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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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Thursday, 11 February 10
THE INDIAN MARKET SOFTENING A BIT - FEARNRESEARCH
Handy
The BSI has gone down for 3 weeks now but it is more a reflection of the Pac market. Activity in the Atl remains solid and rates remain firm ...
Thursday, 11 February 10
SOUTH AFRICA COAL EXPORTS DROP TO INDIA, CHINA
South African coal exports to India from Richards Bay Coal Terminal fell 39% in January from December's levels while shipments to China dropped 55% ...
Thursday, 11 February 10
JSW STEEL IS CLOSE TO ACQUIRING TWO COAL MINES IN THE US
“We are in advanced stages of negotiation and the deal will be completed in a month or two,” a company official told DNA Money on the co ...
Wednesday, 10 February 10
BHP TAKES MARUWAI SALE OFF THE TABLE, MINISTRY SAYS
Australian mining giant BHP Billiton may cancel a plan to sell a stake in its coal mining project in Maruwai, East Kalimantan, an official at the En ...
Wednesday, 10 February 10
JPMORGAN FORECASTS A 5.7% GROWTH IN SEABORNE IRON ORE SHIPMENTS, 3.8% FOR COAL AND GRAIN THIS YEAR
This year volumes of iron ore transportation by sea may grow to 5.7%, coal and grain up 3.8% over numbers in 2009, Ukrrudprom reports citing analyst ...
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Showing 6006 to 6010 news of total 6871 |
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- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- Mjunction Services Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- Toyota Tsusho Corporation, Japan
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- The University of Queensland
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- PTC India Limited - India
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- Mintek Dendrill Indonesia
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
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