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Saturday, 13 February 10
INDONESIA OFFERS TAX INCENTIVES FOR RENEWABLE ENERGY
 Indonesia is offering tax incentives to develop renewable energy projects, including geothermal energy, to cut dependency on fossil fuels, a decree published on the finance ministry's web site (www.depkeu.go.id/ind/) showed. Indonesia has said previously that its wants to use more renewables and is targeting by 2025 an energy use mix of 30 percent from gas, 20 percent from oil-based fuels, 30 percent from coal, and the rest from renewables such as geothermal and solar power.
According to the decree, signed Jan. 29 by Finance Minister Sri Mulyani Indrawati, the government will reduce net tax by 5 percent per year on total investment for 6 years.
The government will also allow faster asset amortization and impose a lower tax rate on dividend payments for non-resident investors, the decree said.
The government will also provide exemption from value-added tax and import duty for equipment and machinery used in renewable energy projects.
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“The government will allow faster asset amortization and impose a lower tax rate on dividend payments for non-resident investors”
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An exemption on value-added tax on equipment used for exploration of oil and other energy resources, including geothermal, has also been extended until December.
Indonesia, with hundreds of active and extinct volcanoes, has the potential to produce an estimated 27,000 MW of electricity from geothermal sources.
However, that potential remains largely untapped because the high cost of geothermal energy makes the price of electricity generated this way expensive.
Chevron, lLocal energy firm Medco Energi Internasional and state oil firm Pertamina currently have geothermal investments in Indonesia.
Indonesia has also been offering new exploration rights and financial incentives for oil and gas investors in a bid to stem a steady decline in production that has increased the need for imports.
However, oil industry players have said that the incentives are not sufficient.
Indonesia has turned into a net importer of crude oil in recent years as production has slumped after a failure to tap new fields fast enough. Its crude oil production has dropped from about 1.5 million barrels per day (bpd) in the 1990s to about 815,000 bpd currently.
Source: Reuters
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Monday, 15 February 10
MEC INFRA TO COMMISSION INDONESIA RAIL PROJECT
A joint venture between Ras Al Khaimah Investment Authority (Rakia) RAK Investment Authority and Minerals Energy and Commodities Holdings, a f ...
Monday, 15 February 10
INDONESIA IN TALKS TO RESOLVE BANPU MINE CLOSURE
Indonesia is seeking to resolve a land permiting problem resulting in the closure of a coal mine in Kalimantan operated by a unit of Thailand's top ...
Monday, 15 February 10
PVT ENTRY IN COAL MINING TO BE DELAYED
Entry of private players in coal mining will be delayed. Contrary to expectations, the coal ministry will not move in the Budget session a bill that ...
Sunday, 14 February 10
NEWCASTLE STEAM COAL TRADES AT US$ 91 TO US$ 92
Reuters reported that prompt cargo prices for coal delivered into Europe were largely unchanged recently after a day of subdued trading.
European ...
Saturday, 13 February 10
THE FREIGHT MARKET CONTINUED TO BE WEAK THIS WEEK - CAPT. REDDY
COALspot.com (Singapore): The freight market continued to be weak this week. There have been quite a few spot vessels open Far east and have been fo ...
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- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Madhucon Powers Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- White Energy Company Limited
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Renaissance Capital - South Africa
- Australian Coal Association
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
- McConnell Dowell - Australia
- The Treasury - Australian Government
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Independent Power Producers Association of India
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Sakthi Sugars Limited - India
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- Minerals Council of Australia
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
- GMR Energy Limited - India
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
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