China Becomes Prospective Market of Indonesian Coal Industry

By : Aldo Bella Putra | Wednesday, July 26 2017 - 03:29 IWST

5166
5166

INDUSTRY.co.id - Jakarta, PT ABM Investama, a coal industry company, intends to target China as a highly prospective market for coal industry in Indonesia.

"Currently in China building a lot of coal energy resources, China will increase its coal needs at this time," said Director of Finance ABM Investama, Adrian Erlangga found in Jakarta, Friday (07/07/2017).

He added that the percentage of coal demand for energy supply will decline by 55 percent in the next 10 years. But in real terms, the world's energy needs continue to increase.

In addition, the need for coal in some countries in Southeast Asia has a tendency to improve. Imports became one of the decisions that these countries must take. "Southeast Asia, Myanmar, Vietnam, Laos, Cambodia, Malaysia, so it needs extraordinary coal, plus India which will increase the capacity of coal imports in the country," he said.

According to him, Indonesian coal industry players can enter the market in the country. "India will increase imports of 40 million tons of coal," he added.

On the other hand, domestic demand for coal is still high, supported by the 35 thousand mega watt electricity program by the government. The increase in coal demand is projected to increase 2-fold.

"Domestic coal needs around 80 million tons per year, so up to 10 years will require 160-170 million tons," he concluded.

News Comment

Today's Industry

COVID-19 Emergency Hospital in Kemayoran Athletes Village (Photo by: PR of Ministry of Health)

Kamis, 13 Mei 2021 - 06:10 WIB

Gov’t Completes Incentive Payment for Volunteers at Kemayoran Athletes Village

Ministry of Health, on 6-10 May 2021, has completed incentive payment of December 2020 for 1,613 volunteers working at COVID-19 Emergency Hospital in Kemayoran Athletes Village amounting to…

Vice President Ma’ruf Amin chairs a virtual meeting of the Regional Autonomy Advisory Council (DPOD), Tuesday (11/05). Photo by: BPMI of Vice Presidential Secretariat

Kamis, 13 Mei 2021 - 05:00 WIB

Special Allocation Fund during Pandemic Must be Managed in Accountable Manner: VP

The use of Special Allocation Fund (DAK) during the COVID-19 pandemic must take into account the accountability principle, Vice President Ma’ruf Amin has said.

Minister of Religious Affairs Yaqut Cholil Qoumas, Chairperson of the Indonesia Ulema Council (MUI) KH Abdullah Jaidi, and Deputy Head of Commission VIII Ace H Syadzili

Kamis, 13 Mei 2021 - 03:50 WIB

Eid al-Fitr Falls on Thursday, Gov’t Announces

The Government has announced that the first day of Shawwal 1442 Hijri, which marks the Eid al-Fitr 1442 Hijri celebration, falls on Thursday, 13 May 2021.

Minister of Manpower Ida Fauziyah. (Photo by: BPMI Documentation)

Kamis, 13 Mei 2021 - 02:45 WIB

Manpower Minister: Companies Must Protect Loading-Unloading Workers through Social Security Programs

Minister of Manpower Ida Fauziyah told companies to protect their loading-unloading workers (TKBM) through social security program for workers.

Minister of Transportation Budi Karya Sumadi inspected transportation service during the mudik ban period (11/05/2021). (Photo by: PR of Ministry of Transportation)

Kamis, 13 Mei 2021 - 01:39 WIB

Logistics Transport Movement During Mudik Ban Jumps by 70%

Movement of logistics transport via sea toll road has dramatically increased by about 70 percent during the period of mudik (Eid homecoming period) ban, according to Minister of Transportation…