Realm Resources eyes power projects in Central Kalimantan
Friday, April 29 2016 - 08:58 AM WIB
ASX-listed Realm Resources Ltd. announced on Friday that it continued with efforts to establishing a consortium whose aim will be to advance a proposed mine mouth power station in the vicinity of the Katingan Ria thermal coal project in Central Kalimantan province.
The development of the planned power stations, called PLTU Kalselteng 1 (2x100MW) Kalselteng 3 (2x100MW), has been delayed providing an opportunity for an alternative strategy to provide power to the region.
In addition, Realm continues to engage with state owned electricity firm PT Perusahaan Listrik Negara (PLN) and other potential partners/buyers in order to progress its power station strategy.
The thermal coal price for expected Katingan Ria coal (i.e. 4,200 kcal/kg GAR) has steadied at about US$26.00/t or around 50% of the FOB Newcastle price.
Realm has a 51 percent interest in Katingan Ria thermal coal project.
Editing by Johannes Simbolon