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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 realization of private investment in the sector through various programs and regulations.
“Increasing production has been our concern and challenge. We must accelerate investment realization in exploration production and in infrastructure both for storage and distribution,” Darwin said during his inauguration ceremony Thursday.
The government initially expected to book up to US$25 billion investment in the sector, but later on the target was revised down to $18 billion due to the global crisis.
“I will continue what good aspects have been achieved and improve what needs to be improved,” Darwin said.
As a new minister, Darwin will be challenged to get the energy and mining sector to contribute more than 30 percent of the state revenue. In the oil and gas sector, he must work hard to anticipate declining oil production due to aging fields.
As for the mining sector, he must convince investors to comply with the enactment of the new mining law. He is also expected to solve the country’s increasing power deficit problem.
“We face tough challenges, but with good will and cooperation I am optimistic that we can triumph.”
Darwin is head of economic division at President Susilo Bambang Yudhoyono’s Democratic Party. His appointment as the energy and mineral resources ministry was unexpected to practitioners and analysts alike as he is relatively unfamiliar to the sector.
“To be honest, I was not aware of him before, but I expect he will do the best for the ministry,” said a ministry’s high-ranking official who refused to be named.
Energy analysts voiced similar arguments.
“I never heard any of his views on how to manage the sector.
But, hopefully with his doctorate in economics he can learn fast about urgent problems in the sector and will come up with accurate solutions,” energy analyst Kurtubi said.
Observer Pri Agung Rakhmanto of the Reforminer Institute said Darwin might need support from experts in the sector.
Former energy and mineral resources minister Purnomo Yusgiantoro said he believed Darwin could lead the ministry.
“He has a very strong educational background,” said Purnomo, now the new defense minister. In an earlier interview, Darwin said he was not a totally new face in the sector.
“In my early career at Bank Duta, I was in charge of lending credits to oil and gas companies. I know the business network from this experience.”
Darwin, born on Oct. 29, 1960, graduated from the University of Indonesia’s (UI) Economics Faculty in 1986 and later completed his masters study on business administration at Middle Tennessee State University, US, in 1994. This year he completed his doctorate program on finance and management, also at UI.
His employment history includes: dean’s senior advisor at UI’s economics faculty from 2006 until present, head of the economic and finance division of the Democratic Party from 2005 until present, deputy dean of UI’s faculty of economics from 2005 to 2006 and chief economist and investment banking director at PT Bahana Securities from 2000 to 2003.
Source: The Jakarta Post
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Thursday, 19 November 09
THE GOVERNMENT TO GUARANTEE COAL SUPPLIES FOR POWER PLANTS
The government guarantees coal supplies for power plants under a 10,000 MW-capacity power plant construction acceleration program.
Minister of En ...
Thursday, 19 November 09
FAST-TRACK FOCUS ON COAL POWER MAY COST INDONESIA BILLIONS
The Jakartaglobe reported that, As it begins to tap its massive coal reserves to generate cheap electricity, Indonesia may face additional costs of ...
Wednesday, 18 November 09
THAI PTT PLANS COAL MINE INVESTMENT IN INDONESIA
* To conclude Indonesian coal mine buy in 6 months
* Sees coal output jumping to 20 mln tonnes in five years
Reuters reported that, PTT , ...
Wednesday, 18 November 09
ASIA-PACIFIC MINISTERIAL CONFERENCE ON PUBLIC-PRIVATE PARTNERSHIPS FOR INFRASTRUCTURE DEVELOPMENT
“Building Asia’s Infrastructure”
COALspot.com (Indonesia) Press Release: Infrastructure Asia 2010 is Asia’s premier infra ...
Wednesday, 18 November 09
AMBUJA COAL TENDER PRICES EQUATE TO $61.50/T FOB
Reuters reported that, coal prices achieved by Indian cement maker Gujarat Ambuja in its early November tender equate to $61.50 a tonne FOB Richards ...
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- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- White Energy Company Limited
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- Minerals Council of Australia
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- Krishnapatnam Port Company Ltd. - India
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Pendopo Energi Batubara - Indonesia
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
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