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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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Monday, 01 June 09
LAHAT RELIES ON COAL FOR GROWTH
Lahat regency in South Sumatra spans 6,618.27 square kilometers, encompasses 19 districts and covers 528 subdistricts and villages. It is inhabited ...
Monday, 01 June 09
LANDED COST OF IMPORTED COAL HAS INCREASED BY 10 - 15% COMPARE TO EARLY THIS YEAR - PAKISTAN TRADERS
COALspot.com (Pakistan): Due to visiting non commercial vessels occupied commercial berths in Karachi port, coal carrying vessels were sufferi ...
Monday, 01 June 09
LAHAT RELIES ON COAL FOR GROWTH - THE JAKARTA POST
Lahat regency in South Sumatra spans 6,618.27 square kilometers, encompasses 19 districts and covers 528 subdistricts and villages. It is inhabited ...
Saturday, 30 May 09
THE CHINESE IMPORTS OF IRON ORE,COAL AND NICKEL ORE SEEMED TO BE STEADY - VISTAAR SINGAPORE
COALspot.com (Singapore): VISTAAR Shipping Pte Limited, an experienced ship operator from Singapore,said, the Baltic index rally continued this week ...
Saturday, 30 May 09
COAL INDIA SIGNS FUEL SUPPLY AGREEMENT WITH NTPC - SINDHTODAY
India’s largest coal miner Coal India Friday inked a much-awaited fuel supply agreement (FSA) with power generation major NTPC Ltd.
In the ...
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- Africa Commodities Group - South Africa
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- Edison Trading Spa - Italy
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- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- Bahari Cakrawala Sebuku - Indonesia
- OPG Power Generation Pvt Ltd - India
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- The University of Queensland
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- Australian Coal Association
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- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Semirara Mining Corp, Philippines
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- Pipit Mutiara Jaya. PT, Indonesia
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- Jaiprakash Power Ventures ltd
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- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Merrill Lynch Commodities Europe
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- Bhoruka Overseas - Indonesia
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- Planning Commission, India
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- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vedanta Resources Plc - India
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- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
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- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
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- Anglo American - United Kingdom
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- ICICI Bank Limited - India
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- London Commodity Brokers - England
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- VISA Power Limited - India
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
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- Parliament of New Zealand
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- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- CNBM International Corporation - China
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- Indian Oil Corporation Limited
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- SMC Global Power, Philippines
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- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
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- Ministry of Mines - Canada
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- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
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- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
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- Power Finance Corporation Ltd., India
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- Petron Corporation, Philippines
- Malabar Cements Ltd - India
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- Altura Mining Limited, Indonesia
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