Monday, 05 Mar 2012
Indonesia energy and mineral resources deputy minister Widjajono Partowidagdo has criticized coal mining companies for taking too much profit. He said that the profits of these companies reached 66% of total production, while the state only receives 34% of the profit.
He said that “That’s too much. It’s different with the oil and gas industries that provide benefits for the state and the public.”
He added that This condition has led to rapid growth in the mining industry and the high production profit has also seen many Indonesian grow rich, he said. “Look at the list of the richest people in Indonesia according to Forbes magazine. Almost all of them are in the coal mining sector.”
As such, Mr Widjajono said the regulation on profit sharing in the coal mining sector between the government and contractor companies must be revised. He said the Energy Ministry was now drafting a formula for coal mine profit sharing between coal companies and the state.
source:Tempointeractive.co
Showing posts with label coal mining. Show all posts
Showing posts with label coal mining. Show all posts
Monday, March 5, 2012
Wednesday, February 15, 2012
NTPC told to begin production from 5 de allocated coal blocks
Wednesday, 15 Feb 2012
Mr P Uma Shankar Power Secretary at an Operation & Maintenance conference said public sector power major NTPC has been asked to begin production from five mines re-allocated to it by the Coal Ministry. The blocks had earlier been taken away after the company failed to develop them.
He said that “Some of NTPC coal mines were de-allocated now they have been re-allocated they should do something to increase production from those blocks.”
Last year, the Coal Ministry had cancelled allocation of five blocks Chatti Bariatu, Chatti Bariatu, Kerandari, Brahmani and Chichiro Patsimal to NTPC as it could not develop the mines within the stipulated timeframe.
In his address to the conference, the Union Minister of State for Power Mr KC Venugopal said the country should seriously focus on improving availability of domestic coal by developing more mines and had to find ways to improve fuel security.
He asked NTPC to work hard for early start of production of coal from its captive mines to help bridge the gap between requirement and availability as also lower the cost of power generation.
Pricing of coal
Mr Venugopal said availability and pricing of coal were two crucial issues confronting the power sector. He said initiatives had already been taken for execution of fuel supply agreements for plants commissioned beyond March 2009.
Meanwhile, sources said NTPC may soon begin work on its proposed 1,980 megawatt thermal power plant at North Karanpura in Jharkhand.
Mr Arup Roy Choudhury NTPC Chairman and Managing Ditrector said that “We are told that the report on the North Karanpura project is with the Finance Minister and we are also told that the project will come up. We are ready for the project.”
Mr Choudhury said he was hopeful of starting work on the project as soon as the panel gave its go-ahead. He said that “Our land acquisition is over. The moment we get the clearance, we would start work.”
The proposed plant has been in the news over its relocation, as it is planned in an area holding six billion tonnes of coal reserves. While the Coal Ministry was arguing in favour of relocating the proposed plant, the Power Ministry was opposed to the move, following which the matter was referred to a Ministerial panel last year.
(sourced Thehindubusinessline.com)
Mr P Uma Shankar Power Secretary at an Operation & Maintenance conference said public sector power major NTPC has been asked to begin production from five mines re-allocated to it by the Coal Ministry. The blocks had earlier been taken away after the company failed to develop them.
He said that “Some of NTPC coal mines were de-allocated now they have been re-allocated they should do something to increase production from those blocks.”
Last year, the Coal Ministry had cancelled allocation of five blocks Chatti Bariatu, Chatti Bariatu, Kerandari, Brahmani and Chichiro Patsimal to NTPC as it could not develop the mines within the stipulated timeframe.
In his address to the conference, the Union Minister of State for Power Mr KC Venugopal said the country should seriously focus on improving availability of domestic coal by developing more mines and had to find ways to improve fuel security.
He asked NTPC to work hard for early start of production of coal from its captive mines to help bridge the gap between requirement and availability as also lower the cost of power generation.
Pricing of coal
Mr Venugopal said availability and pricing of coal were two crucial issues confronting the power sector. He said initiatives had already been taken for execution of fuel supply agreements for plants commissioned beyond March 2009.
Meanwhile, sources said NTPC may soon begin work on its proposed 1,980 megawatt thermal power plant at North Karanpura in Jharkhand.
Mr Arup Roy Choudhury NTPC Chairman and Managing Ditrector said that “We are told that the report on the North Karanpura project is with the Finance Minister and we are also told that the project will come up. We are ready for the project.”
