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Saturday, 13 February 10
INDONESIA OFFERS TAX INCENTIVES FOR RENEWABLE ENERGY
 Indonesia is offering tax incentives to develop renewable energy projects, including geothermal energy, to cut dependency on fossil fuels, a decree published on the finance ministry's web site (www.depkeu.go.id/ind/) showed. Indonesia has said previously that its wants to use more renewables and is targeting by 2025 an energy use mix of 30 percent from gas, 20 percent from oil-based fuels, 30 percent from coal, and the rest from renewables such as geothermal and solar power.
According to the decree, signed Jan. 29 by Finance Minister Sri Mulyani Indrawati, the government will reduce net tax by 5 percent per year on total investment for 6 years.
The government will also allow faster asset amortization and impose a lower tax rate on dividend payments for non-resident investors, the decree said.
The government will also provide exemption from value-added tax and import duty for equipment and machinery used in renewable energy projects.
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“The government will allow faster asset amortization and impose a lower tax rate on dividend payments for non-resident investors”
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An exemption on value-added tax on equipment used for exploration of oil and other energy resources, including geothermal, has also been extended until December.
Indonesia, with hundreds of active and extinct volcanoes, has the potential to produce an estimated 27,000 MW of electricity from geothermal sources.
However, that potential remains largely untapped because the high cost of geothermal energy makes the price of electricity generated this way expensive.
Chevron, lLocal energy firm Medco Energi Internasional and state oil firm Pertamina currently have geothermal investments in Indonesia.
Indonesia has also been offering new exploration rights and financial incentives for oil and gas investors in a bid to stem a steady decline in production that has increased the need for imports.
However, oil industry players have said that the incentives are not sufficient.
Indonesia has turned into a net importer of crude oil in recent years as production has slumped after a failure to tap new fields fast enough. Its crude oil production has dropped from about 1.5 million barrels per day (bpd) in the 1990s to about 815,000 bpd currently.
Source: Reuters
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Wednesday, 17 February 10
LAND OVERLAPPING UNAVOIDABLE
Land overlapping issues in the mining industry is unavoidable due to the availability of mineral, coal, and oil resources which are often located be ...
Wednesday, 17 February 10
JORONG COULD COST BANPU 5%
Banpu Plc, Asean's biggest coal miner, forecasts a 5% drop in revenue if its suspended coal mine in Indonesia is closed for one year, says presiden ...
Wednesday, 17 February 10
RUSSIA KRU JAN COAL EXPORTS DOWN 4 PCT
Kuzbassrazrezugol, Russia's second largest steam coal producer, exported 1.859 million tonnes of coal last month, down 80,000 tonnes or 4 percent f ...
Wednesday, 17 February 10
VEDANTA SET FOR PORTS ENTRY WITH VIZAG TENDER
Vedanta, along with Leighton Contractors India, quoted a revenue share of 38.1% to win the 30-year contract
Mining and metals conglomerate Vedant ...
Tuesday, 16 February 10
TRENDS DRY BULK MARKET ... TRENDS - BRS
The start of the Chinese New Year had an immediate impact on rates and for once all the dry bulk segments lost similar ground.
The BDI fell 5%, a ...
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- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Africa Commodities Group - South Africa
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Mintek Dendrill Indonesia
- Bharathi Cement Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- VISA Power Limited - India
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Interocean Group of Companies - India
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
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