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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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Thursday, 03 June 10
GOVT CONSIDERING IMPORT PARITY PRICE FOR DOMESTIC COAL
The government on June 1 said it is considering to price domestic coal on par with global rates, a move which may increase the cost of the raw mater ...
Wednesday, 02 June 10
SRI LANKA TESTS 1ST COAL POWER PLANT IN SEPT.
Sri Lanka will start testing its first 300 MegaWatt coal power plant in September with plans to connect it to the national distribution grid by Janu ...
Wednesday, 02 June 10
CHINA'S IRON ORE IMPORTS TO KEEP BEING THE BIGGEST FACTOR FOR DRY BULK FREIGHT RATES SAY READERS
With dry bulk freight rates staging a positive rally during most of May, the industry’s main benchmark, the Baltic Dry Index (BDI) has managed ...
Wednesday, 02 June 10
KIDECO TO PRODUCE 29.5 MILLION TONS OF COAL IN 2010
COALspot.com: Kideco to produce 29.5 million tons of coal in 2010 up 4.8 million or about 19 percent up from 2009 production. Kideco produced 24.7 m ...
Wednesday, 02 June 10
PLN TO DEVOUR 133 PERCENT MORE COAL IN NEXT FIVE YEARS
The Jakarta globe reported that, State electricity company PT Perusahaan Listrik Negara will more than double the amount of coal it uses over the ne ...
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- Kartika Selabumi Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Essar Steel Hazira Ltd - India
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Cement Manufacturers Association - India
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- Agrawal Coal Company - India
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Electricity Authority, New Zealand
- Bhushan Steel Limited - India
- OPG Power Generation Pvt Ltd - India
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Indika Energy - Indonesia
- Australian Coal Association
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Ind-Barath Power Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
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