Indonesia's PLN appoints KPC to supply coal - sourcesJAKARTA, March 18 (Reuters) - State electricity firm Perusahaan Listrik Negara (PLN) appointed PT Kaltim Prima Coal to supply 1 million tonnes of coal per annum to Tanjung Jati B power plant in Central Java, sources close to the tender on Wednesday.
KPC, a unit of coal giant PT Bumi Resources Tbk (BUMI.JK), will sign a contract to deliver the coal starting in June for five years at around 740,000 rupiah ($61.87) a tonne, for 5,800 kcal/kg, a source said.
But PLN has not officially awarded the supply deal, waiting approval from the board of directors, the source said.
"It's just an administration issue. It is in the process of being approved. If all goes well, the tender committee will announce it this week," the source said.
KPC beat another coal supplier PT Indominco Mandiri, a unit of Indo Tambangraya Megah, another source said. ($1=11,960 Rupiah)
Source: Reuters (18 Mar 2009)
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