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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, 25 September 10
INDONESIA HAS EXPORTED 187.656 MILLION TONNES OF COAL IN EIGHT MONTHS
COALspot.com: Indonesia, the world largest coal exporter has exported 187.656 million tons of coal for the period January – August this ...
Saturday, 25 September 10
PRESSURE ON S6 AND S7 ROUTES SEEMS TO BE CONTINUED NEXT WEEK CAPT. REDDY
COALspot.com: The freight market has been flat this week due to holidays in China and low activity saw all sectors down and soft.
The BDI was dow ...
Thursday, 23 September 10
CHURCHILL MINING SHARES JUMP ON EAST KUTAI COAL PROJECT FEASIBILITY RESULTS - STOCKOPEDIA
AIM listed mining group Churchill Mining (LON:CHL) and its Indonesian partners the Ridlatama Group, have completed a feasibility study on the 2.73bn ...
Thursday, 23 September 10
DRY BULK RATES EXPECTEDLY FALL TO ONE MONTH LOWS - HELLENIC SHIPPING
With of the Far East trade routes closed this week on various national holidays, demand for ocean transportation of raw materials has been significa ...
Wednesday, 22 September 10
INDIA TO BE BIGGEST BUYER OF INDONESIAN COAL BY 2011 - BUSINESS STANDARD
India will pass Japan to be the biggest buyer of Indonesian coal by 2011, said Bob Kamandanu, chairman of the Indonesian Coal Mining Association.
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- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Timah Investasi Mineral - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Merrill Lynch Commodities Europe
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Wood Mackenzie - Singapore
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
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