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Indonesia wants to ensure coal reserves before resuming exports

Indonesian Minister of Investment Bahlil Lahadalia has revealed that there is a possibility that the coal export faucet could be opened next week if the stock and reserves meet PT PLN power plant’s needs and domestic demands.
Indonesia wants to ensure coal reserves before resuming exports ảnh 1Excavators pile coal in a storage area at an Indonesian power plant in Suralaya, Banten province. (Photo: Reuters)
Jakarta (VNA) – Indonesian Minister of InvestmentBahlil Lahadalia has revealed that there is a possibility that the coal exportfaucet could be opened next week if the stock and reserves meet PT PLN power plant’s needs anddomestic demands.

According to Bahlil, he communicated with the Ministerof Energy and Mineral Resources to monitor the development of coal supply forthe domestic electricity sector.

Moreover, many countries have submitted objection lettersregarding the policy of banning coal exports because it is still winter andthere is an energy crisis.

Earlier, Indonesia's Ministry of Energy and MineralResources banned coal export from January 1-31 on all exporters holding IUP(Mining Business Licence), IUPK Production (Operation Special Mining BusinessLicence) and PKP2B (Concession Agreement).

The ministry said the policy aims to ensure fuelsupply to thermal power plants in the country and force domestic firms tocomplete their obligation of providing 25 percent of annual production to thedomestic market.

The government of Indonesia has revoked more than2,000 mining, plantation and forest-use permits which were deemed to not be inaccordance with the original function, Indonesian President Joko Widodoannounced on January 6./.
VNA
#Indonesia #coal export faucet #Minister of Investment Bahlil Lahadalia #Ministry of Energy and Mineral Resources #Vietnam #VietnamPlus #Vietnam news Indonesia
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