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Wednesday, 16 December 09
UAE'S RAS AL KHAIMAH TO INVEST $5.2B IN EAST KALIMANTAN PROJECT
 Shrugging off neighbor Dubai’s debt problems, the smaller United Arab Emirate of Ras Al Khaimah announced on Tuesday that it would increase its planned in Indonesia from $1 billion to $5.2 billion to develop an integrated energy project in Kalimantan.
“This type of public-private, Middle Eastern-Indonesian initiative is a fantastic example of what can be accomplished when the fundamentals make sense for all parties involved,” said Sheikh Saud Bin Saqr Al Qasimi, the crown prince of Ras Al Khaimah, after a meeting with President Susilo Bambang Yudhoyono in Dubai on Sunday.
The project would help meet the development needs of East Kalimantan communities, while serving to meet the energy challenges in Asia, particularly India and China, Al Qasimi said.
The latest agreement is an expansion of a deal signed in February. At that time, representatives of East Kalimantan province and its East Kutai district met with the Ras Al Khaimah Investment Authority and its subsidiary, RAK Minerals and Metals Investments. The two companies agreed to invest in a 139-kilometer coal railway project in the province worth $1 billion.
However, now the emirate will also commit to building a coal terminal, aluminium smelter and a power plant, worth a total of $4.2 billion.
Madhu Koneru, the chief executive of MEC Holdings, the company which will oversee development of the East Kalimantan project, said the total investment could create as many as 5,000 new jobs in the area within five years.
Gita Wirjawan, the chairman of Indonesia’s Investment Coordinating Board (BKPM), said MEC Infra, a subsidiary of MEC Holdings, will invest $1 billion in the railway project.
“Despite certain perceptions about Indonesia, MEC Infra was able to purchase and clear the land for the entire corridor within a few months,” Gita said.
According to a written statement from MEC, the company will also invest $250 million to build the coal terminal.
It will also invest $2 billion in cooperation with NALCO, Asia’s largest integrated aluminum producer, to build a smelter with an estimated production capacity of 500,000 tons annually. An additional $2 billion will be invested by MEC Coal to build a 1,250 megawatt power plant for the smelter.
Ras Al Khaimah produces less oil than Dubai and its oil-rich neighbor Abu Dhabi, and has instead focused on developing its industrial sector.
It opened its first cement company in 1970s and is now the UAE’s largest producer of cement. In the 1980s, the emirate established RAK Ceramics, now one of the world’s biggest ceramics producers.
Source: The Jakarta Globe
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Wednesday, 02 June 10
PLN TO DEVOUR 133 PERCENT MORE COAL IN NEXT FIVE YEARS
The Jakarta globe reported that, State electricity company PT Perusahaan Listrik Negara will more than double the amount of coal it uses over the ne ...
Tuesday, 01 June 10
LANCO INFRATECH PLANS POWER PROJECTS IN COASTAL REGIONS
My digital reported that, Hyderabad-based Lanco Infratech will set up power projects in coastal regions based on imported coal. The company is ...
Monday, 31 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE SHORTENS
Business week reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in powe ...
Saturday, 29 May 10
FREIGHT MARKET SEEMS TO BE STABILIZING - CAPT. REDDY
COALspot.com: The week was clearly for Cape which went up by almost 21 pct . The BDI was up only by 6 pct.
The other sectors were under pressure ...
Friday, 28 May 10
BERAU COAL GROUP SEEKS US$ 700 M LOAN
PT Bukit Mutiara has decided to revise down its bond issue from US$600 million to US$400 million. In total, it is seeking US$700 million of debt, co ...
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- Toyota Tsusho Corporation, Japan
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- Bulk Trading Sa - Switzerland
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- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
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- VISA Power Limited - India
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- Australian Coal Association
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- Bayan Resources Tbk. - Indonesia
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Parliament of New Zealand
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- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- India Bulls Power Limited - India
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- Deloitte Consulting - India
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- Eastern Coal Council - USA
- CNBM International Corporation - China
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- Siam City Cement - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
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- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
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- The Treasury - Australian Government
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- Sindya Power Generating Company Private Ltd
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- Indogreen Group - Indonesia
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- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- PowerSource Philippines DevCo
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- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Jindal Steel & Power Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
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- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
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- Attock Cement Pakistan Limited
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Trasteel International SA, Italy
- Planning Commission, India
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- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
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- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- PTC India Limited - India
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
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- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
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- Australian Commodity Traders Exchange
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- Thiess Contractors Indonesia
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- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- SMG Consultants - Indonesia
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- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
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- Riau Bara Harum - Indonesia
- Dalmia Cement Bharat India
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
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