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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, 09 December 09
COAL INDIA YET TO IMPLEMENT IMPORT LINKED PRICES
Coal India Ltd is adopting a conservative approach in pricing despite being allowed to charge import-linked price for the country's minuscule reser ...
Wednesday, 09 December 09
INDIA NEEDS TO IMPORT 29 MILLION TONNE STEAM COAL IN 2009 - 10
Mr Sriprakash Jaiswal Indian minister of state (Independent Charge) for coal informed the Rajya Sabha that Central Electricity Authority has estimat ...
Tuesday, 08 December 09
VOLATILE COAL PRICES SPUR ASIAN HEDGING
Volatile coal prices are forcing staid Asian power firms to change the way they buy fuel, setting the scene for a hedging boom as a growing array of ...
Tuesday, 08 December 09
MEC TO SHIP 2M T INDONESIA COAL TO INDIA IN 2010 - REUTER'S INTERVIEW
The UAE's Middle East Coal plans to start operation of coal mines in Indonesia's East Kalimantan province next year with initial production of 2 m ...
Tuesday, 08 December 09
RICHARDS BAY COAL SHIPMENTS FELL 11% IN NOVEMBER FROM YEAR AGO
Coal exports from South Africa’s Richards Bay, site of the continent’s largest export terminal for the fuel, fell 11 percent in November ...
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- Meenaskhi Energy Private Limited - India
- Latin American Coal - Colombia
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- Minerals Council of Australia
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Sical Logistics Limited - India
- Parliament of New Zealand
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- Baramulti Group, Indonesia
- The University of Queensland
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Australian Coal Association
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Krishnapatnam Port Company Ltd. - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
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