LAHORE, January 18: : Indonesia Ambassador Adam M Tugio has said that his country can meet Pakistan’s rising demand for coal in power, cement and other large scale manufacturing industries (LSMI).
The Indonesian ambassador said this during a meeting with prominent businessmen of the provincial capital, which was held to promote bilateral cooperation, especially the Indonesian coal in Pakistan, said a statement issued on Tuesday.
Tugio said that his country currently exports 8.51 million tonnes of coal to the world market, accounting for 26 percent of the total global coal exports. “By knowing exactly the nominal demand for coal along with the specifications, the demand for coal products will easily be consolidated through a consortium of Indonesian exporters to meet specific demands here,” he remarked.
He said the figures show that Pakistan’s demand for coal is continuously increasing every year. In 2020, the total import value of coal (coal, briquettes) was US$1.233 billion, while Indonesia’s exports to Pakistan were merely $224 million (3,520 million tonnes), he informed. The Indonesian envoy said that Indonesia still has the potential to increase exports to meet Pakistan’s coal market requirement of around US$ 1.008 billion.
“Through modern approaches, it is hoped that the combination of large-scale Pakistani companies can maintain supply chain continuity and control the quality of the imported coal, and the consortium of Indonesian suppliers will obtain certainty and continuity of orders from the group of Pakistani companies,” Tugio added.
The meeting was attended by several businessmen from different sectors, such as textile industry, steel, ceramic and cement, all of which have the potential to import coal for their energy generators. -PR
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