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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-$35 a tonne, which is lower than the market price.
Source: blonnet
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Friday, 24 July 09
INDIA TAKES 9 MILLION TONNES S. AFRICAN COAL JAN - JUNE
Reuters reported that, India accounted for nearly 9 million tonnes of South Africa's January-June exports of around 28 million tonnes, industry sour ...
Thursday, 23 July 09
KOMIPO LAUNCHES TWO COAL TENDERS
Korea Midland Power on Wednesday launched two tenders to procure bituminous or semi-anthracite coal for August to September delivery. Bids close on J ...
Thursday, 23 July 09
GUANGDONG BUYERS SET TO IMPORT 2.3 MILLION MT FROM VIETNAM - MEDIA
Several coal-consuming companies in China’s Guangdong Province, headed by Guangdong Yudean Group (Guangdong Power Generation Group), have inke ...
Thursday, 23 July 09
KEPCO BUYS 1.5% STAKE IN ADARO ENERGY FOR US$ 56.5M
WSJ reported that, state-run utility Korea Electric Power Corp., or Kepco, Thursday said it has acquired a 1.5% stake in Indonesian coal miner, PT A ...
Thursday, 23 July 09
INDONESIA COAL-PRICES CLIMB TO $80, INDIAN DEMAND SLOWS
Reuters reported that, prices of power-station coal in Australia, a benchmark for Asia, jumped to nearly $80 a tonne this week, while Indonesi ...
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- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- Global Business Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
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- Vizag Seaport Private Limited - India
- Bhatia International Limited - India
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Australian Coal Association
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- GMR Energy Limited - India
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Planning Commission, India
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- Parliament of New Zealand
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
- AsiaOL BioFuels Corp., Philippines
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Energy Exchange, India
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Mercator Lines Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Intertek Mineral Services - Indonesia
- Medco Energi Mining Internasional
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
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