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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-$35 a tonne, which is lower than the market price.
Source: blonnet
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Friday, 22 January 10
ENERGY ADVISORY COUNCIL MULLS - COAL EXPORT BAN
The National Energy Council, which advises the House of Representatives and the president on energy issues, has begun to debate a proposal to ban ex ...
Friday, 22 January 10
MERCATOR EYES MORE COAL MINES IN INDONESIA
India’s second-largest private shipping company Mercator Lines is looking at acquiring more coal mines in Indonesia as part of its strategy&nb ...
Friday, 22 January 10
BHAKTI ENERGI IN TALKS OVER COAL VENTURES IN KALIMANTAN
PT Bhakti Energi Persada, one of Indonesia’s biggest miners of brown coal, revealed on Thursday that it was in talks to form a joint venture w ...
Friday, 22 January 10
SHENHUA ENERGY 09 YIELDED 210MN TONS COMMODITY COAL
China Shenhua Energy Co., Ltd. yielded 210 million tons of commodity coal in 2009, hiking 13.2% year on year, the Chinese energy titan announced tod ...
Friday, 22 January 10
JSW ENERGY TO INVEST RS 4,500 CRORE IN COAL MINES ABROAD
The Sajjan Jindal-promoted JSW Energy is planning an investment of Rs 4,500 crore (US$ 978,260,869) to acquire coal mines abroad and another of Rs 1 ...
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- Jorong Barutama Greston.PT - Indonesia
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- Thiess Contractors Indonesia
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- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- The University of Queensland
- Bhatia International Limited - India
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Tata Chemicals Ltd - India
- Australian Coal Association
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- Trasteel International SA, Italy
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- Bhushan Steel Limited - India
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- MS Steel International - UAE
- CNBM International Corporation - China
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Krishnapatnam Port Company Ltd. - India
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Dalmia Cement Bharat India
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- PNOC Exploration Corporation - Philippines
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Agrawal Coal Company - India
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
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