State-owned coal company to sell 48 million tons by 2020

18 November, 2016 | Source: Antara News

The state-owned coal mining company, PT. Bukit Asam (PTBA), is planning to sell some 48 million tons of coal and to have built 1,900 megawatt power plants by 2020, PTBAs President Director Arviyan Arifin said here on Thursday.

He added that by 2025 the coal company will have a sales volume of 98 million tons and be operating several power plants with a total capacity of 4,200 MW.

"Our production this year increased by approximately ten percent, compared with that in 2015. It increased from about 19 million tons to around 21 million tons," he said.

Arviyan noted that the companys operation depends heavily on trains for transportation.

"Production is not a problem since we work 24/7. We are now facing a transportation issue," he said.

Among coal mining companies established in Indonesia, PT Bukit Asam (Persero) Tbk is the oldest, starting during The Dutch Colonial era in 1919 with the first operations in Tambang Laya area, Tanjung Enim, South Sumatra.

Coal mining in Tanjung Enim was begun by the Dutch colonial government in 1919, then operating the first coal mine using open pit mining methods in Air Laya.

The initial operation began in 1923 and continued until 1940, while commercial production began in 1938.

When the Dutch Colonial period ended in Indonesia, mine workers fought for the nationalization of the mines. In 1950, the Indonesian Government approved the establishment of State-Owned Bukit Asam Coal Mine.

 

President Joko Widodo (Jokowi) has lauded the Law and Order Index placing Indonesia among the top ten safest countries in the world.
The consumers` confidence in the country`s economy increased in the second quarter of 2018 as reflected in the higher consumer confidence index (IKK) by the end of June 2018 and stronger expectation of consumers for a number of economic indicators by the end of the year, a survey shows.
https://en.antaranews.com/news/116508/indonesia-thailand-seek-to-improve-bilateral-ties-during-9th-jcm
The highly awaited international sporting event of Asian Games is expected to achieve great success through support from various parties, including a number of state-owned enterprises, telecommunications companies, national, and international companies.
Indonesian Foreign Minister Retno Marsudi met with her Dutch counterpart Stephanus Abraham Blok and discussed efforts to increase economic cooperation between both countries.
The Indonesian government is committed to developing new and renewable energy-based power plants to meet power needs in the country, President Joko Widodo (Jokowi) has stated.
Address: 1068 Budapest, Városligeti fasor 26. | MAP |
Phone: (+36-1) 413 3800 Fax: (+36-1) 322 8669
E-mail: embassy@indonesianembassy.hu