In order to combat the potential of slowing export demand, Indonesia’s coal miners are increasingly investing in domestic power projects. The government has committed to build an ambitious 35GW power plant to the existing installed capacity of 47GW. About 60% of the total 35GW will be supported by the coal-fired power plants. The government’s commitment to push its infrastructure and industrial development will subsequently mean the increase in the demand for coal consumption. The Indonesian Coal Mining and Association predicted that the coal consumption for electricity will increase by 10% CAGR in 2015-2024.
In this project, we partnered with PT Raya Fortuna Energi, who own mining concessions in Murung Raya, Central Kalimantan, Indonesia. This project comprises of the development of infrastructure networks such as the construction of a hauling road at the coal mines and infrastructure facilities at the jetty.
PT Raya Fortuna Energi has been in the coal business for more than a decade and their past transactions include companies like KTC, Itochu Corporation, Sojitz Corporation and LG International Corporation.