- Indonesia’s Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan, has issued a statement affirming that coal supplies intended for use by Indonesia’s national electricity provider (Perusahaan Listrik Nasional – "PLN") and independent power producers ("IPP") are slowly improving. As a result, 14 ships loaded with coal that has already been purchased by foreign buyers will now be allowed to leave Indonesia in order to complete the relevant exports. However, various barges filled with coal intended for export are still being directed towards Steam-Electric Power Stations (Pembangkit Listrik Tenaga Uap – "PLTU") across the nation.
- The government is planning to reevaluate its coal export policy on Wednesday, 12 January 2022. This reevaluation will address possible adjustments to the export mechanism and the fulfillment of the coal-mining industry’s domestic market obligations. If any openings for coal exports emerge in the wake of this process, then the current export ban will be relaxed on a gradual basis. Furthermore, 14 days after the reopening of Indonesian coal exports, all coal supply contracts for PLN and IPP for 2022 will address monthly allocations to suppliers and PLTU.
- Finally, Mr. Pandjaitan has also requested that future coal supply contracts signed by PLN should feature cost, insurance and freight (CIF) agreements, whereby future coal shipments become the responsibility of coal suppliers, freeing up PLN to focus on its core business, i.e. the provision of electrical power to Indonesian citizens. (ANT)
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