Mr Choudhury said he was hopeful of starting work on the project as soon as the panel gave its go-ahead. He said that “Our land acquisition is over. The moment we get the clearance, we would start work.”
The proposed plant has been in the news over its relocation, as it is planned in an area holding six billion tonnes of coal reserves. While the Coal Ministry was arguing in favour of relocating the proposed plant, the Power Ministry was opposed to the move, following which the matter was referred to a Ministerial panel last year.
(sourced Thehindubusinessline.com)
Tuesday, February 14, 2012
PT Resource Alam takes over four coal miners in East Kalimantan
Tuesday, 14 Feb 2012
Coal miner PT Resource Alam Indonesia said that it has spent USD 7.9 million to acquire controlling stakes in four coal mining companies in East Kalimantan.
The company in a statement said that Resource Alam purchased a 75% stake in each of the firms: PT Kaltim Mineral, PT Jaya Mineral, PTTambang Mulia and PT Chaido Mega Mineral.
The statement said that “Future development of the newly acquired concessions, in addition to the company’s organic growth, is in alignment with Resource Alam’s long term objective to become one of Indonesia’s major coal producers.”
Resource Alam previously commissioned mining consultant PT Britindo to conduct geological studies of the coal mining concessions, which span 28,521 hectares, and their prospective open-cut potential.
Indonesia, the world’s largest coal exporter, is expected to produce 340 million tons this year, including 6 million tons expected to be produced by Resource Alam.
Mr Eric Tirtana Resource Alam’s investor relations chief told The Jakarta Post that “The newly acquired fields are still green fields, they’re not yet producing. The potentials are still being analyzed. We’re still counting on organic growth for the year.”
Chaido is the closest to starting operations next year, on 5,000 hectares near Resource Alam’s northern block. Resource Alam spent USD 1.67 million to acquire the company’s 75% stake.
Meanwhile, Kaltim Mineral, Jaya Mineral and Tambang Mulia will start production in 2015 on a combined adjoining area of 23,521 hectares. A 75% stake in each of the three firms was valued at USD 6.25 million.
(sourced Thejakartapost.com)
Coal miner PT Resource Alam Indonesia said that it has spent USD 7.9 million to acquire controlling stakes in four coal mining companies in East Kalimantan.
The company in a statement said that Resource Alam purchased a 75% stake in each of the firms: PT Kaltim Mineral, PT Jaya Mineral, PTTambang Mulia and PT Chaido Mega Mineral.
The statement said that “Future development of the newly acquired concessions, in addition to the company’s organic growth, is in alignment with Resource Alam’s long term objective to become one of Indonesia’s major coal producers.”
Resource Alam previously commissioned mining consultant PT Britindo to conduct geological studies of the coal mining concessions, which span 28,521 hectares, and their prospective open-cut potential.
Indonesia, the world’s largest coal exporter, is expected to produce 340 million tons this year, including 6 million tons expected to be produced by Resource Alam.
Mr Eric Tirtana Resource Alam’s investor relations chief told The Jakarta Post that “The newly acquired fields are still green fields, they’re not yet producing. The potentials are still being analyzed. We’re still counting on organic growth for the year.”
Chaido is the closest to starting operations next year, on 5,000 hectares near Resource Alam’s northern block. Resource Alam spent USD 1.67 million to acquire the company’s 75% stake.
Meanwhile, Kaltim Mineral, Jaya Mineral and Tambang Mulia will start production in 2015 on a combined adjoining area of 23,521 hectares. A 75% stake in each of the three firms was valued at USD 6.25 million.
(sourced Thejakartapost.com)
Wednesday, January 11, 2012
Mozambique families protest against Brazil's Vale
Wed Jan 11, 2012
JOHANNESBURG (Reuters) - Families resettled by Brazilian mining giant Vale in the Tete region of Mozambique protested on Tuesday that the company had failed to keep promises it made to them in 2009.
About 700 families, resettled approximately 60 kilometres away from the Moatize coal mining site, demonstrated against the lack of access to water, electricity and agricultural land at their resettlement Cateme area.
"Many promises made by Vale before they resettled us here have not been accomplished since 2009," said community leader Eduardo Zinocassaka.
Vale refused to comment, saying it had an agreement with the local government, which would release an official comment on Wednesday morning.
