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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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Wednesday, 16 September 09
NAPOCOR GETS 3 OFFERS IN COAL TENDER
ABS-CBN news reported that, The Philippines' state-run National Power Corp. (Napocor) said on Wednesday it received offers from 3 Indonesian firms ...
Wednesday, 16 September 09
S.KOREA KOSEP BUYS 1.06 MLN T COAL-SOURCE
* 6,080 kcal/kg at $63-65, 4,900-5,350 kcal/kg at $56-58
* Initially about 5 mln T offered for tender
Reuters reported that, Korea South ...
Tuesday, 15 September 09
CHINA COAL EXPORT ROSE M-O-M FOR THE STRAIGHT 3 MONTHS
Alibaba reported that, In the January-August period, China coal exports slid by 55.9% to 14.83mln tons month on month. In August, China exported 1.9 ...
Monday, 14 September 09
CIL MAY REDUCE FLOOR PRICE OF E-AUCTION COAL
After receiving a lukewarm response to the forward e-auction started in two of its subsidiaries, Coal India Limited (CIL) is mulling to reduce the f ...
Monday, 14 September 09
INDONESIAN GOVT UPBEAT ABOUT $1.5B, 185-KM COAL RAILWAY PROJECT
In addition to a 30-year concession right, the government will also award a competitive pricing scheme as an incentive to lure investors in a US$1.5 ...
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- Rashtriya Ispat Nigam Limited - India
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- Australian Commodity Traders Exchange
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Interocean Group of Companies - India
- SMC Global Power, Philippines
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- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- TeaM Sual Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- VISA Power Limited - India
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- Indian Energy Exchange, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Romanian Commodities Exchange
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- Orica Mining Services - Indonesia
- Ministry of Transport, Egypt
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Australian Coal Association
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Central Java Power - Indonesia
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- Deloitte Consulting - India
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
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