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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 $1.5 billion without the power project.
Reliance Coal Resources, a subsidiary of Reliance Power, will sign two MoUs with representatives of the governments of both the provinces in New Delhi on Tuesday. Reliance ADA Group chairman Anil Ambani and Indonesian President Susilo Bambang Yudhoyono are exected to be present during the occasion. Fiscal concessions, including land, are being offered to Reliance Power to make it attractive for them to invest in Indonesia, the official said. The investment for the development of the coal mine, rail & port infrastructure and the power project in Sumatra would be made in the next five years.
In 2010, Reliance Power's wholly owned subsidiary Reliance Coal Resources had acquired three coal mines owned by two companies PT Sriwijaya Bintang Tiga Energi and PT Brayan Bintang Tiga Energi in the South Sumatra province. The three mines are spread over 1,25,000 acres and have over 2 billion MT of coal. The Indonesian government is providing the other concessions as Reliance Power would develop the other projects associated with it which include the railway line, port and power.
Coal from these mines will be exported for Reliance Power's Krishnapatnam Ultra Mega Power Project in Andhra Pradesh. which is based on imported coal and also used for its 2000 mw project in Indonesia. These mines would ensure steady supply to the Krishnapatnam Project and also be more economical than other imported coal. Officials said talks are already on with banks to finance the first project in south Sumatra.
Source: The Times of India
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Thursday, 22 April 10
INDONESIAN COAL PRICE REFERENCE FOR MARCH 2010 - US$ 86.64/T
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has begun publishing a monthly coal price reference (HBA) to be use ...
Thursday, 22 April 10
NEED TO IMPORT 82 MT COAL IN FISCAL - INDIA COAL MIN
Indian Express reported that, anxious to bridge the ever-widening gap between the rising demand for coal and its inadequate supply, the Coal Ministr ...
Thursday, 22 April 10
DRY CARGO DEMAND EXPECTED TO INCREASE, FAVORING HIGHER FREIGHT RATES
Increased dry bulk cargo demand is expected to become the norm in the coming weeks and months, according to analysts, which in turn should sustain f ...
Thursday, 22 April 10
INDIA'S BORL SEEKS TO BUY INDONESIAS LOW - SULFUR COAL
COALspot.com: Bharat Oman Refineries Ltd, a joint venture company (promoted by Bharat Petroleum Corporation Ltd, India and Oman Oil Company Lt ...
Wednesday, 21 April 10
INDONESIA SHIPPED 13.24 PERCENT MORE COAL IN MARCH THAN A MONTH EARLIER
COALspot.com: Indonesia, the world largest coal exporter, shipped 27,615,191 MT of coal in March 2010, compare to 24.38 million tons in January and ...
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- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
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- Agrawal Coal Company - India
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- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
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- White Energy Company Limited
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- Billiton Holdings Pty Ltd - Australia
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- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
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- Indian Oil Corporation Limited
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- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Vijayanagar Sugar Pvt Ltd - India
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- Holcim Trading Pte Ltd - Singapore
- London Commodity Brokers - England
- Malabar Cements Ltd - India
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- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
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- PTC India Limited - India
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- Independent Power Producers Association of India
- Interocean Group of Companies - India
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- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
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- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Bharathi Cement Corporation - India
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- Bahari Cakrawala Sebuku - Indonesia
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- Baramulti Group, Indonesia
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- The University of Queensland
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- Eastern Coal Council - USA
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- Alfred C Toepfer International GmbH - Germany
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- The Treasury - Australian Government
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- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
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- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
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- Kartika Selabumi Mining - Indonesia
- Chamber of Mines of South Africa
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- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
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