Banpu to supply 1.6 million tons of coal to S. Korea?s Kowepo
Tuesday, November 4 2003 - 07:11 AM WIB
Thai energy conglomerate Banpu Public Company Limited announced Tuesday it had recently signed a Coal Sales and Purchase contract with Korea Western Power Co.,Ltd. (KOWEPO) in Jakarta.
?Banpu will supply a total of 1,680,000 MT coal to KOWEPO, a well-known power producer in Korea, during September 2003 ? December 2006,? said Banpu in a statement, adding that the contract was in line with its policy to increase proportion of the long-term sales contract.
In Indonesia, Banpu operates three producing coalmines: Jorong (South Kalimantan), Indominco (East Kalimantan), and Kitadin (East Kalimantan). Last year, coal production form these fields reached 10 million tons. Meanwhile, another three coalmines (Trubaindo, Mumpun Pandan, and Barasentosa) are on exploration stage.
Banpu earlier said that it expected to produce around 20 million tons in 2006 together from its concessions. (robert)