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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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Monday, 12 October 09
INDONESIA TO CUT ROYALTIES TO BOOST LOW QUALITY COAL
Reuters reported that, Indonesia, the world's biggest exporter of thermal coal, plans to cut royalties paid by producers holding certain contracts ...
Monday, 12 October 09
SAMPUR COAL POWER PLANT AGREEMENT
Sunday Observer reported that, The construction work of the Sri Lanka-India joint venture coal power plant which costs US dollars 500 million will c ...
Saturday, 10 October 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - CAPT. REDDY
COALspot.com (Singapore): The BDI again firmed up this week by almost 14 pct to 2,695 points. The cape size index moved up quite sharply by 25 pct t ...
Saturday, 10 October 09
COAL PRICES TIPPED TO SURGE BY 40% AS GLOBAL DEMAND RECOVERS NEXT YEAR
Power-station coal prices may climb by more than 40 percent in 2010 from current levels as a global economic recovery boosts demand from power plant ...
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 ...
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- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- McConnell Dowell - Australia
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- New Zealand Coal & Carbon
- Tamil Nadu electricity Board
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- Sindya Power Generating Company Private Ltd
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- The University of Queensland
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- Interocean Group of Companies - India
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
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