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Related company : PERUSAHAAN LISTRIK NEGARA

Related company : PERUSAHAAN LISTRIK NEGARA

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Indonesia caps domestic coal price for power stations

Summary
The Jakarta Globe, March 12, 2018
The government has capped the price of domestic coal for power stations at $70 a metric ton for two years, in new rules issued this week. Indonesia is the world's biggest exporter of the dirty fuel and the rules could hit miners currently enjoying coal prices at their highest level in five years. With elections looming in 2019, the government plans to keep electricity tariffs unchanged this year and next, and the cap on thermal coal for power is intended to shield state-owned utility Perusahaan Listrik Negara (PLN) from price fluctuations.
 
 

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