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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, 28 October 09
INVESTMENT IN MINING SECTOR HAMPERED BY LATE REGULATIONS
The Jakarta Post reported that, Indonesia may have to wait for a potential massive inflow of new investment into the mining sector due to delays in ...
Tuesday, 27 October 09
CHINA'S SEPT. COAL IMPORTS RISE AS ECONOMY RECOVERS
Bloomberg reported that, China, the world’s largest coal user and producer, increased imports of the fuel in September to meet rising domest ...
Monday, 26 October 09
DARWIN EYES PRIVATE INVESTMENT
The Jakarta Post reported that, the new energy and ministerial resources minister, Darwin Zahedy Saleh, has set his sights on accelerating the reali ...
Sunday, 25 October 09
THE FUTURE FREIGHT MARKET IS EXPECTED TO HAVE POSITIVE DIRECTION - VISTAAR
COALspot.com (Singapore): According to Vistaar Shipping an experienced ship operator in Singapore, the BDI shot up this week (19-24 October) by abou ...
Saturday, 24 October 09
NTPC SEEKS ALTERNATE COAL SUPPLY FOR KAHALGAON
State-run NTPC is looking at alternate sources of coal to fire its Kahalgaon (Bihar) and Farakka (West Bengal) and power stations, which are facing ...
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- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ambuja Cements Ltd - India
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Marubeni Corporation - India
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- The University of Queensland
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Bharathi Cement Corporation - India
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- Riau Bara Harum - Indonesia
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
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