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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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Saturday, 06 February 10
COAL MINISTRY SEEKS CUT IN IMPORT DUTY
The coal ministry wants the finance ministry to reduce the 5.1% import duty on thermal coal and continue with the existing zero import duty on cokin ...
Friday, 05 February 10
IN 2010, CHINA COAL OUTPUT TO REACH AROUND 3.3BLN T
It is expected that China's coal production in 2010 will reach around 3.3bln tons. It is predicted that in the first quarter of 2010, the tight coa ...
Thursday, 04 February 10
INDIA REMAINS FIRM - FEARNRESEARCH
CHARTERING - DRY BULK
Handy
The BSI has continued it´s downward movement for 2 weeks now.Nevertheless activity in the atlantic remains bu ...
Thursday, 04 February 10
INFRASTRUCTURE DEVELOPMENT & INFRASTRUCTURE ASIA 2010
ASIA-PACIFIC MINISTERIAL CONFERENCE ON PUBLIC-PRIVATE PARTNERSHIPS FOR INFRASTRUCTURE DEVELOPMENT & INFRASTRUCTURE ASIA 2010
IPFA TO JOIN INF ...
Thursday, 04 February 10
INDIA`S APPETITE FOR COAL EXPECTED TO RISE SHARPLY
Coal powers more than half of India's electricity plants and demand for the commodity is expected to rise sharply as the third-largest Asian econom ...
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- Agrawal Coal Company - India
- Carbofer General Trading SA - India
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- Australian Commodity Traders Exchange
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- White Energy Company Limited
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- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
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- Energy Link Ltd, New Zealand
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- Sojitz Corporation - Japan
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- Siam City Cement - Thailand
- Commonwealth Bank - Australia
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- MS Steel International - UAE
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- Antam Resourcindo - Indonesia
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- Parliament of New Zealand
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- Larsen & Toubro Limited - India
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- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
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- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
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- European Bulk Services B.V. - Netherlands
- The University of Queensland
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- PetroVietnam Power Coal Import and Supply Company
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- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
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- Economic Council, Georgia
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
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- ICICI Bank Limited - India
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- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
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- AsiaOL BioFuels Corp., Philippines
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- Bharathi Cement Corporation - India
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- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Romanian Commodities Exchange
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- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
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- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- The Treasury - Australian Government
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
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- Sical Logistics Limited - India
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- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- McConnell Dowell - Australia
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- Kapuas Tunggal Persada - Indonesia
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- Coal and Oil Company - UAE
- GMR Energy Limited - India
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Trasteel International SA, Italy
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
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- Price Waterhouse Coopers - Russia
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
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- SMG Consultants - Indonesia
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