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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-$35 a tonne, which is lower than the market price.
Source: blonnet
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Sunday, 17 January 10
THE FUTURES FOR THREE YEARS (2010 - 2012) FIRMED UP - VISTAAR SINGAPORE
COALspot.com (Singapore): The freight market was a bit mixed with BDI up by about 159 points and closed at 3,299 points.
BDI
The cape index cont ...
Sunday, 17 January 10
NTPC TO DOUBLE CAPACITY BY 2017
NTPC, which will launch its follow-on public offer on February 3, plans to more than double its generating capacity to over 70,000 mega watts by 201 ...
Saturday, 16 January 10
HANDY CONTINUED FIRM CONDITIONS FOR MARKET IN THE ATLANTIC
HANDY
Continued firm conditions for the Handymax / Smax market in the Atlantic with the BSI having a continued upwards momentum. US$ 45,000 ac ...
Friday, 15 January 10
INDONESIA COAL - HEAVY RAINS HAVE LITTLE IMPACT ON COAL OUTPUT
Coal shipments from Indonesia's main coal-producing area are unlikely to be hit by heavy rains during January-February as many miners are prepared ...
Friday, 15 January 10
GOVT BRINGS IN DOMESTIC COAL MARKET OBLIGATION
The Energy and Mineral Resources Ministry has issued a ministerial decree requiring producers of coal and other minerals to allocate a proportion ...
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- SMG Consultants - Indonesia
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- Posco Energy - South Korea
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- The University of Queensland
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Mintek Dendrill Indonesia
- Planning Commission, India
- Lanco Infratech Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
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