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Friday, 22 July 11
MARUBENI ACQUIRING 42.86% SHARE OF YTL JAWA POWER HOLDINGS
COALspot.com - Japan’s Marubeni Corporation acquisition 42.86% stake in YTL Jawa Power Holdings BV, which owns a 35% equity interest in Indonesia’s PT Jawa Power. Marubeni paid US$ 224 million for YTL Jawa Power stake.
According YTL annoucement’s to Malaysia Stock Exchange, Jawa Power owns a 1,220 megawatt coal-fired power plant at the Paiton Power Generation Complex in the district of Probolinggo, in East Java. YTL Power acquired its 35% stake in 2004.
Right now, Jawa Power supplies power to PT PLN (persero), the Indonesian state-owned integrated utility, through a 30-year power purchase agreement. The plant is operated and maintained by PT YTL Jawa Timur, a wholly-owned subsidiary of the YTL Power Group.
“Marubeni is a strong and well-respected player in the international utilities market and this collaboration will enable YTL Power and Marubeni to corporate on potential investments and develop future opportunities in the global utilities industry,’ Yeoh Seok Hong, YTL Power’s executive director say.
Meanwhile, Masumi Kakinoki, chief operating officer at Marubeni’s Power Projects & Infrastructure Division, said that through this transaction, Marubeni will build a firm partnership with YTL as a strategic partnet for future development, not only in Asia but also all over the world. Marubeni and YTL will collaboration in multiple areas such as power, water, and transportation for the further growth of Marubeni and YTL as global utility players.
To contact the reporter on this story: Efendi at efendi@coalspot.com
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Thursday, 05 May 11
AKR NAMES KARUNIA AS COAL CONTRACTOR
Insider Stories reported that, PT AKR Corporindo Tbk has appointed PT Karunia Bumi Khatulistiwa as the contractor of coal mining concession in North ...
Tuesday, 03 May 11
DRY BULK MARKET OUTLOOK SEEN WEAK, AS SHIP OWNERS PILE UP MORE SHIPS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the Baltic Dry Index not trading yesterday, it’s worth taking a step back to see the current freight levels. First of all, capesizes and ...
Tuesday, 03 May 11
THE HANDY MARKET CONTINUED TO SLIDE DOWN - BRS
There were marginal increases in rates for the larger sizes this week, with the Cape index remaining stable and the Panamax index logging a 5% incre ...
Monday, 02 May 11
ADARO POSTS 11.7 PERCENT INCREASE IN REVENUES ON HIGHER PRICES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s second-largest coal producer, PT Adaro Energy Tbk, announced an 11.7 percent increase in net reven ...
Saturday, 30 April 11
BUKIT ASAM PROFIT HAS JUMPS 108 PERCENT IN Q1, 2011
The Indonesian state-controlled coal miner PT Bukit Asam Tbk (PTBA) reported a 108.07 percent jump in net profit during the first three months of 20 ...
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- Madhucon Powers Ltd - India
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- Deloitte Consulting - India
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- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Australian Commodity Traders Exchange
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- Global Business Power Corporation, Philippines
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- Economic Council, Georgia
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- Bangladesh Power Developement Board
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- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- VISA Power Limited - India
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
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- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
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- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- Marubeni Corporation - India
- New Zealand Coal & Carbon
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- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Borneo Indobara - Indonesia
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
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- Cement Manufacturers Association - India
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- International Coal Ventures Pvt Ltd - India
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
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- Wilmar Investment Holdings
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- Central Java Power - Indonesia
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Energy Exchange, India
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
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- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
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- Antam Resourcindo - Indonesia
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