You are here: Home » Reuters » News
Business Standard

Indonesia caps domestic coal price at $70/T for 2 years: media

Reuters  |  JAKARTA 

JAKARTA (Reuters) - Indonesia has moved to cap prices of domestic coal for power at $70 per tonne for two years, the Energy and Mineral Resources Minister said, according to media reports on Friday. The government plans to keep electricity tariffs unchanged this year and next, and the cap on thermal coal for power is intended to shield state-owned utility Perusahaan Listrik Negara (PLN) from price fluctuations. "We've fixed prices for every transaction at $70 per tonne or HBA, whichever is lower," Energy Minister Ignasius Jonan said on the sidelines of an industry event in Kalimantan on ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, March 09 2018. 10:34 IST