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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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Tuesday, 20 October 09
COAL PRICES TO SURGE IN 2010 DESPITE AMPLE SUPPLY
Commodity Online reported that, Coal prices are indeed destined to go higher as they follow the rise of ‘coal currencies’ such as Austra ...
Tuesday, 20 October 09
INDIA MAY CUT STAKE IN NTPC BY DECEMBER, POWER SECRETARY SAYS
Bloomberg reported that, India’s government may sell a 5 percent stake in NTPC Ltd., the country’s biggest power producer, as early as D ...
Monday, 19 October 09
COAL PRICE UP AGAIN - RICHARDS BAY TERMINAL
Export prices rose 45 cents, or 0.7%, to an average of 64.05 a metric ton in the week ended Oct. 16, according to McCloskey Group.
The week was & ...
Monday, 19 October 09
COAL MINISTRY SEEKS EXPLANATION FROM AP GENCO
The Hindu Business reported that, the Coal Ministry has asked the Power Generation Corporation of Andhra Pradesh (AP Genco) to explain why there was ...
Monday, 19 October 09
CEMENT UNLIKELY TO COST MORE DESPITE COAL PRICE HIKE
Business-Standard reported that, Cement manufacturers will not immediately hike prices of the construction material, despite a surge in their input ...
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- Xindia Steels Limited - India
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Meenaskhi Energy Private Limited - India
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Chamber of Mines of South Africa
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- Renaissance Capital - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Planning Commission, India
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- The University of Queensland
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
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