KPC Wins Coal Supply Contract

Kamis, 19 Maret 2009 - 09:39 WIB

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VIVAnews - PT Kaltim Prima Coal (KPC) has won a contract to supply coal to Tanjung Jati B steam-based power plant in Jepara, Central Java. According to Basuki Siswanto, General Manager of Tanjung Jati B Power Plant, KPC won the five-year contract because it offered the most competitive price, compared to other tender participants.

“KPC offered the lowest price, and it is currently in the process of being approved by the board of directors of PLN (State-owned Electricity Company),” he said on Wednesday, March 18.

KPC beat four other tender participants, including Berau Coal and Indominco, an anonymous source said. They are currently in the process of finalizing the tender documents.

KPC will supply coal for the next five years at 1 million tons per year starting from July 2009. The agreed price was Rp 740,000 (approx. US$61.87) per ton.

“KPC has won the tender, but it still has to wait for the final decision from PLN, it is only administrative issue. It will be announced shortly,” the source said.