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BSM Q1 Profit Jumps 42.87%

BSM Q1 Profit Jumps 42.87%  

JAKARTA, Indonesia Today - PT Bank Syariah Mandiri (BSM) posted net profit of Rp192.72 billion in the first quarter (Q1)…

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Oil Stays Below $92, Coal Shares Lost Steam

Oil Stays Below $92, Coal Shares Lost Steam 

JAKARTA, Indonesia Today - Coal-related shares retreated in the region this morning, after substantial rebound on Tuesday, as Nymex crude…

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CPO Slips, Dragging Down Plantation Shares

CPO Slips, Dragging Down Plantation Shares 

JAKARTA, Indonesia Today - Plantation shares slip again in the region this morning to tracking the downfall of crude palm…

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Royal Oak Seeking Rp500 Billion Loan

Royal Oak Seeking Rp500 Billion Loan 

JAKARTA, Indonesia Today - PT Royal Oak Development Asia Tbk (RODA) is now seeking bank loan amounting Rp500 billion for…

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Banyu Urip Field Starts Oil Production in May 2014

Banyu Urip Field Starts Oil Production in May 2014 

JAKARTA, Indonesia Today - The Upstream Oil and Gas Regulatory Body (BPMIGAS) is confident that Banyu Urip project in the…

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ENRG's Tonga Block Commences Oil Production

ENRG's Tonga Block Commences Oil Production  

JAKARTA, Indonesia Today - Tonga block PSC, controlled by Energi Mega Persada (ENRG), has commenced oil production at capacity of…

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Energi Mineral Langgeng Urged to Stop Exploration in Tanjung Village

Energi Mineral Langgeng Urged to Stop Exploration in Tanjung Village 

SUMENEP, Indonesia Today - Hundreds of Sumenep residents, East Java force PT Energi Mineral Langgeng (EML) to stop its exploration…

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State Officers Likely to Welcome Lady Gaga, FPI Threaten to Dissolve Concert

State Officers Likely to Welcome Lady Gaga, FPI Threaten to Dissolve Concert 

JAKARTA, Indonesia Today – State Officers are likelihood to welcome international superstar Lady Gaga to perform at Gelora Bung Karno…

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First Lady Downplays Ideas to Be 2014 President Candidate

First Lady Downplays Ideas to Be 2014 President Candidate 

JAKARTA, Indonesia Today – First Lady Ani Yudhoyono plays down the ideas of her presidential candidacy in 2014 Election currently…

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Multipolar Expands in Direct Broadcast Satellite Business

Multipolar Expands in Direct Broadcast Satellite Business 

JAKARTA, Indonesia Today - PT Multipolar Tbk has acquired 85% shares of PT Tecnoves International as part of its expansion…

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Delta Dunia Coal Output Down 2%

Delta Dunia Coal Output Down 2% 

JAKARTA, Indonesia Today - PT Bukit Makmur Mandiri Utama (BUMA), mining contractor unit of PT Delta Dunia Makmur Tbk (DOID),…

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UNTR Coal Sales Jumps 37%

UNTR Coal Sales Jumps 37% 

JAKARTA, Indonesia Today - PT United Tractors Tbk (UNTR)’s coal sales in the first four months of 2012 jumped 37.3%…

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Latest News

Bank Papua Q1 Profit Rp101.79 Billion

JAKARTA, Indonesia Today - PT Bank Pembangunan Daerah Papua (Bank Papua) booked profit after tax of Rp101.79 billion in the ...

Banking | Wednesday, 23 May 2012

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Naga Selatan-1 Drilling Reaches 84% Total Depth

MELBOURNE, Indonesia Today - Cue Energy Resources Ltd says the drilling in the Naga Selatan-1, East Kalimantan well has reached 84...

Energy | Wednesday, 23 May 2012

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SGX offers MSCI Indonesia Futures from 11 June

SINGAPORE, Indonesia Today - Singapore Exchange’s (SGX) MSCI Indonesia Index Futures will begin trading from 11 June ...

Stocks | Tuesday, 22 May 2012

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Bank Permata Sets Bond Coupon at 8.5-9.5%

JAKARTA, Indonesia Today - PT Bank Permata Tbk (BNLI) has set indicative coupon of between 8.50% to 9.50% for its ...

Bonds | Tuesday, 22 May 2012

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Three Trucks of PTPN II Burnt Down Following Clash with Local People

DELI SERDANG,  Indonesia Today - Local people have burnt down three unit trucks of State plantation company PT Perkebunan Nusantara ...

Dispute | Tuesday, 22 May 2012

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Multipolar Controls 10.59% Stake in Bank Nobu

JAKARTA, Indonesia Today - Lippo Group’s service and trading company, PT Multipolar Tbk (MLPL) invests Rp43.73 billion in PT Nationalnobu ...

Banking | Tuesday, 22 May 2012

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IDX Gains 1.19% on Regional and Wall Street Rebounds

JAKARTA, Indonesia Today - Composite index of the Indonesia Stock Exchange (IDX) gained 1.19% to 3,986.90 this morning following the re...

