Semen Gresik sees coal requirement to soar in 2011
Tuesday, December 11 2007 - 02:02 AM WIB
Indonesia?s top cement producer PT.Semen Gresik Tbk. sees its coal requirement to increase to 4 million tonnes per annum starting 2011 from 2.5MTPA currently as it would build new power plants to support its huge expansion plans.
?Semen Gresik will be centralizing coal procurement and will be looking for reliable suppliers that could give us best prices,? Vice Chief Commissioner Darjoto Setiawan was quoted by media.
Semen Gresik is planning to invest US570 million to build coal-fired power plants in West Sumatra, Tuban, East Java and South Sulawesi with combined output of 410-MW to support capacity expansion plan and to cut electricity costs. The company said earlier that the new power plants would consume 1.8MTPA of low rank coal.
The company, which operates cement plants in West Sumatra, East Java and South Sulawesi, is planning to start construction of the power plants in 2008 with completion seen in 2011. (*)