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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 $2 billion will be invested by MEC Coal to build a 1,250 megawatt power plant for the smelter.
Ras Al Khaimah produces less oil than Dubai and its oil-rich neighbor Abu Dhabi, and has instead focused on developing its industrial sector.
It opened its first cement company in 1970s and is now the UAE’s largest producer of cement. In the 1980s, the emirate established RAK Ceramics, now one of the world’s biggest ceramics producers.
Source: The Jakarta Globe
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Wednesday, 23 September 09
TATA POWER TO COMMISSION 2 UNITS OF MUNDRA UMPP BY FEB 2012
Business Standard reported that, the country's largest private power producer Tata Power today said it would commission 1,600 MW capacity of its 4, ...
Wednesday, 23 September 09
NAVA BHARAT TO ADD 300MW CAPACITY, RAISE RS1,386 CRORE (US$ 289,674,610)
The firm plans to place orders for equipment by the end of October and commission both the plants by April 2012 to sell power in the open market
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Tuesday, 22 September 09
ASIA COAL-PRICES TOPS $70 AS TRADERS SEEK BARGAINS
Reuters reported that, prices of power-station coal in Australia, a benchmark for Asia, rose for the second week to top $70 a tonne this week, clawi ...
Tuesday, 22 September 09
QINHUANGDAO COAL PRICES SURGE ON STRONG DEMAND
People's Daily Online reported that, Coal prices at Qinhuangdao port, China's largest coal port, witnessed the sharpest increase in the year last ...
Tuesday, 22 September 09
SHORT PERIOD RATE FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR
COALspot.com (Singapore): The dry bulk market continued to be stable with the BDI just dropping by about 5 pct to 2,356 points last week. The change ...
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- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- India Bulls Power Limited - India
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Economic Council, Georgia
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- White Energy Company Limited
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Parliament of New Zealand
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
- Aditya Birla Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- McConnell Dowell - Australia
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Coalindo Energy - Indonesia
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Toyota Tsusho Corporation, Japan
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- The State Trading Corporation of India Ltd
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
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