Stocks | Tuesday, 22 May 2012

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Fitch Affirms Bank Riau Kepri at 'A(idn)'

JAKARTA, Indonesia Today - Fitch Ratings has affirmed PT Bank Pembangunan Daerah Riau Kepri's (Bank Riau Kepri) National Long-Term Rating at...

Banking | Monday, 21 May 2012

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Fitch Upgrades BPD Maluku to 'A(idn)'

JAKARTA, Indonesia Today - Fitch Ratings has today upgraded PT Bank Pembangunan Daerah Maluku's (Bank Maluku) National Long-Term Rating and se...

Banking | Monday, 21 May 2012

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Astra Sedaya Financing Likely to Go Up to $200 Million

JAKARTA, Indonesia Today - The US$120 million three-year term loan for Astra Sedaya Finance is oversubscribed and may be increased to...

Banking | Monday, 21 May 2012

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Templeton's Investment in Indonesia Declines to 5% in April

FLORIDA, Indonesia Today - Templeton Global Income Fund invested 5% of its total net assets in Indonesia as of April 30...

Stocks | Monday, 21 May 2012

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Pratt & Whitney Canada Signs 5-Year Service Agreement with Pacific Royale Airways

MINNESOTA, Indonesia Today - Pratt & Whitney Canada SEA (P&WC SEA), located in Singapore, has signed a five-year Maintenance, Repair an...

Transportation | Monday, 21 May 2012

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Nomura Research Establishes Representative Office in Jakarta

TOKYO, Indonesia Today - Nomura Research Institute Ltd. (NRI), a leading provider of consulting services and system solutions, today announces th...

Internet | Monday, 21 May 2012

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Omedia Again Extends Megapower Acquisition

KUALA LUMPUR, Indonesia Today - Oriented Media Group Berhad (Omedia) extends its proposed acquisition of 85% equity interest in PT Me...

Energy | Monday, 21 May 2012

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Interra's Goldpetrol Commences Drilling in Myanmar

SINGAPORE, Indonesia Today - Interra Resources Limited, a company controlled by Indonesian tycoon Edwin Soeryadjaya, announces today that its jointly co...

Energy | Monday, 21 May 2012

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JSW Steel Production Grows 10% in April

SINGAPORE, Indonesia Today - JSW Steel Limited reported monthly crude steel production of 7.15 lacs tons for April 2012, with a ...

Steel | Monday, 21 May 2012

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Tunas Ridean to Acquire Izusu Distributor

JAKARTA, Indonesia Today - Car distributor and dealer PT Tunas Ridean Tbk (TURI) and its unit PT Tunas Mobilindo Parama pl...

Automotive | Monday, 21 May 2012

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Surya Toto to Build Sanitary Factory This Year

JAKARTA, Indonesia Today - Sanitary and plumbing company PT Surya Toto Indonesia Tbk (TOTO) intends to build new sanitary factory in...

Stocks | Monday, 21 May 2012

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Zebra NUsantara to Acquire CNG Distributor

  JAKARTA, Indonesia Today - Transportation company PT Zebra Nusantara Tbk (ZBRA) plans to acquire a company, distributor of compressed natural gas...

Transportation | Monday, 21 May 2012

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Mother of Hidayat Nur Wahid Passes Away

JAKARTA, Indonesia Today – Siti Rahayu, mother of Hidayat Nur Wahid, Jakarta governor candidate from the Prosperous Justice Party (PKS), ha...

People | Monday, 21 May 2012

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Bank Riau Kepri Books Rp64 Billion Profit in Q1

JAKARTA, Indonesia Today - Regional development bank PT Bank Riau Kepri reported profit after tax of Rp63.89 billion in the fi...

Banking | Monday, 21 May 2012

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Bank Sulselbar Books Rp68 Billion Profit in Q1

JAKARTA, Indonesia Today - Regional development bank PT Bank Sulawesi Selatan dan Barat (Sulselbar), formerly PT Bank Sulsel, posted consolidated pr...

Banking | Monday, 21 May 2012

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BCA Targets Rp4 Trillion Loan for Infrastructure

JAKARTA, Indonesia Today - PT Bank Central Asia (BCA) Tbk (BBCA) targets to loan Rp3-4 trillion for infrastructure sector in ...

Banking | Sunday, 20 May 2012

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BI Rules on Rewards Restriction and Individual Ownership in Banks

JAKARTA, Indonesia Today - Central bank Bank Indonesia (BI) releases policy direction for conventional banking this year, including the restriction ...

Banking | Sunday, 20 May 2012

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Latest News:

Resources

Theindonesiatoday.com - Sembcorp has signed an engineering, procurement and construction (EPC) contract with Alstom Power SINGAPORE and Alstom (Switzerland) for the development of Sembcorp’s second cogeneration plant on Jurong Island in Singapore. 

Construction for the project is expected to commence in the second half of 2011 and the plant’s first phase is expected to be operational by the second half of 2013.

