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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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Saturday, 24 October 09
ADANI, MMTC IN RACE TO SUPPLY COAL TO GSECL
Business-Standard reported that, as many as five companies are in fray to supply 15 lakh (1.5 million) metric tonnes of non-coking steam (ther ...
Saturday, 24 October 09
INDONESIA STATE POWER FIRM PLANS TO DELAY COAL SUPPLIES
Indonesia's state-controlled electricity company is negotiating with two coal producing firms to delay plans to supply coal to a power plant in Wes ...
Friday, 23 October 09
MONGOLIA LISTS 8 POTENTIAL BIDDERS FOR COAL PROJECT
Reuters reported that, Mongolia has shortlisted eight potential partners for its huge Tavan Tolgoi coking coal project, according to Temuulen Ganzor ...
Friday, 23 October 09
2010 WILL BE 'BRIDGE YEAR' FOR COAL - CONSOL CHIEF
Mining Weekly reported that, After a difficult 2009, 2010 will likely be a “bridge” year for the US coal industry, followed by improved ...
Friday, 23 October 09
INDIAN GROUP INTERESTED IN MOZAMBICAN COAL
Mining Weekly reported that, India’s leading steelmaker, the Steel Authority of India Limited (Sail), has confirmed that it is seeking to acqu ...
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- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- VISA Power Limited - India
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Parry Sugars Refinery, India
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- Singapore Mercantile Exchange
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- Simpson Spence & Young - Indonesia
- Makarim & Taira - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bhoruka Overseas - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- Economic Council, Georgia
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Cement Manufacturers Association - India
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Kepco SPC Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- PTC India Limited - India
- White Energy Company Limited
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- Indonesian Coal Mining Association
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