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Saturday, 12 June 10
NALCO TO ROPE IN PARTNERS FOR INDONESIA PROJECT
 Sify reported that, the public sector National Aluminium Company (Nalco) is set to finalise the terms of its joint venture (JV) agreement with two foreign partners for a Rs 18,000 crore smelter and power plant project in Indonesia within next couple of months.
The company intends to tie up with Pt Antam, a government owned mining company of Indonesia and MEC (Middle East Coal) promoted by Ras Al Khaimah Minerals and Metals Investment of UAE for the project.
The Indonesian project, billed as a key growth driver for Nalco, is part of the company’s Rs 40,000 crore expansion plan incorporated in its Vision 2020 document.
The project comprises of setting up of a 0.5 million tonne per annum aluminium smelter and 1260 Mw captive power plant (CPP) over 6,000 acres of land in East Kalimantan province of Indonesia.
Though both the foreign partners are keen to have 40 per cent shares each, Nalco, with its role as the lead promoter, will hold at least 50 per cent stake in the project and can only allow them less than 50 per cent shares combinedly, said B.L. Bagra, director, finance, Nalco.
The finalization of the terms of the JV agreement will be followed up with preparation of detailed project report (DPR) for the venture. The company had recently invited bids for appointment of consultant for DPR and Tata Consulting Engineers, Dastur & Co, Engineers India (EIL) and Canadian firm, SNC Lavlin are vying for this Rs 5 crore contract.
The JV agreement is a pre-curser to DPR as this will provide a clear picture on the cost to be borne towards procurement of coal and transportation.
While the company expects the partnership with the Indonesian government company Pt Antam will help the project to sail smoothly in that country, the tie up with MEC, which operates coal mines, rail lines and port in East Kalimantan province, will be strategic in securing raw material supply and transport infrastructure for the smelter and power plants.
With the debt equity ratio of the Rs 18,000 crore-project being pegged at 70: 30 and Nalco intent on having at least 50 per cent stake in it, the equity exposure of the company is estimated at around Rs 2,700 crore.
After the JV agreement and finalization of DPR, the company will seek the approval of its board and the government for equity investment and approach foreign financial institutions for financing the project.
The debt component at Rs 12,400 crore being a sizeable amount, the company will seek international consortium financing, Bagra said.
With the DPR expected to take about 8 months to prepare, the work on the project is expected to start within a year from now, he added.
Source: SIFY(By:Dillip Satapathy)
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Wednesday, 13 April 11
CAPESIZE VESSELS ARE DELIVERED AT A PACE OF ONE NEW VESSEL EVERY SECOND DAY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In a clear sign that it will take a significant rise in global seaborne dry bulk trade in order to be able to absorb the flurry of new building tonn ...
Sunday, 10 April 11
SOFT FREIGHT MARKET TREND LIKELY TO BE CONTINUED - VISTAAR SHIPPING
COALspot.com - The freight market continued to soften further with the BDI breaking the 1,500 points and closing at 1376 points down by almost 10 pc ...
Thursday, 07 April 11
HANDY RATES SLIDING NOW - FEARNBULK
Handy
Slowly softening rates as more tonnage is accumulating in the Atlantic basin.The trans-Atlantic round is around $15k pd with trips to ...
Thursday, 07 April 11
DRY BULK MARKET PLUNGING EVEN FURTHER ON LOW CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has continued its falling pattern this week, with every day proving to be painful for ship owners, especially those of the large ...
Thursday, 07 April 11
INDIKA BUYS MITRABAHTERA AT US$ 0.183
PT Indika Energy Tbk (INDY), integrated energy company, today has exercised an option agreement to acquire 51% shareholding in newly listed coal tug ...
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- CNBM International Corporation - China
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- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
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- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bangladesh Power Developement Board
- Economic Council, Georgia
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Grasim Industreis Ltd - India
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
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- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
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- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
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- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
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- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
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- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
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- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
- The University of Queensland
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Orica Mining Services - Indonesia
- Planning Commission, India
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
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- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Australian Coal Association
- White Energy Company Limited
- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
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