The families were resettled between November 2009 and December 2010.
"Last December we sent a document-complaint to the government of Moatize District requesting their official intervention to solve the problems faced by the communities, and as we saw the government's incapacity, we decided to demonstrate," Zinocassaka told Reuters by phone.
(sourced Reuters)
JOHANNESBURG (Reuters) - Families resettled by Brazilian mining giant Vale in the Tete region of Mozambique protested on Tuesday that the company had failed to keep promises it made to them in 2009.
About 700 families, resettled approximately 60 kilometres away from the Moatize coal mining site, demonstrated against the lack of access to water, electricity and agricultural land at their resettlement Cateme area.
"Many promises made by Vale before they resettled us here have not been accomplished since 2009," said community leader Eduardo Zinocassaka.
Vale refused to comment, saying it had an agreement with the local government, which would release an official comment on Wednesday morning.
The families were resettled between November 2009 and December 2010.
"Last December we sent a document-complaint to the government of Moatize District requesting their official intervention to solve the problems faced by the communities, and as we saw the government's incapacity, we decided to demonstrate," Zinocassaka told Reuters by phone.
(sourced Reuters)
Wednesday, December 7, 2011
L&L Energy inks coal marketing deal with Chinese Co
Wednesday, 07 Dec 2011
Reuters reported that L&L Energy Inc a US based company with coal mining and distribution businesses in China subsidiary signed an agreement with China Chengtong Metal Corporation to jointly sell one million tons of coal in China during 2012.
L&L Energy which was founded in 1995 and operates in Yunnan and Guizhou provinces in southwest China said the sale pact is expected to generate USD 150 million in revenues at USD 150 per ton coal price.
L&L Energy said in a statement that DaXing-L&L Coal Inc a subsidiary of L&L Energy and China Chengtong Metal Tianjin Company a subsidiary of state owned CCMC will jointly source and sell coal in China.
(Sourced from Reuters)
Reuters reported that L&L Energy Inc a US based company with coal mining and distribution businesses in China subsidiary signed an agreement with China Chengtong Metal Corporation to jointly sell one million tons of coal in China during 2012.
L&L Energy which was founded in 1995 and operates in Yunnan and Guizhou provinces in southwest China said the sale pact is expected to generate USD 150 million in revenues at USD 150 per ton coal price.
L&L Energy said in a statement that DaXing-L&L Coal Inc a subsidiary of L&L Energy and China Chengtong Metal Tianjin Company a subsidiary of state owned CCMC will jointly source and sell coal in China.
(Sourced from Reuters)
Tuesday, October 11, 2011
Industry pushes for commercial mining in coal sector
Tue,Oct 11, 2011 |Source PTI
Industry body FICCI today sought transparency in allocation of natural resources and also introduction of greater competition in coal sector by allowing commercial mining.
FICCI President Harsh Mariwala emphasised the need for transparent market-based mechanisms in the allocation and utilisation of natural resources.
He urged the government to introduce greater competition in the coal sector, noting that India's productivity in the sector was one tenth of the US.
"The Government should immediately implement the recommendations of Ashok Chawla's Committee which looked into the issue of allocation of natural resources in great detail and suggested transparent mechanisms", Mariwala told a press conference.
"However, there is a need to look even beyond these recommendations in order to have more effective rules and regulations," he said.
Citing an example, Mariwala said although the Chawla Committee has not done so in its report, there was a need to introduce commercial mining in the coal sector through competitive bidding which would ensure that India's productivity of coal mining increases.
Currently, under the Coal Mines (Nationalisation) Act, 1973, the Central Government, a Government company (including a State Government company), a Corporation owned, managed and controlled by the Central Government can do coal mining without the restriction of captive use. Whereas, a private company can only do captive mining as per the Act, said FICCI.
Unless, commercial mining was allowed and greater competition introduced, India's coal productivity would not increase and the country would continue to be a net importer of coal, he said.
India's coal imports have increased from 59 million tonnes in 2008-09 to 89 million tonnes in 2010-11. In 2009-10, India imported coal worth Rs 37,000 crore.
"Substantial reliance on coal imports is unsustainable in the long run; the current productivity in coal mining in India is one-tenth of the US, which is the second largest producer of coal," Mariwala noted.
(sourced moneycontrol)
Industry body FICCI today sought transparency in allocation of natural resources and also introduction of greater competition in coal sector by allowing commercial mining.
