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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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Monday, 06 September 10
DRY BULK MARKET GAINS 6.05% ON WEEK, BOOSTED BY CAPESIZE VESSELS
The dry bulk market is looking to capitalize last week’s gains of more than 6 percent in this week, as the capesize segment seems to be on a h ...
Sunday, 05 September 10
HARUM ENERGY EYES 7.4 MILION TONS OF COAL OUTPUT IN 2010
Indonesia's coal miner PT Harum Energy Tbk, controlled by Indonesian tycoon Kiki Barki, is eyeing 7.4 million tons of coal production in 2010, a 27 ...
Sunday, 05 September 10
THE FREIGHT MARKET WAS BIT VOLATILE WITH NO CLEAR INDICATION OF THE MARKET - CAPT REDDY
COALsopot.com: The freight market was bit volatile with no clear indication of the market.
However the BDI continued the upward trend mainly due ...
Sunday, 05 September 10
NOROCHCHOLAI POWER PLANT TO BE COMMISSIONED ON JANUARY 1
Daily news reported that, the Norochcholai coal power plant will be commissioned on January 1, 2011 adding 300 megawatts to the national power grid ...
Friday, 03 September 10
BANPU CUTS INDONESIAN HOLDING BUT ITM REMAINS KEY STRATEGIC UNIT - BANGKOK POST
"SET-listed Banpu Plc, Asean's largest coal miner, yesterday announced the sale of an 8.72% stake in its listed coalmining holding company in ...
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- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- Deloitte Consulting - India
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- South Luzon Thermal Energy Corporation
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- Bhatia International Limited - India
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- Minerals Council of Australia
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- The University of Queensland
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- Central Java Power - Indonesia
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Mercuria Energy - Indonesia
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Thiess Contractors Indonesia
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