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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.
&q ...
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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- MS Steel International - UAE
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- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- Georgia Ports Authority, United States
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
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- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
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- European Bulk Services B.V. - Netherlands
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- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
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- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- India Bulls Power Limited - India
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
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- Trasteel International SA, Italy
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
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- Gujarat Mineral Development Corp Ltd - India
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- Bhatia International Limited - India
- Aditya Birla Group - India
- Parliament of New Zealand
- London Commodity Brokers - England
- Posco Energy - South Korea
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- PowerSource Philippines DevCo
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- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- GAC Shipping (India) Pvt Ltd
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- Asmin Koalindo Tuhup - Indonesia
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- VISA Power Limited - India
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
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- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Uttam Galva Steels Limited - India
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- Kalimantan Lumbung Energi - Indonesia
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- Pendopo Energi Batubara - Indonesia
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- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
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- Ministry of Transport, Egypt
- CNBM International Corporation - China
- Siam City Cement - Thailand
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
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- Eastern Energy - Thailand
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- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Independent Power Producers Association of India
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- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
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- AsiaOL BioFuels Corp., Philippines
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- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
- San Jose City I Power Corp, Philippines
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- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
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- Planning Commission, India
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- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
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- Australian Coal Association
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