FICCI President Harsh Mariwala emphasised the need for transparent market-based mechanisms in the allocation and utilisation of natural resources.
He urged the government to introduce greater competition in the coal sector, noting that India's productivity in the sector was one tenth of the US.
"The Government should immediately implement the recommendations of Ashok Chawla's Committee which looked into the issue of allocation of natural resources in great detail and suggested transparent mechanisms", Mariwala told a press conference.
"However, there is a need to look even beyond these recommendations in order to have more effective rules and regulations," he said.
Citing an example, Mariwala said although the Chawla Committee has not done so in its report, there was a need to introduce commercial mining in the coal sector through competitive bidding which would ensure that India's productivity of coal mining increases.
Currently, under the Coal Mines (Nationalisation) Act, 1973, the Central Government, a Government company (including a State Government company), a Corporation owned, managed and controlled by the Central Government can do coal mining without the restriction of captive use. Whereas, a private company can only do captive mining as per the Act, said FICCI.
Unless, commercial mining was allowed and greater competition introduced, India's coal productivity would not increase and the country would continue to be a net importer of coal, he said.
India's coal imports have increased from 59 million tonnes in 2008-09 to 89 million tonnes in 2010-11. In 2009-10, India imported coal worth Rs 37,000 crore.
"Substantial reliance on coal imports is unsustainable in the long run; the current productivity in coal mining in India is one-tenth of the US, which is the second largest producer of coal," Mariwala noted.
(sourced moneycontrol)
Thursday, August 18, 2011
CIL now wants to be No 1 in terms of revenue
Thursday, 18 Aug 2011 | By ET
State run Coal India, which toppled Reliance Industries as the country's most valued firm, said it is aiming to become number one company of the country in the near future in terms of revenue as well.
At August 17th 2011, the Maharatna firm had a market capitalisation of INR 251,296 crore on the Bombay Stock Exchange and ahead of erstwhile leader RIL marginally by INR 4,167 crore.
Mr NC Jha chairman of CIL said that "We have already become number one public sector company and now we are working on becoming number one firm in the country, profit and turnover wise as well. It is just a matter of some years.”
Attributing the recognition of the Maharatna firm as the number one company on the bourses to its 0.382 million employees, Mr Jha said that "It has happened due to extensive efforts of all Coal Indians, who have been engaged in coal mining day and night."
The Maharatna company, incorporated in 1973 in Kolkata, had reported a 64% growth in its consolidated net profit at INR 4,143 crore during the first quarter of this fiscal vis a vis INR 2,525 crore reported in the April to June of FY'11.
State run Coal India, which toppled Reliance Industries as the country's most valued firm, said it is aiming to become number one company of the country in the near future in terms of revenue as well.
At August 17th 2011, the Maharatna firm had a market capitalisation of INR 251,296 crore on the Bombay Stock Exchange and ahead of erstwhile leader RIL marginally by INR 4,167 crore.
Mr NC Jha chairman of CIL said that "We have already become number one public sector company and now we are working on becoming number one firm in the country, profit and turnover wise as well. It is just a matter of some years.”
Attributing the recognition of the Maharatna firm as the number one company on the bourses to its 0.382 million employees, Mr Jha said that "It has happened due to extensive efforts of all Coal Indians, who have been engaged in coal mining day and night."
The Maharatna company, incorporated in 1973 in Kolkata, had reported a 64% growth in its consolidated net profit at INR 4,143 crore during the first quarter of this fiscal vis a vis INR 2,525 crore reported in the April to June of FY'11.
Tuesday, August 16, 2011
Coal mine reorganization in Hebei boosts local coking coal prices
August16, 2011
According to a report released by China's National Energy Administration, the authorities in the Chinese province of Hebei are stepping up their efforts to eliminate backward coal production capacities, while promoting reorganization and mergers of local coal mining enterprises.
Within the scope of reduced outputs caused by the coal mining integration activities in Hebei Province, in the week from August 8 to August 14 coking coal prices in the province rose by RMB 20-25/mt ($3.13-3.91/mt).
|By Steelorbis
Within the scope of reduced outputs caused by the coal mining integration activities in Hebei Province, in the week from August 8 to August 14 coking coal prices in the province rose by RMB 20-25/mt ($3.13-3.91/mt).
|By Steelorbis
Sunday, August 14, 2011
Adani forms JV to develop coal blocks in Rajasthan
Aug13,2011 | source PTI
Adani Enterprises Limited (AEL), flagship company of Adani group, today said it has formed a joint venture with Rajasthan state utility for developing
Parsa and Kante Basan coal blocks there, having estimated reserves of 450 MT.
