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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, 19 November 09
FAST-TRACK FOCUS ON COAL POWER MAY COST INDONESIA BILLIONS
The Jakartaglobe reported that, As it begins to tap its massive coal reserves to generate cheap electricity, Indonesia may face additional costs of ...
Wednesday, 18 November 09
THAI PTT PLANS COAL MINE INVESTMENT IN INDONESIA
* To conclude Indonesian coal mine buy in 6 months
* Sees coal output jumping to 20 mln tonnes in five years
Reuters reported that, PTT , ...
Wednesday, 18 November 09
ASIA-PACIFIC MINISTERIAL CONFERENCE ON PUBLIC-PRIVATE PARTNERSHIPS FOR INFRASTRUCTURE DEVELOPMENT
“Building Asia’s Infrastructure”
COALspot.com (Indonesia) Press Release: Infrastructure Asia 2010 is Asia’s premier infra ...
Wednesday, 18 November 09
AMBUJA COAL TENDER PRICES EQUATE TO $61.50/T FOB
Reuters reported that, coal prices achieved by Indian cement maker Gujarat Ambuja in its early November tender equate to $61.50 a tonne FOB Richards ...
Tuesday, 17 November 09
JSW STEEL MAY SPEND $500 MILLION TO ACQUIRE COAL MINES OVERSEAS
JSW Steel Ltd., India’s third- biggest producer, may spend $500 million buying coal mines overseas, securing supplies for its local expansion. ...
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- Mjunction Services Limited - India
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Trasteel International SA, Italy
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- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
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- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
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- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- Minerals Council of Australia
- Eastern Energy - Thailand
- London Commodity Brokers - England
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Bahari Cakrawala Sebuku - Indonesia
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- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Cement Manufacturers Association - India
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- Tamil Nadu electricity Board
- Australian Coal Association
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- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
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- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- The University of Queensland
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
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- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- GVK Power & Infra Limited - India
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- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
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- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
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- Medco Energi Mining Internasional
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- Indo Tambangraya Megah - Indonesia
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
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- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- GMR Energy Limited - India
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Attock Cement Pakistan Limited
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
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- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
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- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
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- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
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- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
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- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
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