Tuesday, August 29, 2006

Lower levies on low calorie coal

Indonesia to implement lower levies on low calorie coal in a move to boost investment and production for alternative energy such as coal liquefication or coal gasification, Bisnis Indonesia reported.

Currently all coal output is subject to 13.5% of what popularly known as Dana Hasil Produksi Batubara (Coal Production Revenue) paid to the state. Under the new program, high calorie would be subject to 13.5% and low calorie coal at 7%.

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