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Wednesday, 14 October 09
INDONESIA POWER FIRM SIGNS LOAN AGREEMENTS FOR OVER $1 BLN
Reuters reported that, Indonesia's state electricity firm PT Perusahaan Listrik Negara (PLN) has raised more than $1 billion from a group of banks as part of the financing for its fast track power projects, a PLN official said on Wednesday.
PLN previously said it needed to raise a total of $8 billion to finance the first phase of the government's crash programme, which will add 10,000 megawatts with the construction of several coal-fired power plants. So far, it has raised over $6 billion, with most of the funding from Chinese banks.
On Wednesday, PLN signed two loan agreements with China Development Bank, a $625 million loan for a 660-MW coal-fired power plant in Central Java and a $138 million loan for a 224-MW plant in West Sumatra.
PLN also signed an agreement for a $329 million loan with a consortium of domestic banks, including from BRI, Bank Mandiri and BNI
"PLN still needs about $400 more in foreign exchange and about 2 trillion rupiah ($213.6 million) to finance the rest of the 10,000 MW projects," PLN's president director, Fahmi Mochtar, told reporters. He declined to give details of the loan terms.
President Susilo Bambang Yudhoyono, who won a second, five-year term in July, has pushed the crash programme to resolve power shortages. The government also plans to build a second phase of 10,000 MW power plants, using coal and renewable energy such as geothermal.
Mochtar said some of the first phase of the coal-fired power plants, especially in Java island, will be in operation by the end of this year.
These include Rembang power plant in Central Java, with two units of 315 MW capacity, Labuan plant in Banten province, western Java, with two units of 300 MW capacity, and Indramayu in West Java province, with three units of 350 MW capacity.
Originally, phase one was due to be completed next year, but because of difficulties in obtaining funds, completion has been postponed to 2011.
PLN has 25,000 MW of generating capacity but daily output is far less because most of its plants are old and inefficient. Industry officials forecast Indonesia's power demand will grow around 10 percent a year.
Source: Reuters
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Wednesday, 28 October 09
MIDDLE EAST COAL EYEING INDIAN POWER PLANTS IN EXCHANGE FOR LONG TERM COAL SUPPLY
Reuters reported that UAE's Middle East Coal is in talks to buy equity stakes in India's power plants in exchange for long term coal supply.
ME ...
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 ...
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- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- Sakthi Sugars Limited - India
- PTC India Limited - India
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- Posco Energy - South Korea
- Siam City Cement - Thailand
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Marubeni Corporation - India
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- The University of Queensland
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Agrawal Coal Company - India
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Australian Coal Association
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
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