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Wednesday, 26 January 11
ADANI TO SET-UP RAIL, PORT AND POWER PROJECTS IN INDONESIA - MONEYCONTROL
 Moneycontrol reported that, Adani Enterprises, the flagship company of India’s infrastructure conglomerate the Adani Group, today announced the signing of an agreement for a setting up of a 'Rail and Port project' with the Regional Government of Sumatra Selatan, Indonesia and PT Bukit Asam Tbk, a Government of Indonesia coal mining company.
Estimated to cost USD 1.65 billion, the Rail and Port project will be executed by PT Adani Global, a step-down subsidiary of Adani Enterprises, over a period of 48 months. It will involve the construction of a 250 km railway line and port infrastructure by Adani needed for the transportation and ship loading of upto 60 mmtpa of coal.
The Adani Group chairman Gautam Adani today signed this landmark pact with H E Alex Noerdin, the Governor of the South Sumatera province of Indonesia and Mr Sukrisno, President Director, PT Bukit Asam Tbk in the august presence of the Indonesian President – HE Susilo Bambang Yudhoyno. This agreement is pursuant to a tripartite memorandum of understanding signed in August 2010. It reaffirms key milestones and principles of this major infrastructure project.
Commenting on the historic development, Mr. Gautam Adani, Chairman – Adani Group said, “India and Indonesia jointly can be shining examples of nation building through co-operation. The Adani Group is committed to creating win-win situations through private-public partnerships for mutual benefit and this is a huge step in that direction. Driven by our philosophy of innovation, courage and trust; we at Adani are committed towards coal mining and development of a world class port, rail and power infrastructure in Indonesia. Today, we re-affirm our pledge to continue this partnership for creating a robust infrastructure in South East Asia”.
Adani further added, “We at Adani Group are clearly focused on the energy sector and constantly strive to enhance our coal value chain. These initiatives in Indonesia, Australia and even in India will bring us closer to achieve our stated goal of 20,000 MW of power generation, 200 MMTPA of coal mining, 200 MMTPA of cargo handling and owning 20 capesize ship by 2020.”
The 250 km railway line will help connect Tanjung Enim, the coal mining area to Tanjung Carat, where the Adani Group will set up a world class port for evacuating the coal.
PT Bukit Asam Tbk, one of Indonesia’s leading coal producers with the largest coal reserve in the country, has conferred “coal purchase rights” to PT Adani Global on take or pay basis with minimum volume of 35 million metric tonnes per annum. This concession has an initial validity of 30 years from signing of the agreement and can be extended mutually.
As per the agreement, PT Bukit Asam Tbk will sell 60 percent of its coal from the Tanjung Enim area to Adani at a government notified price and balance coal will be used as contract carriage for Bukit Asam.
This landmark deal will further consolidate Adani’s coal sourcing from Indonesia, with the company already operating a coal mine in East Kalimanthan. The coal from its Indonesian and Australian assets in Queensland will not only further enhance the Adani Group’s position as India’s largest thermal coal importer but also give it the required fillip for a rapid expansion of its power and coal businesses, transforming it into the largest private sector mining company in India.
Separately, under the bilateral India-Indonesia economic framework, the Adani Group has also signed a memorandum of understanding for exploring the possibility of setting up a 2 x1100 or 3X660 MW lignite based power plant in Indonesia.
The Adani Group will use pioneering modern technologies to consume Indonesia’s lignite resources which are available in abundance thus making Indonesia self-reliant leading to energy-security.
These initiatives are part of the Adani Group’s strategy to emerge as a global player in development and operator of mines and supply coal to support affordable power generation in India. It has already has signed contracts to mine, move and supply 110 million tonnes of coal per year for use by state owned power utilities in India.
Source: Money Control
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Friday, 04 February 11
PERTAMINA DENIES KAREN AGUSTIAWAN RESIGNS FROM PERTAMINA
COALspot.com - The President Director of PT Pertamina, Karen Agustiawan reportedly will replace Darwin Saleh as Minister of Energy and Mineral Resou ...
Friday, 04 February 11
ADARO ENERGY FY10 COAL SALES UP 6 PERCENT TO 43.84 MILLION
As reported by insider stories, Indonesian coal miners PT Adaro Energy Tbk has produced 42.20 million tons of coal in 2010, a 4 percent increase com ...
Thursday, 03 February 11
MERCATOR LINES TO INVEST RS 200-250 CRORE ON COAL MINE IN INDONESIA - ECONOMIC TIMES
Economic Times reported that, Mercator Lines, the HK Mittal-controlled shipping-to-mines major, will invest about 200-250 crore (US$ 43.825 - 54.781 ...
Thursday, 03 February 11
DRY BULK MARKET LOOKS SET TO BOTTOM OUT NIKOS - ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market having lost more than 72% of its value in the last month or so and having retreated to a 2-year low, it seems that the bott ...
Wednesday, 02 February 11
INDONESIA MAY MISS COAL EXPORT TARGET IN 2011
COALspot.com - Indonesian Trade ministry has instructed independent surveyors temporarily not to issue pre-shipment survey report (LS) to the compan ...
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- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Sical Logistics Limited - India
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
- Aditya Birla Group - India
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Meralco Power Generation, Philippines
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- Ministry of Transport, Egypt
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
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