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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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Monday, 15 February 10
MEC INFRA TO COMMISSION INDONESIA RAIL PROJECT
A joint venture between Ras Al Khaimah Investment Authority (Rakia) RAK Investment Authority and Minerals Energy and Commodities Holdings, a f ...
Monday, 15 February 10
INDONESIA IN TALKS TO RESOLVE BANPU MINE CLOSURE
Indonesia is seeking to resolve a land permiting problem resulting in the closure of a coal mine in Kalimantan operated by a unit of Thailand's top ...
Monday, 15 February 10
PVT ENTRY IN COAL MINING TO BE DELAYED
Entry of private players in coal mining will be delayed. Contrary to expectations, the coal ministry will not move in the Budget session a bill that ...
Sunday, 14 February 10
NEWCASTLE STEAM COAL TRADES AT US$ 91 TO US$ 92
Reuters reported that prompt cargo prices for coal delivered into Europe were largely unchanged recently after a day of subdued trading.
European ...
Saturday, 13 February 10
THE FREIGHT MARKET CONTINUED TO BE WEAK THIS WEEK - CAPT. REDDY
COALspot.com (Singapore): The freight market continued to be weak this week. There have been quite a few spot vessels open Far east and have been fo ...
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- Bhushan Steel Limited - India
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- Minerals Council of Australia
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- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
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- Australian Coal Association
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- Commonwealth Bank - Australia
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- Borneo Indobara - Indonesia
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- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
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- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
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- The State Trading Corporation of India Ltd
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- Bukit Asam (Persero) Tbk - Indonesia
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- Agrawal Coal Company - India
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- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- IEA Clean Coal Centre - UK
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
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- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
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- Power Finance Corporation Ltd., India
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- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
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- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
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- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Larsen & Toubro Limited - India
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- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
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- Parliament of New Zealand
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Altura Mining Limited, Indonesia
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- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- Posco Energy - South Korea
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
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- Coalindo Energy - Indonesia
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- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
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- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
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- AsiaOL BioFuels Corp., Philippines
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