{"id":511242,"date":"2022-08-02T17:26:25","date_gmt":"2022-08-02T11:56:25","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=511242"},"modified":"2022-08-02T17:26:25","modified_gmt":"2022-08-02T11:56:25","slug":"thai-ptt-sells-coal-business-to-indonesias-astrindo-for-471-mln","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/thai-ptt-sells-coal-business-to-indonesias-astrindo-for-471-mln\/","title":{"rendered":"Thai PTT sells coal business to Indonesia&#8217;s Astrindo for $471 mln"},"content":{"rendered":"<p>Thai state-owned energy firm PTT Pcl said on Tuesday it had agreed to sell its coal unit to Indonesia&#8217;s PT Astrindo Nusantara Infrastruktur Tbk for $471 million, as the company moves out of the coal business entirely.<\/p>\n<p>The sale was aligned with PTT&#8217;s strategy to move towards sustainability and clean energy, chief executive Auttapol Rerkpiboon said.<\/p>\n<p>The announcement came as global coal demand is set to match a record high reached nearly a decade ago.<\/p>\n<p>Astrindo said the deal, which includes coal concessions in Brunei Darussalam, Madagascar and three mines in Kalimantan, Indonesia, will have a &#8220;substantial&#8221; impact for the company.<\/p>\n<p>&#8220;Our financial performance in 2022 will show a significant jump given the current price of coal,&#8221; Astrindo Director Michael Wong said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thai state-owned energy firm PTT Pcl said on Tuesday it had agreed to sell its coal unit to Indonesia&#8217;s PT Astrindo Nusantara Infrastruktur Tbk for $471 million, as the company moves out of the coal business entirely. The sale was aligned with PTT&#8217;s strategy to move towards sustainability and clean energy, chief executive Auttapol Rerkpiboon said. The announcement came as global coal demand is set to match a record high reached nearly a decade ago. Astrindo said the deal, which includes coal concessions in Brunei Darussalam, Madagascar and three mines in Kalimantan, Indonesia, will have a &#8220;substantial&#8221; impact for the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[131],"tags":[],"class_list":["post-511242","post","type-post","status-publish","format-standard","hentry","category-coal"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/511242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=511242"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/511242\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=511242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=511242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=511242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}