Tender Procurements and Contract Opportunities Indonesia

JAKARTA: South Korean power company, Korea East-West Power Co. Ltd. (EWP), began to target the Indonesian coal mine land as a form of business expansion, as well as securing fuel supply such companies generating projects.

Executive Auditor EWP Lee Jung-Won revealed until now the company did not have a coal mine in Indonesia. In fact, approximately 40% of the total coal consumption of the company that reached about 64 million tons per year, comes from Indonesia.

"We do not have a coal mine in Indonesia, but we planning to buy [land mines]. We are still looking for that opportunity, "he said, today.

According to him, coal imported from Indonesia is used as fuel for several power projects in several countries, like India, Japan, the Philippines and South Korea.

Deputy General Manager of Overseas Business Division EWP Bang Min Tae company added in the last year to import coal from Indonesia as many as 25.6 million tons just to supply fuel plant in South Korea.

"In total we are consuming 64 million tons of coal each year, but it was also to meet the needs of all our plant operations overseas. So, we wanted to buy a coal mine in Indonesia, "he said.

Associated with readiness funding, he said until now his side are still looking for the best mining areas that have not known how the funds should be prepared. (Jha)

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