PTBA allocates Rp 3.84t for investment this year
Thursday, March 3 2016 - 03:31 AM WIB
The paper quoted PTBA Corporate Secretary Joko Pramono as saying that about Rp 430 billion will be allocated for routine investment, and the remaining Rp 3.41 trillion for non-routine investment including for power plant projects.
PTBA is currently developing a number of coal-fired power plant projects, one of which is the 2x620 MW Banko Tengah mine mouth power plant in South Sumatra, whose constructon started late last year and is targeted to be completed in 2020.
?PLN (state-owned electricity company) has guaranteed that development of the (necessary) transmission line from the power plant location to Java Island will be completed when the plant is completed,? Joko said. ?The power plant will require coal supply of 5.4 million tons of coal per year, all of which to come from company mines in Tanjung Enim.?
PTBA is also planning to develop the Peranap mine mouth power plant with expected capacity of 800-1,200 MW, 20 MW Halmahera Timur coal-fired power plant, and 2x350 MW Kuala Tanjung coal-fired power plant.
PTBA, which booked a 9.4 percent increase in net profit last year, plans to boost coal production this year by 52 percent to 29 million tons from 19.1 million tons last year. The company also plans to increase the export high calorie and medium calorie coal to meet demand in Taiwan, Japan, Malaysia, Vietnam, and India.
?In addition, we?ll also serve new markets such as Korea, Bangladesh, and the Philippines,? Joko said. (*)