Indonesia to stop exports of power-grade coal
Kolkata: The Indonesian government will gradually stop export of mid and low calorific value coal suited for the power sector from the current year, an official of Indonesia's embassy said Thursday.
"The 2013 regulations have it that low and mid calorific value coal will not be allowed to be exported from Indonesia. The coal will be used to boost the domestic power sector in the country," economic counsellor of Indonesian embassy in India Otto Riadi said here.
Indonesia had set up its own price standard which was introduced last year, Riadi told reporters on the sidelines of an interactive session organised by Indian Chamber of Commerce here.
So far, Indonesia had been allowing exports of coal lesser than 5300 kilo cal (mid calorific value). But that would stop, he said.
He said following the Indonesian government move, coal traders who did not have any mines in that country would be affected.
Indian companies which owned mines in Indonesia would be allowed to import such power-grade coal in a limited way, he added.
Mining contributed a substantial proportion to the country's GDP, Riadi said.
He also said Indonesia is also inviting Indian investments in the country's power sector.