Indonesian coal firm eyes Vietnamese market
(VOV) - Indonesian coal mining company Bukit Asam (PTBA) plans to build a thermal power plant in Vietnam, said PTBA director Milawarma.
Milawarma revealed that his firm will also get involved in exploration and supply of coal to the Vietnamese market, alongside its plan to run business in Myanmar.
In the first half of this year, PTBA exported 500,000 tonnes of coal to Vietnam, which the firm considered a potential market as the Vietnamese energy industry sought to power the country’s rapid economic growth.
In Indonesia, the State-owned PTBA is implementing projects to build many power plants, including 2x8 MW Lampung, 2x 110 MW Banjarsari and 3x 10 MW Enim in southern Sumatra, which are expected to be operational later this year and in early 2014.
PTBA exports 55% of its annual output. Between January-June 2013, it sold 8.81 million tonnes for US$527 million up 20% in volume but down 6% in value due to lower prices on the global market.