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Wednesday, 16 December 09
UAE'S RAS AL KHAIMAH TO INVEST $5.2B IN EAST KALIMANTAN PROJECT
 Shrugging off neighbor Dubai’s debt problems, the smaller United Arab Emirate of Ras Al Khaimah announced on Tuesday that it would increase its planned in Indonesia from $1 billion to $5.2 billion to develop an integrated energy project in Kalimantan.
“This type of public-private, Middle Eastern-Indonesian initiative is a fantastic example of what can be accomplished when the fundamentals make sense for all parties involved,” said Sheikh Saud Bin Saqr Al Qasimi, the crown prince of Ras Al Khaimah, after a meeting with President Susilo Bambang Yudhoyono in Dubai on Sunday.
The project would help meet the development needs of East Kalimantan communities, while serving to meet the energy challenges in Asia, particularly India and China, Al Qasimi said.
The latest agreement is an expansion of a deal signed in February. At that time, representatives of East Kalimantan province and its East Kutai district met with the Ras Al Khaimah Investment Authority and its subsidiary, RAK Minerals and Metals Investments. The two companies agreed to invest in a 139-kilometer coal railway project in the province worth $1 billion.
However, now the emirate will also commit to building a coal terminal, aluminium smelter and a power plant, worth a total of $4.2 billion.
Madhu Koneru, the chief executive of MEC Holdings, the company which will oversee development of the East Kalimantan project, said the total investment could create as many as 5,000 new jobs in the area within five years.
Gita Wirjawan, the chairman of Indonesia’s Investment Coordinating Board (BKPM), said MEC Infra, a subsidiary of MEC Holdings, will invest $1 billion in the railway project.
“Despite certain perceptions about Indonesia, MEC Infra was able to purchase and clear the land for the entire corridor within a few months,” Gita said.
According to a written statement from MEC, the company will also invest $250 million to build the coal terminal.
It will also invest $2 billion in cooperation with NALCO, Asia’s largest integrated aluminum producer, to build a smelter with an estimated production capacity of 500,000 tons annually. An additional $2 billion will be invested by MEC Coal to build a 1,250 megawatt power plant for the smelter.
Ras Al Khaimah produces less oil than Dubai and its oil-rich neighbor Abu Dhabi, and has instead focused on developing its industrial sector.
It opened its first cement company in 1970s and is now the UAE’s largest producer of cement. In the 1980s, the emirate established RAK Ceramics, now one of the world’s biggest ceramics producers.
Source: The Jakarta Globe
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Tuesday, 08 December 09
HIGH GLOBAL COAL PRICES HIT POWER PROJECTS
Spot prices for the fuel have appreciated almost 10% in November.
After a sedate year, rising coal prices could hit the coffers of import-based d ...
Monday, 07 December 09
HOW INDIA CAN CUT ITS ENERGY NEEDS BY 20%!
Using energy more efficiently can reduce our energy needs by one fifth; it is a strategy we must pursue even as we promote renewables, says Kirit Pa ...
Monday, 07 December 09
ASIA COAL POWER IN INDONESIA DISCUSSES NEW MINING LAW, COAL AND POWER SECTORS AS INVESTMENTS POUR INTO COALMINES TO SECURE SUPPLIES
COALspot.com (Singaproe): Press Release - Asia Coal Power pinpoints growing power demand in Asia & Power sector investments in Indonesia's coal ...
Monday, 07 December 09
DRY BULK RATES' VOLATILITY TO STAY, BUT RECOVERY IS UNDERWAY SAYS ION VAROUXAKIS HEAD OF FREESEAS
In an interview with Hellenic Shipping News, Mr. Ion G. Varouxakis, Chairman of the Board, President and CEO of Nasdaq-listed Freeseas, explains why ...
Monday, 07 December 09
VEDANTA RESOURCES ISSUES TENDER TO IMPORT 2.25 MILLION COAL
COALspot.com (India): Vedanta Resources plc is a London stock exchange listed FTSE 100 diversified metals and mining major with revenues in excess o ...
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- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- The University of Queensland
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Sree Jayajothi Cements Limited - India
- Power Finance Corporation Ltd., India
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- Leighton Contractors Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Sical Logistics Limited - India
- Sarangani Energy Corporation, Philippines
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- AsiaOL BioFuels Corp., Philippines
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- White Energy Company Limited
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Deloitte Consulting - India
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
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