CHINA GEZHOUBA WINS CONTRACT FOR HYDROPOWER STATION IN NIGERIA YICHANG - China Gezhouba Group Corporation (CGGC), the main constructor of the Three Gorges project, has won a contract to build the 2600 Megawatt (MW) Mambilla plateau hydropower station in Nigeria, the group announced on Monday. The US$1.46 billion project is the largest hydroelectric power station Chinese companies have ever built in Africa, according to the group, which is based in Yichang city of central China's Hubei Province. NSW OFFICE BLOCK PROJECT GETS FIRST SIX-STAR GREEN RATING SYDNEY - The first development in New South Wales to receive a six-star green rating will use sea water to help reduce greenhouse gas emissions. Construction of the six-storey office block, workplace6, in the inner Sydney suburb of Pyrmont, is due to be completed in early 2009. PAKISTAN'S AZAD JAMMU AND KASHMIR MOVES TO BOOST TOURISM SECTOR MUZAFFARABAD - The Azad Jammu and Kashmir (AJK) Development Working Party has earmarked Rs 330 million (US$5.4 million) to help develop the tourism sector. One project involves spending Rs 70 million on the construction of tourist resorts. INDONESIA'S SEMEN GRESIK BOOKS US$141 MLN IN NET PROFIT JAKARTA - Cement maker PT Semen Gresik (JSX:SMGR) said on Monday it booked a net profit of Rp1.29 trillion (US$141 million) in 2006, up 29 per cent from Rp1.00 trillion in the previous year. The significant increase in net profit was the result of rising net sales from Rp7.53 trillion in 2005 to Rp8.73 trillion in 2006 and business profit increase from Rp1.54 trillion in 2005 to Rp1.78 trillion in 2006, according to the company's annual consolidated financial report, a copy of which was made available here Monday. (C) Asia Pulse Pte Ltd. CONTACT: Asia Pulse Production Centre Phone: (612) 9322 8634 Fax: (612) 9322 8639 http://www.asiapulse.com Document APULSE0020070403e343002xn
BRIEFING - ASIA ENERGY - APRIL 3, 2007 1,878 words
3 April 2007
Asia Pulse
APULSE
English
(c) 2007 Asia Pulse Pty Limited An executive briefing on energy for April 3, 2007, prepared by Asia Pulse ( http://www.asiapulse.com ), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities. BANGLADESH INTERIM GOVT EXTENDS FUEL IMPORT DEAL WITH KUWAIT DHAKA - Bangladesh's Cabinet Purchase Committee yesterday approved the exentsion of the nation's fuel import agreement with Kuwait by another 12 months. The decision gives state-owned Bangladesh Petroleum Corporation (BPC) the scope to continue its import of petroleum fuel from Kuwait Petroleum Corporation (KPC) until December 2008. STATE GRID CORP OF CHINA ACCELERATES BIOMASS ELECTRICITY PJTS BEIJING - The State Grid Corporation of China (SGCC) has accelerated its construction of biomass electricity projects. Construction has recently started on five SGCC biomass electricity projects in Awat of Xinjiang Uygur Autonomous Region, Juye of Shandong, Chifeng of Inner Mongolia, Heishan of Liaoning and Fugou of Henan. BANGLADESH GOVT HIKES FUEL PRICES DHAKA - Bangladesh's caretaker government raised fuel prices by between Tk 7 - 9 today (US$0.10-0.13), with officials claiming the nation could no longer afford to maintain local prices below global rates. Energy Advisor Tapan Chowdhury said that the government had no choice but to raise prices amid escalating losses caused by Bangladesh's fuel subsidies, but admitted the rise could push up inflation. PETROCHINA TO SELL 30,000 METRIC TONS OF LPG TO PERTAMINA JAKARTA - PetroChina (SEHK:0857) has agreed to sell 30,000 metric tons of liquefied petroleum gas (LPG) from a gas field in Jambi, Sumatra, to state-owned oil and gas company PT Pertamina at market price. So far PetroChina has sold its LPG production from the Jabung gas field to spot market in Singapore. US$247 MLN IN GAS PROJECTS BEING COMPLETED IN PUNJAB, FRONTIER ISLAMABAD - Minister for Petroleum and Natural Resources, Amanullah Khan Jadoon said on Saturday that gas projects worth Rs.15 billion (about US$247 million) were being completed by Sui Northern Gas Pipelines Limited (SNGPL) in Punjab and NWFP. Presiding over a high level meeting here to review goals and targets set by the government in the gas sector, he said these projects, when completed, would usher in an era of rapid economic development in the country. ACQUISITION OF INDONESIAN MINES TO SECURE COAL SUPPLIES: TATA POWER MUMBAI - Tata Power Company's (BSE:500400) acquisition of stake in two Indonesian coal mines last week is meant to feed its upcoming projects in the west coast such as Mundra and Trombay, a top company official