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Monday, 26 October 09
DARWIN EYES PRIVATE INVESTMENT
 The Jakarta Post reported that, the new energy and ministerial resources minister, Darwin Zahedy Saleh, has set his sights on accelerating the realization of private investment in the sector through various programs and regulations.
“Increasing production has been our concern and challenge. We must accelerate investment realization in exploration production and in infrastructure both for storage and distribution,” Darwin said during his inauguration ceremony Thursday.
The government initially expected to book up to US$25 billion investment in the sector, but later on the target was revised down to $18 billion due to the global crisis.
“I will continue what good aspects have been achieved and improve what needs to be improved,” Darwin said.
As a new minister, Darwin will be challenged to get the energy and mining sector to contribute more than 30 percent of the state revenue. In the oil and gas sector, he must work hard to anticipate declining oil production due to aging fields.
As for the mining sector, he must convince investors to comply with the enactment of the new mining law. He is also expected to solve the country’s increasing power deficit problem.
“We face tough challenges, but with good will and cooperation I am optimistic that we can triumph.”
Darwin is head of economic division at President Susilo Bambang Yudhoyono’s Democratic Party. His appointment as the energy and mineral resources ministry was unexpected to practitioners and analysts alike as he is relatively unfamiliar to the sector.
“To be honest, I was not aware of him before, but I expect he will do the best for the ministry,” said a ministry’s high-ranking official who refused to be named.
Energy analysts voiced similar arguments.
“I never heard any of his views on how to manage the sector.
But, hopefully with his doctorate in economics he can learn fast about urgent problems in the sector and will come up with accurate solutions,” energy analyst Kurtubi said.
Observer Pri Agung Rakhmanto of the Reforminer Institute said Darwin might need support from experts in the sector.
Former energy and mineral resources minister Purnomo Yusgiantoro said he believed Darwin could lead the ministry.
“He has a very strong educational background,” said Purnomo, now the new defense minister. In an earlier interview, Darwin said he was not a totally new face in the sector.
“In my early career at Bank Duta, I was in charge of lending credits to oil and gas companies. I know the business network from this experience.”
Darwin, born on Oct. 29, 1960, graduated from the University of Indonesia’s (UI) Economics Faculty in 1986 and later completed his masters study on business administration at Middle Tennessee State University, US, in 1994. This year he completed his doctorate program on finance and management, also at UI.
His employment history includes: dean’s senior advisor at UI’s economics faculty from 2006 until present, head of the economic and finance division of the Democratic Party from 2005 until present, deputy dean of UI’s faculty of economics from 2005 to 2006 and chief economist and investment banking director at PT Bahana Securities from 2000 to 2003.
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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- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- The University of Queensland
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Vedanta Resources Plc - India
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- MS Steel International - UAE
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- Australian Coal Association
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Coal and Oil Company - UAE
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ambuja Cements Ltd - India
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- Singapore Mercantile Exchange
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
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