PT PLN is Ready to Acquire Coal Mine

By : Aldo Bella Putra | Saturday, August 05 2017 - 16:10 IWST

5166
5166

INDUSTRY.co.id - Jakarta - PLN's Procurement Director, Supangkat Iwan Santoso, said State Electricity Company (Perusahaan Listrik Negara / PLN) is ready to acquire a coal mining company.

"PLN seeks to secure long-term securitization of coal, which is important," Iwan said when met with media crews at the Ministry of Energy and Mineral Resources (ESDM) Jakarta, Friday (04/08/2017).

But Iwan has not been able to explain the detailed plans related to the acquisition efforts either related to the location, target acquisition and nominal investment required.

Iwan explains another thing that is so that the price does not go up and down it takes a long-term contract with the coal mine.

PLN claimed to have been given "green light" or permission from the government to start the acquisition process.

"Actually the fastest step is 'joint cooperation', some things are being considered, hopefully this year can be realized," said Iwan.

In addition, Iwan also explained that the actual investment in gas is cheaper, but coal operations are more targeted for this year first.

"We clearly want to continue to partner with mining entrepreneurs, so that business relations continue to run well," he said.

In the process of assessment according to him many who responded positively to the desire.

News Comment

Today's Industry

Ilustration Brand phishing (Photo by Technonlogy For You)

Rabu, 21 Oktober 2020 - 15:30 WIB

Microsoft is Now Most Imitated Brand by Hackers

Microsoft soars from 5th place in Q2 to 1st place in Q3 for brand phishing attacks, making up 19% of all global phishing attacks in July, August and September.

Friedhelm Best - Vice President Asia Pacific, HIMA (Photo by HIMA)

Rabu, 21 Oktober 2020 - 14:20 WIB

Pharma 4.0: How Technology Is Transforming an Industry

Digital advancements in areas like systems integration, track-and-trace technology, and deep learning are helping the industry optimize its supply chain, improve safety, and even develop new…

Evan Dumas, Regional Director, Southeast Asia, Check Point Software Technologies (Photo by Linkedin)

Rabu, 21 Oktober 2020 - 13:50 WIB

Key Pillars To Optimal Endpoint Security In Today’s Climate

What does it take for businesses to be confident in the resilience of their endpoint protection? Check Point shares 4 key pillars for optimal endpoint security solutions for CISOs and IT professionals…

L/R: Alwin Zecha, Founder - Pacific Leisure Group, Thailand; Hiran Cooray Chairman - Jetwing Symphony PLC, Sri Lanka; and Akbar Shareef, Chairman & Chief Executive - Rakaposhi Tours (Pvt) Ltd., Pakistan (Photo by Global Travel Media)

Jumat, 16 Oktober 2020 - 17:15 WIB

PATA Honours Industry Leaders, Pioneers and Professionals at 69th Annual General Meeting

The following awards were presented during the 69th Annual General Meeting held online PATA Gallery of Legends Award, PATA Life Membership, and PATA Chair’s Award.

Evan Dumas, Regional Director, Southeast Asia, Check Point Software Technologies (Photo by Linkedin)

Jumat, 16 Oktober 2020 - 17:00 WIB

3 Key Principles Businesses Must Keep In Mind When Securing the Remote Workforce

It is critical that organisations take steps to secure the remote workforce to prevent falling victim to the next cyber attack.