said on Monday. "The 30 per cent stake will get the company assured supplies of high quality coal at a preferential price," Tata Power managing director Prasad Menon said. CHINA GEZHOUBA WINS CONTRACT FOR HYDROPOWER STATION IN NIGERIA YICHANG - China Gezhouba Group Corporation (CGGC), the main constructor of the Three Gorges project, has won a contract to build the 2600 Megawatt (MW) Mambilla plateau hydropower station in Nigeria, the group announced on Monday. The US$1.46 billion project is the largest hydroelectric power station Chinese companies have ever built in Africa, according to the group, which is based in Yichang city of central China's Hubei Province. AUSTRALIAN GOVT AWARDS OIL/GAS EXPLORATION PERMITS CANBERRA - Energy companies will spend more than A$1 billion (US$815.55 million) seeking oil and gas off the Australian coast after the government awarded 12 new offshore petroleum exploration permits today. Resources Minister Ian Macfarlane said the permits were for exploration areas off Western Australia, Tasmania and the Territory of Ashmore and Cartier Islands in the Indian Ocean. CHINESE COAL BASE SHANXI TO COLLECT MONEY FOR SUSTAINABLE D'MENT TAIYUAN - Coal producing enterprises will have to contribute to sustainable development in north China's Shanxi Province, China's leading coal producing province, according to local authorities. The charge will reflect the quantity of resources utilized. Specific charges will include 14 yuan for a ton of steam coal, 18 yuan for a ton of anthracite coal and 20 yuan for a ton of coke. CHINA WAITS FOR RIGHT TIME TO ADJUST REFINED OIL PRICING MECHANISM CHENGDU - China is waiting for the right opportunity to adjust its refined oil pricing mechanism, according to a senior official on Monday. Reform of the refined oil pricing mechanism is closely tied to international oil price fluctuations, said Chen Deming, vice chairman of the National Development and Reform Commission (NDRC). CHINA'S OIL FIRMS CALLED TO BOOST OFFSHORE PRODUCTION BEIJING - The country should look increasingly offshore to shore up dwindling onshore production, oil companies were told on Monday. "The current offshore oil and gas exploration and production should focus on the Bohai Bay basin and the Pearl River estuary as the top priority," Pan Jiping, a senior researcher with the Ministry of Land and Resources, said at China Offshore Summit 2007. PT BUMI RESOURCES SELLS 30% OF SHARES IN COAL UNITS TO TATA POWER JAKARTA - PT Bumi Resources Tbk (JSX:BUMI), Indonesia's biggest coal exporter, has agreed to sell 30 per cent of its shares in two subsidiaries operating in coal business -- PT Kaltim Prima Coal (KPC) and PT Arutmin Indonesia (Arutmin) -- to Tata Power Company Limited (BSE:500400). "This cooperation will improve the company's future prospect to become a solid company and with Tata Power we are ready to expand to other areas of common interest," the president director of PT Bumi Resources, Ari Saptari Hudaya, said to newsmen here on Monday. CHINA OKAYS 300,000 KW WIND POWER PROJECT IN INNER MONGOLIA HOHHOT - China's National Development and Reform Commission has recently approved a 300,000 kilowatt wind power project in the Inner Mongolia Autonomous Region. The project is designed to produce 809.6 million kilowatt-hours of power a year. CHINA UNDERTAKES DEEPWATER OIL AND GAS EXPLORATION PROJECT GUANGZHOU - China has started a deepwater oil and gas exploration project, holding the first work conference to appraise the project and work out technical guidance and practical methods in Guangzhou, capital of Guangdong Province, recently. According to the Guangzhou Ocean Geological Survey Bureau under the Ministry of Land and Resources, which heads the project, the continental slope of China's South China Sea has sound oil and natural gas prospects. CHINA'S FUJIAN BOOSTS THERMAL POWER CAPACITY FUZHOU - East China's coastal Fujian Province has built a number of thermal power plants near its deep ports to alleviate power shortage tension. Statistics show that the province had installed power capacity of 22.04 million kilowatts (kw) by the end of 2006, up 4.42 million kw over 2005. JINCHENG COAL TO BE CHINA'S LARGEST COALBED GAS LIQUIFYING BASE TAIYUAN - Jincheng Coal Industrial Corporation will form a daily liquifying capacity of 1.25 million cubic metres of coal-bed gas in 2008, becoming the country's largest coal-bed gas liquifying base, according to Shanxi provincial bureau of land and resources. The corporation plans to expand the utilization of coal-bed