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Saturday, 02 October 10
FOUR INDONESIAN COAL FIRMS KEEN TO TIE UP WITH NALCO - SIFY
 Sify reported that, Four Indonesian coal companies have shown interest to tie up with public sector National Aluminium Company (Nalco) for its 4 billion USD (Rs 18,000 crore) aluminium-cum-power plant complex in that country.
The four firms, which have responded to the Expression of Interest (EoI) bid floated by Nalco last month, are MEC Middle East, Bumi Resources, Energy Indonesia and Pram Dwi Jaya.
"We will go for technical evaluation of the bids before short-listing firms for invitation of commercial bid", BL Bagra, director (finance), Nalco told Business Standard. The process will take about a month, he added.
Nalco proposed to set up a 0.5 million MT aluminium smelter and 1250 MW coal based thermal captive power plant in East Kalimantan province in Indonesia. While the company intends to import approx. one million tonne of alumina annually from its facilities in India to feed the aluminium smelter, the coal for the captive power plant will be procured locally.
Nalco needed 8 - 10 million tonnes per annum of thermal grade coal, 4-5 MTPA of which was for its East Kalimantan project and the rest for its energy requirement elsewhere.
Hence, the company invited EoI bid from competent miners or concession holders for coal reserves in East Kalimantan province in Indonesia having coal mines in close proximity to seaport, fresh water source and other infrastructure facilities.
Nalco would be an equity partner in the coal mining operation, Bagra said, adding, after the scrutiny of technical and financial bids, talks will be held with the selected party in this regard. But the extent of shareholding will depend on the total volume of production from the mine, volume required by Nalco and the valuation of the asset.
The finalization of the JV partner will be followed up with preparation of detailed project report (DPR) for the venture. The JV agreement is a pre-curser to DPR as this will provide a clear picture on the cost to be borne towards procurement of coal and transportation.
With the debt equity ratio of the Rs 18,000 crore-project being pegged at 70: 30 and Nalco intent on having at least 50 per cent stake in it, the equity exposure of the company is estimated at around Rs 2,700 crore.
After the JV agreement and finalization of DPR, the company will seek the approval of its board and the government for equity investment and approach foreign financial institutions for financing the project. The debt component at Rs 12,400 crore being a sizeable amount, the company will seek international consortium financing, Bagra said.
Source: Sify
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Wednesday, 25 August 10
GOVT SHOULD ALLOW DUTY-FREE IMPORT OF THERMAL COAL: ASSOCHAM
Industry body Assocham Wednesday said the government should allow duty free import of thermal coal to bring down power tariffs in the country.
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Wednesday, 25 August 10
INDIAS ADANI GROUP TO BUILD COAL RAILWAY IN INDONESIA
COALspot.com: India’s Adani Group, Indonesia’s state coal producer PT Tambang Batubara Bukit Asam (PTBA), and the South Sumatra provinci ...
Wednesday, 25 August 10
CME GROUP WILL LAUNCH NEW COAL CONTRACTS
Press Release: CME Group, the world’s leading and most diverse derivatives marketplace, today announced the launch of trading and clearing ser ...
Tuesday, 24 August 10
INDIA IMPORTS 1.3 MILLION TONS COAL LAST WEEK
COALspot.com: India has imported 1.3 million tons of non - Coking coal and 468,229 Mt of coking coal for the period 16 - 22 August 2010 ...
Monday, 23 August 10
COAL FOR FAST-TRACK PROGRAM ASSURED
Antara and the Jakarta globe reported that, the coal supply for the government’s 10,000 megawatt “fast- track” program was assured ...
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- Siam City Cement - Thailand
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- SMG Consultants - Indonesia
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- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
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- Ind-Barath Power Infra Limited - India
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- SMC Global Power, Philippines
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- Tamil Nadu electricity Board
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- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
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- Romanian Commodities Exchange
- PTC India Limited - India
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- GAC Shipping (India) Pvt Ltd
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- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
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- White Energy Company Limited
- Ministry of Finance - Indonesia
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- Sinarmas Energy and Mining - Indonesia
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- Kohat Cement Company Ltd. - Pakistan
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- Barasentosa Lestari - Indonesia
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- Deloitte Consulting - India
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- Semirara Mining Corp, Philippines
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- Global Business Power Corporation, Philippines
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- Altura Mining Limited, Indonesia
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- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
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- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
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- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
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- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
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- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
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- Globalindo Alam Lestari - Indonesia
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- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- Economic Council, Georgia
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- Indian Energy Exchange, India
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- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
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- The State Trading Corporation of India Ltd
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- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
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- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Parliament of New Zealand
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
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- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
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- Australian Coal Association
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- The University of Queensland
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