PT Perusahaan Listrik Negara (Persero) has targeted acquisition process of 8 coal mining concessions to gain coal supply for its mine mouth thermal power plants (PLTU) in Sumatra and Kalimantan to be completed by June 2018.
The Director of Strategic Procurement of PLN, Supangkat Iwan Santoso, said that his office is currently concluding the acquisition process. "We have already reached agreements with several of them.
So, we have acquired several of them while for others we have struck agreements with," he said, Tuesday (27/2). Iwan explained that for those that have reached concessions agreements are for supply to PLTU Jambi, Kaselteng 3, Riau, and Kaltim 5. Several of the mining concessions to be acquired are located at the mine mouth thermal power plants (PLTU), such as PLTU Jambi, Riau, Sumsel 6, Kaselteng 3, Kaselteng 4, Kaselteng 5, Kaltim 3, and Kaltim 5.
Iwan said that agreements for four other mining areas are to be concluded by June 2018. He said that PLN would acquire a majority stake of 51% of the concession areas. The acquisition aims to secure a lower coal price for the PLTUs. If all the planned PLTUs are constructed, PLN will require coal supply of up to 150 million tons annually compared to the current supply of 76 million tons. For the energy project monitoring including power plants, the Energy and Mineral Resources Ministry has invited dozens of investors in the electricity, new and renewable energy sub sector and oil and gas subsector to ensure commitments with a total value of US$50.9 billion.
Vice Minister of Energy and Mineral Resources, Arcandra Tahar, said that the government must monitor the realization progress of each investors, considering the amount of investment value at stake.
“That is the commitment amount, so we have to ensure their realization in comparison to the target, since the amount at stake is quite huge, a total of US$51 billion. The government will have to do a detail monthly review to see whether or not the realization has been achieved," said Arcandra. He explained that out of the total investment, the bulk capital came from the electricity sub sector.
Investment allocation in the power sector reach US$ 24.88 billion this year. The allocation is for power plant constructions, both under PLN as well as private power. In detail, Archandra said that investment from the private power is worth US$14 billion, whereas the remaining US$10.88 billion constitute PLN’s investment commitment. Power investment will include allocations for the construction of transmission grid, sub stations and distribution network.
Source: Denis R. Meilanova / kalimantan.bisnis.com 28 February 2018
