PCN aims to grab 5 mtpa coal supply contract from PLN

By Tri Subhki R

Coal mining company PT Prolindo Cipta Nusantara (PCN), a subsidiary of Lestari Citra Persada (LCP) Group, aims to grab up to 5 million tons per annum (mtpa) of coal supply contract from state-owned electricity firm PT PLN as the utility builds new power plants.

"We set a target of up to 5 million tons of coal supply contract per annum both from PLN and its subsidiary PT PLN Batubara," LCP's President Director Henry Soetio said to Petromindo.com recently.

PCN has already secured 1.7 mtpa of coal supply contract from PLN and PLN Batubara.

LCP owns two coal concession namely PCN and PT Astri Mining Resources. PCN, which has coal quality 4,200 kcal/kg GAR and very low 0.5 percent ash content, is located in Tanah Bumbu regency, South Kalimantan province.

Editing by Reiner Simanjuntak