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Monday, 05 October 09
COAL TRADING C&O TO INVEST $100 M NEXT YEAR
 The Jakarta Post reported that, Coal and Oil (C&0) Group of India plans to invest up to US$100 million in Indonesia next year to acquire coal mines and buy more ships to strengthen its position in coal trading in the country,
“We see Indonesia, as a major producer of coal, as the right place to invest. It is part of our strategy to secure our coal supply in the long term,” the Group’s president director and CEO Ahmed A. R.
Buhari said last week in an interview.
Buhari pointed out that the coal mine his company planned to acquire should have a production capacity of at least five million tons per year, whether in Sumatra or Kalimantan.
“We’ll use it to fire our Coastal Energen power plant in India that will have a generation capacity of 1,200 megawatts when it starts operation in 2012,” he said.
The company is developing a coal-fired 2,400 megawatt Coastal Energen power plant. The first phase of it will be in operation in 2012 with a capacity of 1,200 MW.
“After that we’ll build the second phase that will add another 1,200 MW capacity. For that we’ll need more coal from other countries especially from Indonesia,” he said.
According to him, for the next few years his firm planned to increase its coal imports to India by about 500 percent from 5 million tons currently to 25 million tons per year.
About 70 percent of the coal will come from Indonesia, while the rest will be imported from South Africa and Australia.
So far, to secure its coal supply for the Coastal Energen Power Plant, it has signed a number of deals with several coal firms in Indonesia to buy around 5 million tons of coal per year from the country.
He quoted a report by McKinsey, which said that as India is continuing to raise its per capita consumption of electricity, India’s total imports of coal will increase by almost three times to 100 million tons by 2015. This year alone, India’s coal imports are predicted to jump by 19 percent to 39 million tons from 33 million tons last year.
India generates about 70 percent of its electricity from coal. The rest is generated from hydroelectricity, gas-fired plants and nuclear energy.
It has seen its electricity demand grow at between 8 and 10 percent per year during the last few years. Its current per capita consumption of electricity is 612 kilowatt per hour (KWh), which is higher than Indonesia’s 496 KWh but lower than that of China at 1,898 KWh and Singapore at 8,176 KWh.
The Indian government said it expects per capita consumption to rise from 612 KWh to around 1,000 KWh per year in the next few years.
“Actually, our total demand in India will rise from 120 gigawatt (GW) to around 335 GW by 2017. To do that we will need a total investment of US$600 billion,” he said.
“Coal will still be the most viable source of energy for us in India. Currently, some 70 percent of our electricity needs are derived from coal-fired power plants. Perhaps that will increase further in the future as I don’t see other more viable sources other than coal.”
India expects per capita consumption to rise from 612 KWh to around 1,000 KWh in the next few years.
Source: The Jakarta Post
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Saturday, 10 October 09
PT BUMI RESOURCES TO EXPECT 2010 ELECTRIC AND COAL PRICE UP TO US$ 100/T
Indonesia coal producer, PT Bumi Resources recently stated that the revival of the global economy pushes up the demand from power plants and steel m ...
Friday, 09 October 09
INDIKA IN TALKS TO SELL 4M TONS OF COAL, EYEING BP ASSETS
The Jakarta Post reported that, Energy company PT Indika Energy is in talks with Indian buyers to sell 4 million tons of coal next year, one of its ...
Friday, 09 October 09
BULK-SHIPPING LINES MUST CANCEL 50% OF NEW ORDERS, PLATOU SAYS
Bloomberg reported that, Bulk-shipping lines need to cancel half of the new vessels they have on order to ease a capacity glut and revive freight ra ...
Friday, 09 October 09
THE BALTIC DRY INDEX WOKE UP: DRY BULK MARKET ON THE RISE
Hellenic Shipping News reported that, In what could prove the beginning of a new and sustainable rally for the dry bulk market, the BDI (Baltic Dry ...
Friday, 09 October 09
STRAITS ASIA INDONESIAN MINE COAL LOADER COLLAPSES
* New coal loading facility collapsed due to heavy rain
* Older coal loading facility seem unaffected so far
* UBS may cut valuation if disruption ...
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Showing 6356 to 6360 news of total 6871 |
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- Star Paper Mills Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- White Energy Company Limited
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- CNBM International Corporation - China
- India Bulls Power Limited - India
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- Planning Commission, India
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Tamil Nadu electricity Board
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- PTC India Limited - India
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