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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, 22 July 09
TAIPOWER RECEIVES 37 OFFERS IN TENDERS
State utility Taiwan Power has received offers for 37 panamax cargoes of bituminous and sub-bituminous coal in two tenders involving 12 panamax ship ...
Wednesday, 22 July 09
PRIME MINISTER APPROVAL SOUGHT TO HIKE COAL PRICES IN INDIA
PTI reported that decrying the low prices of the industrial fuel, the coal ministry will approach Dr Manmohan Singh PM of India next month for raisi ...
Tuesday, 21 July 09
BHATIA SAYS GETS ORDER FOR 800,000T COAL FROM KPCL
Reuters reported that, Indian traders Bhatia received on Tuesday a purchase order for 800,000 tonnes thermal coal at $63.00 C&F from Karnataka P ...
Tuesday, 21 July 09
NZ'S PIKE RIVER SAYS SELLS COAL AT $128 PER TONNE
Reuters reported that, New Zealand miner Pike River Coal said on Tuesday it had sold its premium hard coking coal at $128 a tonne for the curr ...
Tuesday, 21 July 09
NEWCASTLE COAL EXPORTS FALL 5%, SHIP QUEUE INCREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 5 per ...
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- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
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- Central Electricity Authority - India
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- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
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- Electricity Generating Authority of Thailand
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- Straits Asia Resources Limited - Singapore
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- The Treasury - Australian Government
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- Directorate General of MIneral and Coal - Indonesia
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- Planning Commission, India
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- Indian Oil Corporation Limited
- Petron Corporation, Philippines
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- Metalloyd Limited - United Kingdom
- Indonesian Coal Mining Association
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- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
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- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
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- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
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- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
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- Rashtriya Ispat Nigam Limited - India
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- Electricity Authority, New Zealand
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- Global Coal Blending Company Limited - Australia
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- Independent Power Producers Association of India
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- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
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- Cement Manufacturers Association - India
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- PTC India Limited - India
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- Global Green Power PLC Corporation, Philippines
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- Energy Link Ltd, New Zealand
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- Oldendorff Carriers - Singapore
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- The University of Queensland
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
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- Semirara Mining and Power Corporation, Philippines
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- Georgia Ports Authority, United States
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- Minerals Council of Australia
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- Deloitte Consulting - India
- McConnell Dowell - Australia
- Bhoruka Overseas - Indonesia
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- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
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