SKK-Migas dangles the carrot of low gas prices to electric IPP’s but fails to mention the artificially low returns to IPP based on 85% of wholesale price of coal generated power , so PLN can earn 15% off the top.
On one hand govt revenue from gas sales have decreased where gas generated power has declined (and there is a policy forecast Indonesian wide reduction of gas generated power until 2030) yet govt revenue from coal production has increased where coal is used as the alternative energy source, doesn’t mention that either, just the required annual increased extraction of gas in the face of less allocated for electricity doh. Govt owned PLN continues to build and own and support coal fired generators while SKK-Migas want upstream investment confidence to continue on higher capital cost / mwhr solar, renewable and gas projects which PLN aren’t building.
One elephant in the room situation is Govt revenue from gas would have increased had Sengkang LNG plant construction not been shutdown for fictitious reasons by whoever was behind the land zoning court case and BP-Migas which is SKK-Migas predecessor.
We know who filed the court case but who was the instigator and what was the reason ? and to whose local benefit was the court order overturned ?
- Forums
- ASX - By Stock
- PLN AT FAULT NOT EWC
SKK-Migas dangles the carrot of low gas prices to electric IPP’s...
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EWC (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.2¢ |
Change
0.001(9.09%) |
Mkt cap ! $36.94M |
Open | High | Low | Value | Volume |
1.1¢ | 1.2¢ | 1.1¢ | $1.542K | 130.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1438889 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 267104 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1438889 | 0.011 |
4 | 794999 | 0.010 |
4 | 1325555 | 0.009 |
3 | 720000 | 0.008 |
2 | 260000 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 267104 | 2 |
0.014 | 601056 | 2 |
0.015 | 1318832 | 3 |
0.016 | 250000 | 1 |
0.017 | 21200 | 1 |
Last trade - 15.35pm 03/05/2024 (20 minute delay) ? |
|
|||||
Last
1.2¢ |
  |
Change
0.001 ( 9.09 %) |
|||
Open | High | Low | Volume | ||
1.1¢ | 1.2¢ | 1.1¢ | 70567 | ||
Last updated 15.35pm 03/05/2024 ? |
Featured News
EWC (ASX) Chart |