gas and accelerate the application of coal-bed gas in power generation. CHINA BOOSTS WIND-DRIVEN POWER GENERATING CAPACITY BEIJING - China's wind-driven power generating capacity will reach four million kw by the end of this year, according to Li Junfeng, secretary general of the China Association of Resources Comprehensive Utilization. Capacity is expected to surpass the scheduled 2010 target of five million kilowatts next year. SOUTHERN URANIUM LISTS ON AUSTRALIAN BOURSE AT HEFTY PREMIUM MELBOURNE - Yellowcake spin-off Southern Uranium Ltd (ASX:SNU) has listed on the Australian sharemarket at more than double it offer price of 20 cents. The listing follows an oversubscribed offering of 70 million shares to raise A$14 million (US$11.42 million), to fund an exploration drilling program starting in the middle of the year. JAPAN OFFERS TO TRAIN 1,000 ENERGY EXPERTS BANGKOK - Japan has offered to train 1,000 Asian energy officials over the next five years as part of its efforts to improve energy efficiency and adopt clean technologies in Asian countries. Kotaro Tamura, Vice-Minister of Cabinet Office for Economic and Fiscal Policy for Finances Services, said Japan would send 500 experts to assist Asian countries in energy efficiency. MACQUARIE BANK URGES ALINTA TO ALLOW INDEPENDENT REPORT ON BID PERTH - A Macquarie Bank Ltd (ASX:MBL) syndicate has challenged the board of Alinta Ltd (ASX:AAN) to allow an independent expert to evaluate its bid after the energy utility endorsed a rival bid for its assets. Alinta recommended a A$7.4 billion (US$6 billion) takeover offer by a consortium led by investment bank Babcock & Brown Ltd (B&B) (ASX:BNB) and Singapore Power International (SPI) on Friday. ORIGIN TO EXPAND COAL SEAM GAS OUTPUT FROM QUEENSLAND FIELD MELBOURNE - Origin Energy Ltd (ASX:ORG) will spend another A$53 million (US$43.22 million) to expand coal seam gas (CSG) production from its Spring Gully field in Queensland by another 20 terajoules per day. It also plans to build a reverse osmosis water treatment plant to assist in managing the water produced as part of the process of recovering coal seam gas (CSG). INDONESIA'S BUMI PLANS TO PRODUCE 90 MLN TONNES OF COAL IN 2010 JAKARTA - PT Bumi Resources Tbk (JSX:BUMI), Indonesia's largest coal exporter, expects its coal production in 2010 to jump to 90 million metric tons from 53.5 million metric tons in 2006. This year the company has set a target of producing 60 million metric tons of coal, chief of the company's board of commissioners Nalinkant Rathod said on Monday. AUSTRALIAN TREASURER WARNS PETROL RETAILERS WHO COLLUDE CANBERRA - Federal Treasurer Peter Costello says petrol retailers who collude to artificially jack up prices at the pump this weekend will be prosecuted. Mr Costello says the consumer watchdog, the Australian Competition and Consumer Commission, has previously placed millions of dollars of fines on companies that had been found to be working with competitors. INDIA'S PFC SEEKS AG'S VIEWS ON SASAN-LANCO CONTROVERSY NEW DELHI - Power Finance Corporation (BSE:532810), the nodal agency for ultra mega power projects, has sought legal opinion on whether Lanco Infratech (BSE:532778) had violated the norms while bidding for the Rs 160 billion (US$3.7 billion) Sasan power project. According to sources, PFC has asked the Attorney General and the Additional Solicitor General to give their views on alleged violations committed by Lanco Infratech, which won the project in partnership with Globeleq Singapore, hitherto 100 per cent subsidiary of Globeleq Ltd UK. S.KOREAN PARLIAMENT RATIFIES INTL DEAL FOR NUCLEAR FUSION ENERGY SEOUL - The National Assembly on Monday passed a bill to ratify an international agreement to build an experimental nuclear fusion reactor in France by the next decade, completing local steps to participate in the costly deal. The International Thermonuclear Experimental Reactor agreement, signed last year, pushes for providing a clean and limitless source of energy that can replace fossil fuel. South Korea and six other members - Russia, China, the European Union (EU), the United States, India and Japan - signed the treaty that requires them to complete an experimental 500-megawatt thermonuclear reactor in Cadarache, southern France, by 2015. (C) Asia Pulse Pte Ltd. CONTACT: Asia Pulse Production Centre Phone: (612) 9322 8634 Fax: (612) 9322 8639 http://www.asiapulse.com Document APULSE0020070403e343002xl Containers of Life: Pottery and Social Relations in the Grassfields (Cameroon) Forni, Silvia