AEL has formed a joint venture company -- Parsa Kante Collieries (PKC) -- with the Rajasthan Rajya Vidyut Utpadan Nigam (RRVUN). The Adani group holds 74% stake in the JV, while RRVUN has the balance.
"We shall be providing end-to-end solutions for development of Parsa and Kante Basan coal blocks which have estimated reserves of 450 MT and combined peak production of 15 MMTPA," Adani group CFO Devang Desai told reporters.
"We have just got the first phase of clearance, work has begun... we are in the process of conducting the requisite studies. Our expectation is that mining operations shall commence from 2012," he said. The mining agreement is valid for the period of 30 years from the date of signing, a company statement said.
"We have signed contracts with SMEs for 110 MT of coal supply," Desai said. Adani group owns mining and development rights or 130 MT of coal mining in India. The group owns mines in Indonesia and Australia, a company statement said.
Parsa and Kante Basan coal blocks there, having estimated reserves of 450 MT.
AEL has formed a joint venture company -- Parsa Kante Collieries (PKC) -- with the Rajasthan Rajya Vidyut Utpadan Nigam (RRVUN). The Adani group holds 74% stake in the JV, while RRVUN has the balance.
"We shall be providing end-to-end solutions for development of Parsa and Kante Basan coal blocks which have estimated reserves of 450 MT and combined peak production of 15 MMTPA," Adani group CFO Devang Desai told reporters.
"We have just got the first phase of clearance, work has begun... we are in the process of conducting the requisite studies. Our expectation is that mining operations shall commence from 2012," he said. The mining agreement is valid for the period of 30 years from the date of signing, a company statement said.
"We have signed contracts with SMEs for 110 MT of coal supply," Desai said. Adani group owns mining and development rights or 130 MT of coal mining in India. The group owns mines in Indonesia and Australia, a company statement said.
Friday, August 5, 2011
Wescoal to sue over R15m claim
Swart unable to comment because of interdict that prevents him from talking about various aspects of Wescoal matter
Aug05, 2011
By Allan Seccombe
WESCOAL Holdings has had legal papers drawn up to sue Sutha Civils for damages the coal mining company suffered during a battle between the two groups stemming from a dispute over a payment of R15m, Wescoal CEO Andre Bojé said yesterday.
JSE-listed Wescoal won an application in court to overturn a liquidation application brought against its subsidiary Wescoal Mining by Sutha and the listed coal producer was awarded a "punitive costs order" against Sutha, he said.
Wescoal yesterday ended 3c lower at 72c on the JSE.
The matter flared up in a public brawl in March when Sutha levelled allegations against Wescoal that were strongly denied by Mr Bojé.
Sutha claimed that it was owed R15m by Wescoal. It was these allegations that drove down Wescoal’s share price and it is on this basis that Wescoal is preparing legal action against Sutha, its CEO Nico Swart and Sutha consultant Wimpie Badenhorst.
"These court orders bring to an end the madness of the Sutha matter and Wescoal will be pursuing a substantial damages claim against Sutha, Mr Swart and Mr Badenhorst for their destruction of value and the harm they have brought on Wescoal and its shareholders," Mr Bojé said.
During the process to obtain an interdict against Sutha to prevent it from making further public pronouncements against Wescoal the court suggested the listed company seek damages against Sutha, he said.
"The punitive costs order is a clear indication that the court has a dim view of their approach and reinforces the judgment handed down in the South Gauteng High Court last week that the Sutha actions were malicious, groundless, unsubstantiated and devoid of truth," said Mr Bojé.
Mr Swart said he was unable to comment because of an interdict granted to Wescoal to prevent him from talking about various aspects of Wescoal.
(sourced Business Day)
JSE-listed Wescoal won an application in court to overturn a liquidation application brought against its subsidiary Wescoal Mining by Sutha and the listed coal producer was awarded a "punitive costs order" against Sutha, he said.
Wescoal yesterday ended 3c lower at 72c on the JSE.
The matter flared up in a public brawl in March when Sutha levelled allegations against Wescoal that were strongly denied by Mr Bojé.
