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Friday, 20 August 10
POWER COS SEEK MINING PARTNERS TO BID FOR 1,920-MW PROJECT
 "A joint venture between the Maharashtra and Tamil Nadu governments for a pit-head power project, has been allotted the biggest coal block yet given for a project to be competitively bid", as reported by business-standard of India
The block, located in Raigarh district of Chhattisgarh, has reserves of 768 million tonnes. The coal block allotted for the Sasan ultra mega power project (in Madhya Pradesh) has around 750 mt. The miner-cum-power developer who would win the project will have to put up a 1,920 Mw power project. Half the power produced can be sold on a merchant basis, while the other half should be sold to Maharashtra and Tamil Nadu state electricity boards. The extra coal from this mine has to be diverted back to the joint venture company.
Industry sources say the high technical qualification norms might not allow many companies to qualify. Bidders should have at least three years experience in mining 10 million tonnes in the past three years, either in India or abroad. Bidders who have been selected to develop a coal mine with geological reserves of 250 mt are also qualified.
Some power companies like Reliance Power, Indiabulls have experience in developing coal mines, as a part of pit-head projects. But many companies will have to scout for coal mining partners to jointly bid for this project. “We are looking to partner with Indonesian coal mining companies,” said an official who is planning to bid for the project.
Analysts say Indian power companies have traditionally never engaged in coal mining and, hence, most of them lack experience. “Indian power companies normally get coal either from Indonesia, trading companies or Coal India. Most of them do not have any experience in mining. But a few players have started entering the field now, like JSW Energy or Reliance Power,” said Rupesh Sankhe, analyst, Angel Broking.
The project criterion also demands that the bidder should have either implemented or have under implementation projects with a capital cost of at least
Rs 10,000 crore or 2,000 Mw in the past seven years. Further, the company must have achieved financial closure of Rs 6,000 crore.
The project also has a unique financial requirement, that asks bidders to have Rs 400 crore in the form of fixed deposits, liquid mutual funds or fixed maturity plan investments. “These conditions are very tough. Other projects do not ask for these kind of conditions,” said another prospective bidder.
Analysts say while qualifications norms are tough, it is likely this project could generate a lot of interest, as the investment climate is very positive in the power sector. Many power companies have achieved financial closures of their projects and are ready to take on new commitments.
“Reliance Power has already achieved financial closures of two power projects, Lanco has tied-up for its near-term requirements, Tata Power has enough internal accruals, NTPC is sitting on a lot of cash; Adani Power has started operations in its Mundra power project,” said Sankhe.
Source: Business-Standard
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Saturday, 09 October 10
9TH ASIA PACIFIC MINING CONFERENCE & EXHIBITION 13 14 OCTOBER 2010 AT SHANGRI-LA HOTEL, JAKARTA.
COALspot.com: (Press Release) In October 2010, the Indonesian Mining Association (IMA) and the Indonesian Coal Mining Association (APBI) will host t ...
Saturday, 09 October 10
SAIL SEEKS LONG-TERM COKING COAL SUPPLY FROM GLOBAL COMPANIES - BUSINESS STANDARD
State-owned Steel Authority of India (SAIL) Friday invited bids from global companies for long-term supply of coking coal to feed its expanding stee ...
Friday, 08 October 10
INVESTORS STILL RELUCTANT TO ENTER DOWNSTREAM INDUSTRIES - THE JAKARTA POST
The Jakarta Post reported that, mining companies are showing a low level of enthusiasm to enter the downstream industries, as required by the 2009 M ...
Friday, 08 October 10
VESSEL OWNERS ARE RELUCTANT FOR INDONESIA TO INDIA COAL TRIPS - FEARNBULK
Handy
Last week ended with a flourish of activity as the Chinese tried to fix any prompt vessels before the Golden week festivities, and since the ...
Thursday, 07 October 10
MIRACH ENERGY GAINS RIGHTS TO EAST KALIMANTAN COAL MINE - THE EDGE SINGAPORE
The Edge Singapore reported that, Mirach Energy says it has gained the rights to produce and sell coal in an open-pit coal mine in Samarinda, the ca ...
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- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- GMR Energy Limited - India
- Karaikal Port Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- PTC India Limited - India
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- Aditya Birla Group - India
- Planning Commission, India
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- Economic Council, Georgia
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Australian Coal Association
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Bhushan Steel Limited - India
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Billiton Holdings Pty Ltd - Australia
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Central Electricity Authority - India
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
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