The increasing crude Oil Price and its scarcity have made every countries need alternative energy. Thanks for that, Indonesian commodities emerging in the international market, such as Crude Palma Oil and coal. The latest commodity, Coal has become the rising star recently. Coal was more suitable, because it had been use since a long time, easy to use, unlike CPO and the price not as expensive as crude oil.
Lucky for Indonesia! because we are the 3rd of the biggest coal production after Australia. By the end of this year, Indonesia wiil be produced at least 230-235 million tones coal. With the price 120USD/pertonnes for 6.000 kilo calories, and the increasing demand of domestic and international market, Indonesia will have so much a wind fall profit.
But, at the same time Indonesia is also advancing some more challenge. First, it’s about how to manage this black gold reserve, supply security for domestic needs and the percentage of royalty. Conserving these commodities in this condition is hard for the national coal producer. But it will be the responsibility of Government to regulate that. “We had taken care of it by making a export quantity limit for the company who exporting the commodities,” said Simon Felix Sembiring, Director general Mineral and Coal from Energy Mineral Resources Department in Jakarta, last week
The second challenge is how to provide coal supply for the domestic need. As you know the rocketing demand of the black gold in international market has been harming the national industry, such as cement industry, textile, etc. Whatever is about price or the amount of supply stability? Indonesian National Electric Company (PLN) has recently complaining about that. Sembiring explained that there is no need to be worried about the domestic supply stability. “We had produced million tones of coal while the domestic demand was only 48-50 million tones. There is a lot of spare for us,” he said.
He also said that, the government has made a strict article in the coal company contract. “It had been written in their contract that they must fulfill the domestic need in the first place of all,” he said. And for the price, he added, is always be the lowest export price that the coal company has. “I think its fair enough,” he said.
The other challenge is the spare of royalty to Indonesia Government... With only 13, 5% share, of course it was only a tiny value for the Producer. Nowadays, some people said that 13, 5% is not fair enough. Sembiring disagree with that. The percentage share for Indonesian Government based on the rigid calculation that fairly fair for everyone. But, Sembiring said that government plans to modify the royalty. “Its royalty in cash and royalty in kind composition,” he said. The royalty in kind let us have the spare commodities. Sembiring explained that with the royal in kind, we could blend it and sell it by ourselves or to be use by the PLN, he said.
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