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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, 12 August 09
COAL INDIA TO IMPORT 4 MLN T 2009/10 - MEDIA
State-run Coal India Ltd plans to directly import 4 million tonnes of coal in the current fiscal year to March 2010, Chairman Partha Bhattacharyya s ...
Wednesday, 12 August 09
CHINA'S LARGEST COAL PRODUCER TO SET UP COAL RESERVES
China's National Development and Reform Commission has commissioned China Shenhua Energy Co., the nation's largest coal producer, to build 10 stor ...
Wednesday, 12 August 09
NALCO SMELTER CONSTRUCTION MAY FACE DELAY
The Jakarta Post reported that, India’s state-run National Aluminum Company (Nalco) may postpone the construction of an aluminum smelter in In ...
Wednesday, 12 August 09
COAL MINE PLAN SHOT DOWN OVER GREEN CONCERNS
The Times of India reported that, In a major setback to Adani Powers, the principal chief conservator of forests (PCCF) has rejected its proposal fo ...
Tuesday, 11 August 09
INDONESIA'S COAL EXPORTS TO INDIA WILL BE EXEMPTED FROM DUTIES STARTING JANUARY 1, 2013 - BERITA SORE
Berita sore reported that, ASEAN is scheduled to sign a long-awaited Free Trade Agreement (FTA) with India in Bangkok on Thursday aimed at boosting ...
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- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- VISA Power Limited - India
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- CNBM International Corporation - China
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- Bhushan Steel Limited - India
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Ministry of Mines - Canada
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Australian Coal Association
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- GMR Energy Limited - India
- Baramulti Group, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Semirara Mining and Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- Medco Energi Mining Internasional
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