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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, 29 October 09
MMTC AWARDED 12.5 MILLION TONS TO THREE INDIAN TRADERS
COALspot.com (India): State-run trading firm MMTC awarded tenders for the import of 12.5 million tonnes of coal for NTPC to three Indian coal trader ...
Thursday, 29 October 09
COAL OF AFRICA SEES VELE OUTPUT BY APRIL 2010
* First coal from Mooiplaats mined and sold
* Talks with Transnet on rail PPP on track
Reuters reported that, Coal of Africa (CoAL) said on Mond ...
Thursday, 29 October 09
UAE FUND EYES INDIA POWER FOR INDONESIAN COAL
Reuters reported that, the UAE's Middle East Coal (MEC) is in talks to buy equity stakes in India's power plants in exchange for long-term coal su ...
Thursday, 29 October 09
CESC POSTS RS 126 CRORE (US$ 26,655,178) NET PROFIT IN QUARTER TWO
Economic Times reported that, Energy major CESC posted a marginal increase in net profit at Rs 126 crore (US$ 26,655,178) for the quarter ended Sep ...
Thursday, 29 October 09
INDIA MMTC TENDER SET TO BOOST S.AFRICA COAL
The South African coal market is set to be boosted further by India's state-owned trading firm MMTC Ltd's tender for 12.5 million tonnes, Indian t ...
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- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Aditya Birla Group - India
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
- Independent Power Producers Association of India
- Tata Chemicals Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Mercuria Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- MS Steel International - UAE
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Sical Logistics Limited - India
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
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