Sutha claimed that it was owed R15m by Wescoal. It was these allegations that drove down Wescoal’s share price and it is on this basis that Wescoal is preparing legal action against Sutha, its CEO Nico Swart and Sutha consultant Wimpie Badenhorst.
"These court orders bring to an end the madness of the Sutha matter and Wescoal will be pursuing a substantial damages claim against Sutha, Mr Swart and Mr Badenhorst for their destruction of value and the harm they have brought on Wescoal and its shareholders," Mr Bojé said.
During the process to obtain an interdict against Sutha to prevent it from making further public pronouncements against Wescoal the court suggested the listed company seek damages against Sutha, he said.
"The punitive costs order is a clear indication that the court has a dim view of their approach and reinforces the judgment handed down in the South Gauteng High Court last week that the Sutha actions were malicious, groundless, unsubstantiated and devoid of truth," said Mr Bojé.
Mr Swart said he was unable to comment because of an interdict granted to Wescoal to prevent him from talking about various aspects of Wescoal.
(sourced Business Day)
Tuesday, February 15, 2011
Jairam Ramesh gives go-ahead to sixteen coal projects
NDTV Correspondent,
Updated: February 15, 2011 14:35 IST
New Delhi: Ahead of a meeting of the Group of Ministers (GoM) on the coal issue on Friday, Union Environment Minister Jairam Ramesh has agreed to clear sixteen coal projects that have been stuck for a year now.
Coal minister Sriprakash Jaiswal told NDTV that he had a fruitful meeting with Jairam Ramesh who has agreed to relax pollution norms slightly, thus allowing sixteen projects of the state-owned Coal India Limited to go ahead.
"My meeting with Jairam Ramesh was fruitful, he understood our problems. We are both doing our duties...a final meeting with the GoM is still pending."
The meeting between the two ministers was held on February 10.
The softening of stand over the coal projects preceded months of confrontation between the environment and the coal ministries with Jairam clearly demarcating go and no-go areas for coal projects.
This resulted in several projects being held up.
The face-off between the two ministries had reportedly led Prime Minister Manmohan Singh to ask the Ministry of Environment and Forest (MoEF) to reconsider the policy of 'no-go' mining areas in view of coal shortages that the power sector is facing.
Tags: coal mining, Coal ministry, Environment Ministry, Jairam Ramesh, Jairam Sriprakash Jaiswal, no-go areas, Sriprakash Jaiswal
Sunday, January 16, 2011
Indonesia to allow geothermal mining activities in conserved forests
Sunday, 16 Jan 2011
The Jakarta Post reported that Indonesian government will soon issue a presidential decree to allow the opening of conserved forests across the country for geothermal mining activities.
Mr Zulkifli Hasan forestry minister of Indonesia said that the 2009 mineral and coal mining law has opened ample room to utilize conserved areas for geothermal mining, but the detailed rules had to be regulated through a presidential decree.
He added that "Around 80% of our geothermal reserves are located in conserved forests. We're now waiting for the completion of a presidential decree on underground mining activities, because geothermal mining is included in that mining type."
He continued that geothermal mining activities were environmentally friendly, so they would not destruct conserved forests. He said that "The presidential decree has been completed, but still has to wait for President Mr Susilo Bambang Yudhoyono's signature."
The government has repeatedly affirmed its commitment to develop geothermal energy as one alternative to reduce dependency on oil based fuels.
Courtsey news by www.thejakartapost.com
The Jakarta Post reported that Indonesian government will soon issue a presidential decree to allow the opening of conserved forests across the country for geothermal mining activities.
Mr Zulkifli Hasan forestry minister of Indonesia said that the 2009 mineral and coal mining law has opened ample room to utilize conserved areas for geothermal mining, but the detailed rules had to be regulated through a presidential decree.
He added that "Around 80% of our geothermal reserves are located in conserved forests. We're now waiting for the completion of a presidential decree on underground mining activities, because geothermal mining is included in that mining type."
He continued that geothermal mining activities were environmentally friendly, so they would not destruct conserved forests. He said that "The presidential decree has been completed, but still has to wait for President Mr Susilo Bambang Yudhoyono's signature."
The government has repeatedly affirmed its commitment to develop geothermal energy as one alternative to reduce dependency on oil based fuels.
Courtsey news by www.thejakartapost.com
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