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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, 21 October 09
LAW ACCOMMODATES NATIONAL AND INVESTOR INTERESTS
COALspot.com (Indonesia): According to ESDM, the government has issued five Lawson the energy and mineral resources sector. These laws will prioriti ...
Wednesday, 21 October 09
INDONESIA'S BUKIT ASAM GETS COAL RAILWAY APPROVAL
Reuters reported that, Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk said on Wednesday it had been given government approval to sta ...
Wednesday, 21 October 09
COAL DEMAND SOARS AS ASIA ECONOMIES REBOUND - PEABODY
Reuters reported that, Demand for coal to generate electricity and make steel in China and India is expected to grow by 7 percent to 8 percent annua ...
Wednesday, 21 October 09
INDONESIAN SHOCK FOR INDIAN POWER PLANTS
Business-Standard reported that, India’s ambitious plans to generate an additional 180,000 Mw of power in the next seven years will face hurdl ...
Wednesday, 21 October 09
DUTA GRAHA PLANNING TO DELVE INTO MINING SECTOR
The Jakarta Globe reported that, PT Duta Graha, one of the country’s largest private engineering firms, says it intends to diversify into the ...
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- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- The University of Queensland
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- CIMB Investment Bank - Malaysia
- TNB Fuel Sdn Bhd - Malaysia
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