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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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Wednesday, 11 August 10
BANPU SECURES TAKEOVER LOAN - BANGKOK POST
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, has secured loans worth US$2 billion from Thai and foreign banks to proceed with ...
Tuesday, 10 August 10
KOREA'S EWP TO BUY 4 MILLION TON OF 3700 AND 4600 NAR COAL AT FIXED PRICE
COALspot.com: Korean utility East-West Power out with the tender to buy 0.670 million tons with a minimum calorific value of 4600 NAR and 0.350 mill ...
Tuesday, 10 August 10
COAL CONSTRAINS CORE SECTOR GROWTH IN JUNE 2010
Growth in the six key infrastructure sectors decelerated for the third month in June. This is primarily due to last year’s high base effect. D ...
Sunday, 08 August 10
SOUTH AFRICA INCREASES COAL EXPORTS TO INDIA BY 74% IN JULY, TRADER SAYS
South Africa’s Richards Bay, the continent’s largest coal terminal, increased sales to India by 74 percent in July from June, according ...
Saturday, 07 August 10
INDIAN COAL IMPORTS WILL PLAY AN IMPORTANT PART IN KEEPING THE FREIGHT MARKET FIRM IN FUTURE - VISTAAR
COALspot.com: The freight market was volatile with market ending firmed and the BDI crossing 2000 points up by 3 pct, however the BCI was up by 14 p ...
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- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Australian Coal Association
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- Trasteel International SA, Italy
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- Kalimantan Lumbung Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Sakthi Sugars Limited - India
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- Sical Logistics Limited - India
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Lanco Infratech Ltd - India
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
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