PTBA Coal Production Almost Touched 32 Million Tons

Coal (photo: dock. intermediate)

JAKARTA - PT Bukit Asam Tbk (PTBA) continues to improve operational performance until the third quarter of 2023. As of September 2023, PTBA's total coal production reached 31.9 million tons, growing 15 percent compared to the same period in 2022, which was 27.7 million tons.

Director of Finance and Risk Management, Farida Thamrin said, the increase in production was in line with the increase in coal sales volume by 15 percent to 27.0 million tons.

"The company continues to increase the portion of exports in a measured manner without ignoring domestic needs," he said at the Public Expose Live 2023 which was held online, Monday, November 27.

Meanwhile, until the third quarter of 2023, the Company recorded export sales of 11.2 million tons, an increase of 24 percent compared to the same period the previous year. Then the realization of the Domestic Market Obligation (DMO) was recorded at 51 percent.

"PTBA continues to optimize operational performance achievements and efficiency in all company business processes, in line with the target until the end of 2023," continued Farida.

From this production, PTBA recorded a net profit of IDR 3.8 trillion. In terms of revenue, PTBA posted IDR 27.7 trillion and the company's total assets as of September 30, 2023 amounted to IDR 36.0 trillion.

Strategic projects continue to run to support the Company's performance. Effective starting October 7, 2023, the South Sumatra-8 Mouth Mining Steam Power Plant (PLTU) (2x660 MW) has reached the Commercial Operation Date (COD) status, aka commercially operating.

This plant implements efficient and environmentally friendly Supercritical Steam Generator technology, as well as Flue Gas Susulfurization (FGD) technology to reduce exhaust emissions. This FGD technology can reduce sulfur dioxide from emission from exhausting coal-fueled power plants.

In addition, PTBA and PT Kereta Api Indonesia (Persero) or PT KAI agreed on a cooperation framework for the development of coal transportation for the Tanjung Enim Baru Keramasan relation on October 12, 2023.

"This is in line with the Company's target to increase the rail transport capacity to 52 million tons per year by 2024," concluded Farida.