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Tuesday, 25 January 11
R-POWER TO INVEST $5BN IN INDONESIA - THE TIMES OF INDIA
 The Times of India reported that, In what is being seen as one of the largest foreign investments in Indonesia, Reliance Power will infuse $5 billion (around Rs 22,000 crore) in two projects-one each in South Sumatra and Jambi provinces. The investment covers coal mining, setting up of railway lines, ports and power projects.
According to a senior company official, who did not wish to be identified, the project in South Sumatra involves development of a 2- billion MT coal mine, a 200-km railway line, a port and a 2,000-MW power project at a cost of $3.5 billion. The project in Jambi involves another coal mining unit, along with a port, railway line and a small power plant. It will cost $1.5 billion without the power project.
Reliance Coal Resources, a subsidiary of Reliance Power, will sign two MoUs with representatives of the governments of both the provinces in New Delhi on Tuesday. Reliance ADA Group chairman Anil Ambani and Indonesian President Susilo Bambang Yudhoyono are exected to be present during the occasion. Fiscal concessions, including land, are being offered to Reliance Power to make it attractive for them to invest in Indonesia, the official said. The investment for the development of the coal mine, rail & port infrastructure and the power project in Sumatra would be made in the next five years.
In 2010, Reliance Power's wholly owned subsidiary Reliance Coal Resources had acquired three coal mines owned by two companies PT Sriwijaya Bintang Tiga Energi and PT Brayan Bintang Tiga Energi in the South Sumatra province. The three mines are spread over 1,25,000 acres and have over 2 billion MT of coal. The Indonesian government is providing the other concessions as Reliance Power would develop the other projects associated with it which include the railway line, port and power.
Coal from these mines will be exported for Reliance Power's Krishnapatnam Ultra Mega Power Project in Andhra Pradesh. which is based on imported coal and also used for its 2000 mw project in Indonesia. These mines would ensure steady supply to the Krishnapatnam Project and also be more economical than other imported coal. Officials said talks are already on with banks to finance the first project in south Sumatra.
Source: The Times of India
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Wednesday, 20 October 10
ADANI THE LARGEST COAL IMPORTER OF INDIA IS NEGOTIATING WITH COAL INDIA LIMITED FOR A SUPPLY AGREEMENT - TOP NEWS
Top News reported that, negotitations are very much on between Adani Enterprises, the biggest coal importer of the country and Coal India Limited, t ...
Wednesday, 20 October 10
UAE FIRM IN INDONESIA RAIL DEAL - GULF NEWS
Gulf News reported that, construction of a 140-kilometre railway in Indonesia, initiated by RAK Minerals and Metals Investments (RMMI) will start ne ...
Wednesday, 20 October 10
CAPESIZES FINDING SUPPORT IN IRON ORE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although the beginning of the week wasn’t the rosiest one for the dry bulk market, last week proved a cheerful one for dry bulk ship owners, e ...
Saturday, 16 October 10
BDI WAS MARGINALLY UP BY 2.45 PCT LAST WEEK - VISTAAR SHIPPING
COALspot.com: The BDI seemed to lose the moment compared to last week and was marginally by 2.45 pct and closed at 2,762 points.
Also the Cape in ...
Friday, 15 October 10
VALUE ADDED TAX FOR COAL TO RE-INTRODUCE IN INDONESIA
COALspot.com: Indonesian government is drafting a ministerial decree to re-introduce value added tax for coal and mineral. Coalindo weekly news lett ...
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- South Luzon Thermal Energy Corporation
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- Kapuas Tunggal Persada - Indonesia
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- Timah Investasi Mineral - Indoneisa
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- Metalloyd Limited - United Kingdom
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- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
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- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
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- Edison Trading Spa - Italy
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- Mjunction Services Limited - India
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- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
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- Alfred C Toepfer International GmbH - Germany
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- London Commodity Brokers - England
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- Banpu Public Company Limited - Thailand
- Parliament of New Zealand
- The University of Queensland
- Planning Commission, India
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- Electricity Generating Authority of Thailand
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- LBH Netherlands Bv - Netherlands
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- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Orica Mining Services - Indonesia
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- Salva Resources Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
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- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
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- Indian Oil Corporation Limited
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- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
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- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
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- Bangladesh Power Developement Board
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- Electricity Authority, New Zealand
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- Romanian Commodities Exchange
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- Economic Council, Georgia
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- Ministry of Finance - Indonesia
- Baramulti Group, Indonesia
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- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
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