Genesis Energy axes Indonesian coal imports as Huntly use falls

Fri, 24 Jan 2014

Jan 24 (BusinessDesk) – State-owned electricity generator Genesis Energy, slated for partial privatisation in the first half of this year, has paid to extract itself from contracts that saw it importing coal from Indonesian suppliers. The only coal-fired power generator in the country will now rely on its own stockpiles and state-owned coal miner Solid Energy for its dwindling need to use coal to produce electricity, the company’s chief executive, Albert Brantley, said in a statement this afternoon. It has renegotiated a supply contract with...

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