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.

 

Strong consolidation needed to face global economic turbulence Reporter: Agus Salim 3 hours ago President Joko Widodo (Jokowi) addressing at a ceremony commemorating the 50th anniversary of the Indonesian Chamber of Commerce and Industry (Kadin) on Monday night. (Agus Salim) Jakarta (ANTARA News) - President Joko Widodo (Jokowi) reminded the country`s fiscal and monetary authorities and the business of the need for strong coordination and consolidation to face the global economic uncertainties. "Uncertainties in the global condition, trade war between the United States and China, increase in interest rate, crisis in Argentina and Turkey, would necessitate strong consolidation and coordination between the monetary and fiscal authorities and the business sector," Jokowi said addressing a ceremony commemorating the 50th anniversary of the Indonesian Chamber of Commerce and Industry (Kadin) here on Monday night. He said good coordination and consolidation would make it easier to develop the public and market confidence. "It is the same as in developing a corporation. Trust brand is vital. The state needs that. Building up trust and market confidence that the international communities, domestic market believe that we are working seriously to settle state problems," he said. He said Indonesia is a big country with a population of 263 million, the fourth largest in the world, having 17,000 islands and made up of 34 provinces. "It is not easy to manage such big country . Each area has own cases, and requirement different from each other," he added. He said developing Indonesia concerns not only economic and political aspects. "If we are concerned only with economic and political gains we need only to focus on development of Java, which is home to 60 percent of the country`s population, but we think of a nation. We are concerned not only with expanding business empire leaving Papua, North Maluku, NTT and other eastern Indonesian regions to suffer in backwardness," he said. Currently imbalance is still wide in infrastructure between the country`s western, central and eastern regions, he said, adding Indonesia is seeking to catch up with other countries. He cited three years earlier, Indonesia had only 231 water reservoirs and dams as against 6,000 dams in the United States and 110,000 dams in China. "This is fact that has to be presented and we have to do something about it," he said. He also spoke about progress made in the construction of toll roads saying after the Jagorawi toll road was operational until early 2015, Indonesia had only 780 km of toll road as against China`s toll roads totaling 280,000 km. "We need to know the condition we are in before we start working hard to make up for the gap especially in eastern Indonesia," he said. Reporting by Agus Salim Editing by Albert Saragih Editor: Bustanuddin COPYRIGHT © ANTARA 2018 AddThis Sharing Buttons Share to FacebookShare to TwitterShare to Google+Share to WhatsAppShare to LINEShare to PinterestShare to GmailShare to EmailShare to More Prev News Indonesia calls for reconciliation and justice for peace Next News Puan attends UN meeting on world peace Comments
President Joko Widodo (Jokowi) reminded the country`s fiscal and monetary authorities and the business of the need for strong coordination and consolidation to face the global economic uncertainties.
Indonesia continues to promote technical cooperation programs developed by the International Atomic Energy Agency (IAEA) to achieve the Sustainable Development Goals.
An international seminar themed SEAMEO Education Agenda for Sustainable Southeast Asia was organized by Southeast Asian Ministers of Education Organization (SEAMEO), in cooperation with the Indonesian Education and Culture Ministry, here, on Wednesday.
I Gusti Ngurah Rai International Airport in Badung, Bali, again won the world`s best airport for the category of airports serving 15-25 million passengers annually from the Airport Council International (ACI) based in Montreal, Canada.
President Joko Widodo (Jokowi) has expressed Indonesia`s commitment to continue to improve cooperation in the fields of trade and industry with the Czech Republic.
Indonesian President Joko Widodo (Jokowi) and Australian Prime Minister Scott Marrison have reached an agreement on Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) at a meeting in Bogor on Friday.
Address: 1068 Budapest, Városligeti fasor 26. | MAP |
Phone: (+36-1) 413 3800 Fax: (+36-1) 322 8669
E-mail: embassy@indonesianembassy.hu