Indonesia’s coal consumption for power generation is likely to rise by 3.1% next year compared to 2021, Reuters reported. Indonesia is expected to burn 119 million metric tons (mt) in 2022, Zulkifli Zaini, chief executive of state utility Perushaan Listrik Negara (PLN), told parliament, up from the 115.6 million mt of coal set to be used this year. Coal demand by PLN itself is expected to be about 68 million mt next year, while nearly 51 million mt is likely to be used by independent power plants, data presented by Zulkifli showed. Demand from PLN is expected to slow in 2022, but demand from independent power plants is set to increase, the data showed.
Indonesia’s coal production and exports rose in the January to October period, Energy Ministry’s Director General of Minerals and Coal Ridwan Djamaludidin reported at the same hearing. Production through October rose 9.4% to 512 million mt, up from 468 million mt in the same period last year. January-October exports rose 36.6% to 367 million mt from 269 million mt last year.
Indonesia set its benchmark coal price at a record-high $215.01/mt during mid-November in anticipation of higher demand for winter.