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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, 21 October 10
WORLDS FIRST, SINGAPORE EXCHANGE TO CLEAR OTC INDONESIAN COAL SWAP - MONDOVISIONE
Mondovisione reported that, Singapore Exchange (SGX) will be the first exchange in the world to clear over-the-counter (OTC) Indonesian Sub-Bitumino ...
Thursday, 21 October 10
MEC WOOS INDIAN POWER FIRMS FOR 50% STAKE SALE - BUSINESS STANDARD
Business-Standard reported that, Singapore-based MEC Coal plans to rope in an Indian power company as a 50 per cent equity partner. It is believed t ...
Thursday, 21 October 10
CAPESIZE, A FANTASTIC WEEK WITH IMPROVED RATES IN BOTH BASINS - FEARNBULK
Handy Activity remains slow this week combined with a lack of fresh enquiry in the Atlantic. Indexes are all negative except Cape but it is worth no ...
Wednesday, 20 October 10
BLENDING OF IMPORTED COAL AT THERMAL PLANT UP TO 30 % MAY BE ALLOWED - PUNJAB NEWS LINE
Punjab News Line reported that, Indian government is considering allowing increase in the blending ratio of imported coal from 10 to 30 percent at t ...
Wednesday, 20 October 10
CANADIAN CHALLENGER ACQUIRES INDONESIAN COAL PROJECT
COALspot.com (Press Release): According to Challenger Deep Resources Corp's website and press release posted on the site, Challenger Deep Res ...
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- Latin American Coal - Colombia
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- Economic Council, Georgia
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- Eastern Energy - Thailand
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- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
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- London Commodity Brokers - England
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- Ministry of Finance - Indonesia
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- Toyota Tsusho Corporation, Japan
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- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
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- Bhushan Steel Limited - India
- Minerals Council of Australia
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- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
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- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- Indian Energy Exchange, India
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- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- Electricity Generating Authority of Thailand
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- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- SMC Global Power, Philippines
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- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
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- Electricity Authority, New Zealand
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Mercuria Energy - Indonesia
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- The State Trading Corporation of India Ltd
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- PTC India Limited - India
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Ambuja Cements Ltd - India
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- Binh Thuan Hamico - Vietnam
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- Mjunction Services Limited - India
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- Indian Oil Corporation Limited
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- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
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- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
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- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
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- Australian Coal Association
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- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
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- Merrill Lynch Commodities Europe
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- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
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- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
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- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
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