State-Owned coal producer PT Tambang Batubara Bukit Asam Tbk (PTBA) have agreed to supply 1.85 million tons of coal worth Rp900.50 billion to two power plants this year.
In a press release today, Bukit Asam's Corporate Secretary said under the coal contracts agreement, Bukit Asam has committed to supply coals to power plant PLTU Tarahan, Lampung and PLTU Bukit Asam, South Sumatra.
"Coal price for supply to PLTU Tarahan has been agreed 8.6% higher to Rp570,000 per ton than last year. Bukit Asam has to supply 750,000 tons of coal with 5,000 kcal per kg GAR," he said.
According to him, Bukit Asam also agreed to increase coal price of 5.5% to Rp430,000 per ton. The company will supply 1.1 million tons of coal with 5,000 kcal per kg GAR. A higher coal prices will be effective for the whole of 2010.
Disclosure: No position at the stock mentioned above.
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