Vinacomin to buy coal from Indonesia

The Vietnam National Coal and Mineral Industries Group (Vinacomin) has recently signed a framework contract to buy 3.5 million tonnes of coal from Indonesia ’s PT Berau company and Indonesia-based Maintime company of Hong Kong .

The group said the coal will be used for the Vinh Tan 1 thermal power plant, which is part of the Vinh Tan power complex designed to have a capacity of 4,400 MW in southern Binh Thuan province.

Early June, Vinacomin officials met with representatives from the PT Berau, Oxbow Coal, Siam Cement Trading, Sojitz and Cincor Coal in Indonesia to inquire into opportunities to import coal.

Vinacomin said the import of coal is getting more difficult due to increases in both coal demands and prices in the world market.

In addition to the negotiations with Indonesian coal traders, Vinacomin sent officials to Australia to seek coal import contracts for local thermal power plants.

VNA

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