal coal.
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