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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 October 09
2ND UNITED INDONESIA CABINET UNVEILED
The Jakarta Post reported that, President Susilo Bambang Yudhoyono announced his second United Indonesia Cabinet on Wednesday night, comprising 34 m ...
Thursday, 22 October 09
PEABODY SET TO TAP ASIAN DEMAND FOR COAL
The Australian reported that, US coal giant Peabody Energy plans to double its Queensland and NSW coal exports in the next five years, as it looks t ...
Wednesday, 21 October 09
INDONESIA POWER FIRM SEEKS TO DEFER COAL SUPPLIES
Reuters reported that, Indonesia's state power firm is negotiating with two coal producers, including a unit of PT Bumi Resources Tbk, to defer a c ...
Wednesday, 21 October 09
MINING REGULATION GENERATES CONFUSION IN INDONESIA
The Jakarta Globe reported that, Mining industry representatives said on Friday they were confused by a recently issued regulation restricting the w ...
Wednesday, 21 October 09
LAW ACCOMMODATES NATIONAL AND INVESTOR INTERESTS
COALspot.com (Indonesia): According to ESDM, the government has issued five Lawson the energy and mineral resources sector. These laws will prioriti ...
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- Latin American Coal - Colombia
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- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
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- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
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- Chamber of Mines of South Africa
- MS Steel International - UAE
- Petron Corporation, Philippines
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- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
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- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
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- Australian Coal Association
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- South Luzon Thermal Energy Corporation
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- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
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- VISA Power Limited - India
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- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- Commonwealth Bank - Australia
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- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
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- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
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- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
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- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
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- Madhucon Powers Ltd - India
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Leighton Contractors Pty Ltd - Australia
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- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
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- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
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- Bangladesh Power Developement Board
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- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
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- Energy Development Corp, Philippines
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- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
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- TeaM Sual Corporation - Philippines
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- Planning Commission, India
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- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
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- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
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- Thai Mozambique Logistica
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- Krishnapatnam Port Company Ltd. - India
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- Minerals Council of Australia
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- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Neyveli Lignite Corporation Ltd, - India
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- Indian Energy Exchange, India
- Heidelberg Cement - Germany
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