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Wednesday, 26 January 11
ADANI TO SET-UP RAIL, PORT AND POWER PROJECTS IN INDONESIA - MONEYCONTROL
 Moneycontrol reported that, Adani Enterprises, the flagship company of India’s infrastructure conglomerate the Adani Group, today announced the signing of an agreement for a setting up of a 'Rail and Port project' with the Regional Government of Sumatra Selatan, Indonesia and PT Bukit Asam Tbk, a Government of Indonesia coal mining company.
Estimated to cost USD 1.65 billion, the Rail and Port project will be executed by PT Adani Global, a step-down subsidiary of Adani Enterprises, over a period of 48 months. It will involve the construction of a 250 km railway line and port infrastructure by Adani needed for the transportation and ship loading of upto 60 mmtpa of coal.
The Adani Group chairman Gautam Adani today signed this landmark pact with H E Alex Noerdin, the Governor of the South Sumatera province of Indonesia and Mr Sukrisno, President Director, PT Bukit Asam Tbk in the august presence of the Indonesian President – HE Susilo Bambang Yudhoyno. This agreement is pursuant to a tripartite memorandum of understanding signed in August 2010. It reaffirms key milestones and principles of this major infrastructure project.
Commenting on the historic development, Mr. Gautam Adani, Chairman – Adani Group said, “India and Indonesia jointly can be shining examples of nation building through co-operation. The Adani Group is committed to creating win-win situations through private-public partnerships for mutual benefit and this is a huge step in that direction. Driven by our philosophy of innovation, courage and trust; we at Adani are committed towards coal mining and development of a world class port, rail and power infrastructure in Indonesia. Today, we re-affirm our pledge to continue this partnership for creating a robust infrastructure in South East Asia”.
Adani further added, “We at Adani Group are clearly focused on the energy sector and constantly strive to enhance our coal value chain. These initiatives in Indonesia, Australia and even in India will bring us closer to achieve our stated goal of 20,000 MW of power generation, 200 MMTPA of coal mining, 200 MMTPA of cargo handling and owning 20 capesize ship by 2020.”
The 250 km railway line will help connect Tanjung Enim, the coal mining area to Tanjung Carat, where the Adani Group will set up a world class port for evacuating the coal.
PT Bukit Asam Tbk, one of Indonesia’s leading coal producers with the largest coal reserve in the country, has conferred “coal purchase rights” to PT Adani Global on take or pay basis with minimum volume of 35 million metric tonnes per annum. This concession has an initial validity of 30 years from signing of the agreement and can be extended mutually.
As per the agreement, PT Bukit Asam Tbk will sell 60 percent of its coal from the Tanjung Enim area to Adani at a government notified price and balance coal will be used as contract carriage for Bukit Asam.
This landmark deal will further consolidate Adani’s coal sourcing from Indonesia, with the company already operating a coal mine in East Kalimanthan. The coal from its Indonesian and Australian assets in Queensland will not only further enhance the Adani Group’s position as India’s largest thermal coal importer but also give it the required fillip for a rapid expansion of its power and coal businesses, transforming it into the largest private sector mining company in India.
Separately, under the bilateral India-Indonesia economic framework, the Adani Group has also signed a memorandum of understanding for exploring the possibility of setting up a 2 x1100 or 3X660 MW lignite based power plant in Indonesia.
The Adani Group will use pioneering modern technologies to consume Indonesia’s lignite resources which are available in abundance thus making Indonesia self-reliant leading to energy-security.
These initiatives are part of the Adani Group’s strategy to emerge as a global player in development and operator of mines and supply coal to support affordable power generation in India. It has already has signed contracts to mine, move and supply 110 million tonnes of coal per year for use by state owned power utilities in India.
Source: Money Control
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Tuesday, 25 January 11
DRY BULK RATES CONTINUED TO TUMBLE LAST WEEK - BRS
With weather-related problems affecting the short-term outlook, and new building deliveries the longer-term picture, dry bulk rates continued to tum ...
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 billio ...
Monday, 24 January 11
GOVT PROMISES COAL FOR PLN DESPITE PRICE SPIKES - THE JAKARTA POST
The Jakarta Post reported that, the government says state electricity company PT PLN will receive enough coal to fire its power plants, despite pric ...
Monday, 24 January 11
DRY BULK MARKETS DOWNTURN SEES NO RELIEF - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept falling for yet another week, with the industry’s benchmark, the Baltic Dry Index (BDI) losing an additional 4.79 ...
Sunday, 23 January 11
THE AVERAGE CHARTER RATE FOR CAPE SIZE VESSELS WAS AT $ 8,859 PD ALMOST CLOSE TO 2008 LOWS - VISTAAR
COALspot.com - The BDI continues to drop and saw a drop of about 5 pct this week closing at 1,370 points. “ In May 2010 the BDI touched ...
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- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Eastern Coal Council - USA
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Bayan Resources Tbk. - Indonesia
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Jaiprakash Power Ventures ltd
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- The University of Queensland
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Madhucon Powers Ltd - India
- Coal and Oil Company - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- Posco Energy - South Korea
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
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