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Posted by Ferdi Hasiman | January 5, 2012 | News, Resources | 0 |
JAKARTA (Indonesia Today) – PT Indo Straits Tbk (PTIS) said its unit PT Pelayaran Straits Perdana had in September 17 obtained contract from PT Transcoal Pacific valuing US$11 million. Under the contract, Indo Straits’s unit will transport coal into vessel located in Satui and Asam-asam, South kalimantan. The contract ??will run for 12 months with extension option for 5 years and further 2 years....
Read MorePosted by Ferdi Hasiman | January 5, 2012 | Finance, Global Finance, News | 0 |
SINGAPORE, (Indonesia Today) – Singapore Exchange (SGX) has appointed Timothy Utama as its Chief Operations and Technology Officer, effective 1 December 2012. Mr Utama will join the SGX senior??management team and report to the Chief Executive, Magnus Bocker. Prior to SGX, Mr Utama was on the Executive Board of Directors of PT Bank Permata Tbk, the 8th largest Bank in Indonesia majority owned by Astra International (44.5%) and Standard Chartered Bank (44.5%).?? Mr Utama holds a Bachelor of Business Administration in Accountancy and Finance from Texas A&M University, College Station, USA. (ferdi@theindonesiatoday.com...
Read MorePosted by Ferdi Hasiman | January 5, 2012 | Energy, News, Resources | 0 |
GILI TRAWANGAN (Indonesia Today) – Since Thursday (Sept 20), 4 tourists destination islands – Lombok and 3 Gili islands – are connected with power through under sea cable with medium voltage capacity of 20KV. Vickner Sinaga, operating director of PT Perusahaan Listrik Negara (PLN), said along with the launch of power interconnection, the operations of diesel power plants in 3 Gili islands with capacity of 3,000 kW are switched-off. He said the power interconnection and switch-off of diesel power plant operation will help PLN to save Rp21 billion per year....
Read MorePosted by Ferdi Hasiman | January 5, 2012 | Industries, News, Transportation | 0 |
SINGAPORE ??(Indonesia Today.Com) – Federal International (FI/2000) Ltd through its subsidiaries reported that a consortium which comprises, amongst other parties, PT Eastern Jason, has secured a charter contract to supply a Floating Storage Offloading (FSO) vessel ??for a period of 5 years and renewable for a further period of 5 years, pursuant to a tender exercise. PT Eastern Jason is a company incorporated under the laws of the Republic of Indonesia in May 2012 and is in the business of providing marine transportation services. It is a joint venture company between Eastern Jason Fabrication Services Pte Ltd (EJFS) (a subsidiary of the company) and PT Pratama Unggul Lestari (PTPUL). Its issued and paid up capital is 70% owned by PTPUL with the remaining 30% owned by EJFS. ??The Charter Contract is not expected to have a material impact on the earnings per share and the net tangible assets per share of the Group for the financial year ending 31 December 2012....
Read MorePosted by Ferdi Hasiman | January 5, 2012 | Energy, News, Resources | 0 |
JAKARTA (Indonesia Today) – PT Supreme Energy has kicked off drilling of wells at Muaralaboh geothermal project in Solok Selatan, West Sumatra province. Kontan business paper quoted Supramu Santosa, CEO of Supreme Energy, saying the drilling will be targeted on four to six wells in order to get better understanding about reserves.??The drilling needs six to nine months. If proven, Supreme plans to build power plant facilities in 2014 with expected commercial date of operation in 2016. Total investment for Muaralaboh geothermal power plant could reach Rp7 trillion, while for exploration could be around US$100 million. PT Supreme Energy and PT Perusahaan Listrik Negara (PLN) have signed the power purchase agreement for the power plant last March at US$0.094 per kWh. The Muaralaboh project is one of the projects under the second 10,000 MW program....
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