Indonesian Power Generators Not Seeking Coal Until 2014

Bloomberg reported that Indonesian coal power generators will not sign new agreements until at least 2014, due to adquate existing supply to generate fuel.

As quoted in the market report:

Coal demand for electricity generation from Listrik Negara and private power stations may rise to 67.8 million tons in 2014 from 54 million in 2012, according to data from the company. Consumption may exceed contracted supplies of 88.7 million tons in 2015 as Indonesia plans to burn more coal to compensate for declining oil output and cut its oil subsidy.

To view the whole Reuters report, click here.