One of the world’s biggest coal producers battles to keep lights on - FT中文网
登录×
电子邮件/用户名
密码
记住我
请输入邮箱和密码进行绑定操作:
请输入手机号码,通过短信验证(目前仅支持中国大陆地区的手机号):
请您阅读我们的用户注册协议隐私权保护政策,点击下方按钮即视为您接受。
印度尼西亚

One of the world’s biggest coal producers battles to keep lights on

Indonesia’s attempt to contain prices at home has discouraged companies from supplying the local market
00:00

{"text":[[{"start":7.34,"text":"One of the world’s biggest coal producers has suffered a summer of blackouts, leaving homes and businesses across south-east Asia’s biggest economy with erratic power."}],[{"start":17.64,"text":"Indonesia last year cut mining quotas by nearly a quarter as part of efforts to boost prices for producers. That, combined with rising costs linked to the war in Iran, slowed output in the third-largest producer of thermal coal. Output then rose as providers sought — with limited success — to resolve the shortages."}],[{"start":37.6,"text":"Businesses have borne the brunt across the archipelago, where fossil fuel accounts for two-thirds of all electricity generated there."}],[{"start":44.74,"text":"This week President Prabowo Subianto summoned energy minister Bahlil Lahadalia and ordered his office and state utility PLN to “speed up the handling of power outages that are still taking place in a number of areas”."}],[{"start":58.32,"text":"Indonesia relies on cheap coal plants to power its nickel processing sector, a crucial economic driver and cornerstone of the global supply chain for stainless steel and electric vehicles. The shortages highlight Jakarta’s reliance on coal, despite its commitment to retiring coal plants within the next 15 years and the lack of investment in renewable infrastructure."}],[{"start":79.68,"text":"“Indonesia’s power sector still relies heavily on coal despite its abundant renewable energy potential,” said Yusuf Kresna, energy finance analyst at the Institute for Energy Economics and Financial Analysis."}],[{"start":92.64,"text":"“Expanding solar, wind and hydropower would . . . strengthen long-term energy security.”"}],[{"start":98.1,"text":"At the heart of the recent crisis is a longstanding policy of forcing miners to sell a portion of their coal output to domestic buyers at below-market prices."}],[{"start":null,"text":"

"}],[{"start":107.52,"text":"Under the so-called domestic market obligations (DMO) established in 2009 to ensure domestic supply, curtail prices and protect PLN, all coal miners are required to sell a quarter of their production to local buyers."}],[{"start":121.44,"text":"Sales to the grid are capped at $70 per metric tonne — a price set in 2018 and far below current market prices. Instead of increasing the amount of coal available on the Indonesian market, the policy has encouraged some buyers to pay a non-compliance penalty rather than sell locally."}],[{"start":138.6,"text":"The amount of coal available also shrank after the energy ministry set the coal-mining quota at 600mn tonnes, down from 790mn last year, in an effort to stabilise prices. Among those hardest hit by the resultant shortages were the nation’s small businesses. The vast majority of the country’s estimated small enterprises do not have any backup if power fails, said the Indonesian Micro and Small Businesses Association."}],[{"start":166.38,"text":"“The production quota cuts are a major factor [for the blackouts], exacerbated by the longstanding issue of coal price and quality disparities,” said FH Kristiono, head of coal studies of the Association of Indonesian Mining Professionals."}],[{"start":181.6,"text":"Non-compliance with domestic quotas is also thought to have risen because of higher production costs linked to the Iran war, experts said."}],[{"start":189.32,"text":"“Indonesia already has strict penalties for companies that fail to meet their DMO obligations. The challenge is ensuring these rules are consistently enforced and monitored,” said Kresna. “More importantly, the long-term solution is to reduce reliance on DMO by accelerating renewable energy deployment and retiring inefficient coal-fired power plants,” he said."}],[{"start":210.8,"text":"PLN and the energy ministry did not reply to requests for comment. PLN previously denied that a coal shortage hit power supply. It has instead cited “technical issues” at two major plants on the island of Java and repairs at a plant in Kalimantan."}],[{"start":226.46,"text":"The government also initially rejected the idea that its policies had resulted in blackouts. Energy minister Lahadalia has said the government will study the possibility of reviewing the price cap."}],[{"start":237.12,"text":"Any “solution must also address the structural issue”, said Kristiono. The domestic obligation “significantly reduces profitability for mines”, he added."}],[{"start":252.16,"text":""}]],"url":"https://audio.ftcn.net.cn/album/a_1786328777_3966.mp3"}

版权声明:本文版权归FT中文网所有,未经允许任何单位或个人不得转载,复制或以任何其他方式使用本文全部或部分,侵权必究。

能源危机加剧,燃料补贴拖累公共财政

过去四个月,出台燃料补贴以保护消费者免受价格飙升影响的国家数量增加了一倍多,各国财政压力进一步加重。

全球最火热股市为何反成韩国之累

韩国股价的剧烈波动正在损害国家形象。

必须采用不同方式监管金融领域的AI

在我们急于监管之前,我们应该思考如何不剥夺这项工具的益处,又管理好其造成伤害的风险。

他会成为印度尼西亚下一任总统吗?

德迪•穆利亚迪在社交媒体上的高度活跃,帮助他与选民建立起深厚联系。在许多人眼中,他是一个真正贴近民众的“自己人”。
9小时前

多边主义不是理想主义,而是现实必需

我们需要加强现有合作体系,而不是另起炉灶。

一周展望:日本央行担心通胀超调有没有道理?

投资者正评估日本央行将以多大力度继续加息,以及该行能否跑赢曲线,从而遏制通胀、支撑日元。
设置字号×
最小
较小
默认
较大
最大
分享×