The combined-cycle gas turbine cogeneration plant will have an eventual capacity of 800 megawatts of power and 400 tonnes per hour of process steam, roughly doubling Sembcorp’s total power capacity in Singapore to 1,615 megawatts, up from the current 815 megawatts. To be developed in phases, the first phase of the project will have a power capacity of 400 megawatts.

The facility will operate under a generation licence granted to Sembcorp by the Energy Market Authority and will be fuelled by piped natural gas, as well as liquefied natural gas (LNG) for which Sembcorp has signed a long-term LNG supply agreement with BG Singapore.

With an EPC contract value of approximately S$900 million for its entire planned capacity, this new cogeneration project is expected to be funded through a mix of bank borrowings and internal sources. (ferdi@theindonesiatoday.com)


More articles :

» Noble Becomes Substantial Shareholder in Coalworks

SYDNEY, Indonesia Today - Emerging independent coal company, Coalworks Limited, has raised $17.4 million through a share placement to international and domestic investors, including global supply chain manager Noble Group Limited.

» Datang Power Slashed 53.7%, Huaneng Tumbles 77%

Theindonesiatoday.com - Datang International Power Generation Co Ltd, one of the largest power companies in China, booked net profit of RMB354 million in the quarter ended September 2011, slashed 53.7% from the same period last year.

» Faldi Ismail Adds Ownership in Kalimantan Gold

Theindonesiatoday.com - Faldi Ismail, the Deputy Chairman and CEO of Kalimantan Gold Corporation (KGC), has bought 991,000 shares of KGC through the TSX Venture Exchange.

» PGN Pays Out Interim Dividend Rp263 Billion

Theindonesiatoday.com - State-owned gas distribution and transmission company PT Perusahaan Gas Negara (PGAS) Tbk will pay out interim dividend of Rp263 billion from its net profit of Rp4.5 trillion in nine months of 2011.

» Natuna's Gas Sales Inches Up 0.6% in 2011

LONDON, Indonesia Today - Premier Oil Plc says the Natuna Sea Block A in 2011 sold an overall gross average of 161 billion british thermal units per day (BBtud) of gas, inched up 0.6% from 2010, including rates in excess of 200 BBtud as Gajah Baru...

» Wartsila Supplies Sei Gelam Gas Engine

JAKARTA, Indonesia Today - Wärtsilä, a leading global supplier of plant solutions, has been awarded the contract to supply a new, gas-fired power plant Sei Gelam in Jambi, Indonesia.

» West Wits Divests South Africa Mines, Focus in Papua

SYDNEY, Indonesia Today - West Wits Mining Ltd divests its four South African mining leases for A$9 million and will use the money to fund up its Derewo Gold Project, Papua.

» Moody's Upgrades Bakrie Sumatera Plantations to Caa2

Theindonesiatoday.com - Moody's Investors Service has today raised the corporate family rating of Bakrie Sumatera Plantations Tbk (UNSP) to Caa2 from Ca. The rating outlook is stable.

» Pertamina Signs Two New CBM Blocks

Theindonesiatoday.com - PT Pertamina Hulu Energi (PHE), subsidiary of state company PT Pertamina, has today officially signed two non-conventional Coal Bed Methane (CBM) blocks in Suban, Sumatera Selatan.

» PLN Establishes Solar Power Plant in Sebatik

JAKARTA, Indonesia Today - State-owned utility, PT PLN, establishes the 340 kilowatt peak (kWp) Sebatik Solar Power Plant in Sebatik Island, East Kalimantan.

» AWE Granted New Shale Gas Study Area in Indonesia

SYDNEY, Indonesia Today - AWE Limited was granted 1 of 4 new shale gas study area in Indonesia 5.000 Sq KM. Firth shale gas acreage in country with focus on prolific central Sumatera basin 10 billion BEO produced to date.

» Indonesia, China Sign $17.4 Bln Billateral Trade Deal

BEIJING, Indonesia Today - President Susilo Bambang Yudhoyono (SBY) said businessmen from Indonesia and China have agreed to cooporate in all sectors with total value of US$17.4 billion, Bisnis Indonesia reported this morning.

» Coal Fe Expects Significant Drop for Abadi Coal Project

MELBOURNE, Indonesia Today - Coal Fe Resources Ltd (ASX: CES) sees its Abadi Coal Project records 50.5% coal sales drop in the March 2012 quarter to 41,295 tons compared to the December 2011 quarter due to wet season.

» Chevron Awards US$26 Million Contract to Gita's Ancora

JAKARTA, Indonesia Today - PT Bormindo Nusantara, subsidiary of PT Ancora Indonesia Resources (OKAS) Tbk---controlled by trade affairs minister Gita Wirjawan, has been awarded new contract by PT Chevron Pacific Indonesia.

» PLN & World Bank to Sign Financing for Upper Cisokan Hydropower

Theindonesiatoday.com - PT Perusahaan Listrik Negara (PLN) is scheduled to sign project financing of US$790 million with World Bank for the construction of Upper Cisokan hydropower plant in West Java.

 

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