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Monday, 14 September 09
INDONESIAN GOVT UPBEAT ABOUT $1.5B, 185-KM COAL RAILWAY PROJECT
 In addition to a 30-year concession right, the government will also award a competitive pricing scheme as an incentive to lure investors in a US$1.5 billion, 185 km-coal railway project in Central Kalimantan.
Bambang Susantono, a deputy for infrastructure and regional development at the Coordinating Ministry for Economic Affairs, said on Sunday that the government was hopeful the project — which could be put into a tender by early next year — would draw interest from investors with the numerous incentives it planned to provide.
In addition to the long concession and the guarantees regarding land acquisition, the government will also offer competitive pricing to provide investors with business certainty.
“There will be a pricing formula, to be determined later on, to ensure certainty for investors throughout the 30-year concession period,” Bambang said in interview.
On Friday, the Central Kalimantan provincial administration started sounding out interest in the projects, which will link Puruk Cahu and Bangkuang, by inviting investors from domestic and overseas markets, as well as embassy representatives.
“The project is expected to finish by 2012,” Central Kalimantan Governor Agustin Teras Narang told reporters Friday, adding that the government was now also trying buy the land for the project, as the feasibility studies had been completed earlier this month.
Data from the provincial administration shows that 70 percent of the 16-million-square-meter land to be acquired is state-owned.
Therefore, only 30 percent of the land belongs to the residents, Agustin said.
He added that acquiring the land would not be a big problem, as population density in the area was low. The provincial government may even provide settlements for the relocated people, Agustin said.
He said the project scope included land acquisition, the construction of a single railway track between Puruk Cahu and Bangkuan (including civil construction, bridge signaling and facility works), as well as the construction of stations, workshops and depots, along with coal loading and unloading facilities.
Data shows the project will affect 24 coal miners whose production capacity is between 300,000 tons and 5 million tons per year.
The railway will be capable of transporting 10 million tons of coal per year, and 20 million tons after the first 10 years, Agustin said. (nia)
Source: The Jakarta Post
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Thursday, 29 October 09
INDIA CEMENTS SET TO ACQUIRE COAL MINE IN INDONESIA
Business-Standard reported that, India Cements is set to acquire a coal mine in Indonesia for around $20 million (around Rs 100 crore). The company ...
Thursday, 29 October 09
PTC INDIA UNIT CHASES 2.5 MTPA INDONESIAN COAL
Reuters reported that, PTC Energy is in talks with an Indonesian firm to source 2.5 million tonnes per annum (MTPA) coal for its 350-400 MW power to ...
Thursday, 29 October 09
CHINA MAY SEEK THERMAL COAL ELSEWHERE IF AUSTRALIAN EXPORT COSTS RISE, SAYS REPORT
The Australian reported that, CHINA is likely to turn to alternative markets for thermal coal if the cost and availability of Australia's exports a ...
Thursday, 29 October 09
CURRENCIES, ASIA DEMAND TO LIFT EUROPE COAL PRICE
Supportive currency movements and strong Asian demand mean the price of coal delivered into Europe is poised to rise more than 30 percent to above $ ...
Wednesday, 28 October 09
AUSTRALIAN POWER STATION COAL PRICE TOPPED USD 73 A TONNE
Reuters reported that prices of power station coal in Australia, a benchmark for Asia, crept up for the fourth week and topped USD 73 a tonne, as a ...
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- Electricity Authority, New Zealand
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- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
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- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
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- MS Steel International - UAE
- AsiaOL BioFuels Corp., Philippines
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- Indonesian Coal Mining Association
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- Larsen & Toubro Limited - India
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- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coalindo Energy - Indonesia
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
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- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- VISA Power Limited - India
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
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- Bangladesh Power Developement Board
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- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
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- Directorate General of MIneral and Coal - Indonesia
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- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
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- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Sical Logistics Limited - India
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
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- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
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- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
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- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
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- Central Electricity Authority - India
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- Singapore Mercantile Exchange
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