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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, 16 September 09
NAPOCOR GETS 3 OFFERS IN COAL TENDER
ABS-CBN news reported that, The Philippines' state-run National Power Corp. (Napocor) said on Wednesday it received offers from 3 Indonesian firms ...
Wednesday, 16 September 09
S.KOREA KOSEP BUYS 1.06 MLN T COAL-SOURCE
* 6,080 kcal/kg at $63-65, 4,900-5,350 kcal/kg at $56-58
* Initially about 5 mln T offered for tender
Reuters reported that, Korea South ...
Tuesday, 15 September 09
CHINA COAL EXPORT ROSE M-O-M FOR THE STRAIGHT 3 MONTHS
Alibaba reported that, In the January-August period, China coal exports slid by 55.9% to 14.83mln tons month on month. In August, China exported 1.9 ...
Monday, 14 September 09
CIL MAY REDUCE FLOOR PRICE OF E-AUCTION COAL
After receiving a lukewarm response to the forward e-auction started in two of its subsidiaries, Coal India Limited (CIL) is mulling to reduce the f ...
Monday, 14 September 09
INDONESIAN GOVT UPBEAT ABOUT $1.5B, 185-KM COAL RAILWAY PROJECT
In addition to a 30-year concession right, the government will also award a competitive pricing scheme as an incentive to lure investors in a US$1.5 ...
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- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Economic Council, Georgia
- Ministry of Transport, Egypt
- The University of Queensland
- Bulk Trading Sa - Switzerland
- Jorong Barutama Greston.PT - Indonesia
- Savvy Resources Ltd - HongKong
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- SMG Consultants - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Edison Trading Spa - Italy
- PTC India Limited - India
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Timah Investasi Mineral - Indoneisa
- Eastern Energy - Thailand
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
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