An Unhappy New Year for Coal Businesses
The government is imposing a coal export ban due to a supply crisis at several state-owned and private power plants. The business chain is in disarray.
A SUDDEN panic hit coal businesses on Friday afternoon, December 31, 2021. New Year’s Eve plans suddenly fell apart and company leaders were in dismay. “We’re super preoccupied. We called here and there,” Mohammad Arsjad Rasjid Prabu Mangkuningrat, Indika Energy Chief Executive Officer (CEO), told Tempo about the news on New Year’s Eve on Wednesday, January 5.
The commotion was prompted by a letter by the Energy and...
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