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Monday, 28 June 10
MEC TO INK COAL-EQUITY SWAP DEALS WITH POWER PROJECTS
 Business Line reported that, First it was power producers moving to pick up stakes in coal mining projects to ensure the raw material supplies.
Now coal miners are beginning to move to pick up stakes in power plants for better returns on the raw material they produce.
Minerals Energy Commodities (MEC), a 50:50 joint venture between Indian industrial minerals producer Trimex Group and the UAE Government-owned RAK Minerals and Metals, which is setting up a coal project in Indonesia, is close to firming up deals with private mega-power projects in India involving swapping coal for equity.
MEC has been talking with some of the major players in the power sector, including Tata Power, JSW Energy and Reliance Power, to push through its business model involving trading of coal in exchange for equity in the power projects.
“There has been a very encouraging response from the power projects in India. We will be concluding such coal-equity swap deals with three major power projects that are in the construction phase. We hope to make an announcement in the next couple of months,” Mr Madhu Koneru, Executive Vice-Chairman of MEC Holdings, told Business Line.
While most major players in the power sector such as Tata Power, JSW and Reliance, are in the process of acquiring coal assets abroad, this will be the first time they will sell equity in exchange for coal.
“This is a win-win situation for both. While we will get better returns on the coal we produce if we have equity in power projects, and power producers can benefit from assured raw material supplies,” Mr Koneru said.
Indonesia project
MEC is setting up a 30-million-tonne coal mining project in Indonesia at a cost of $2 billion, which is expected to start production from 2012.
The joint venture company has decided to earmark half of this production to supply to power projects in India through the equity-coal swap deal, with the rest to be sold in the open market.
“The 15 mt of coal will be sufficient to feed power plants with a total capacity of 4-5,000 MW. We will thus be signing this deal with three power projects with capacity of over 1,000 MW each,” he said.
The deals had taken some time for finalisation as MEC had to do elaborate due diligence to finalise the quantum of equity to compensate for the quantum of coal to be supplied.
What actually yielded encouraging response from the power players is that MEC is willing to supply the coal at production rates, ranging from $30-$35 a tonne, which is lower than the market price.
Source: blonnet
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Thursday, 04 February 10
COAL PRODUCTION EXPECTED TO REACH 280 MILLION METRIC TONS - INDONESIA UPDATE
Indonesia`s coal production target for 2010 has been set at 275 million to 280 million metric tons, according to the Association of Indonesian Coal ...
Thursday, 04 February 10
MASSEY CEO 'NOT EXCITED' ABOUT PROSPECT OF QUARTERLY COAL PRICING
US coal producer Massey Energy is not in favour of switching to a quarterly pricing schedule for metallurgical coal, from the current annual price b ...
Thursday, 04 February 10
BUKIT ASAM GOES SHOPPING FOR MORE COAL MINES
State-owned coal miner PT Tambang Batubara Bukit Asam has set aside Rp 1.5 trillion ($162 million) to acquire two coal mines in East Kalimantan, pre ...
Thursday, 04 February 10
PTT EYES OVERSEAS COAL
Revenue could reachUS$600 million a year
PTT Plc, Thailand's largest energy company, aims to raise the annual revenue from its overseas coal bus ...
Thursday, 04 February 10
RI TO GRADUALLY STOP COAL EXPORTS
Indonesia, which over the past few years has become the world`s third largest coal exporter after Australia and China, is planning to gradually stop ...
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Showing 6026 to 6030 news of total 6871 |
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- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Tamil Nadu electricity Board
- Australian Coal Association
- Singapore Mercantile Exchange
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Heidelberg Cement - Germany
- Bhushan Steel Limited - India
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Sakthi Sugars Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- San Jose City I Power Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- Wilmar Investment Holdings
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- Energy Development Corp, Philippines
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
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