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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, 02 September 10
PLN ASKED TO USE LOCAL COAL
Tempo Interactive reportd that, the Indonesian Mining Association Executive Director, Priyo Pribadi, has called on the state-run electricity company ...
Thursday, 02 September 10
NALCO OPEN TO EQUITY DILUTION IN $3.9 BN PROJECT IN INDONESIA
Business-Standard reported that, state-owned Nalco today said it is considering selling stake in its $3.9 billion (over Rs 18,000 crore) aluminium p ...
Thursday, 02 September 10
DRY BULK MARKET GAINS MOMENTUM TO INCREASE, WITH CHINA ONCE AGAIN TO THE RESCUE
With predictions from Chinese officials stating that the country’s iron ore imports during 2010 could surpass the record amounts of 2009, the ...
Wednesday, 01 September 10
STC BAGS NTPC ORDER TO SHIP 12 MT COAL
My Digital FC reported that, The State Trading Corporation (STC) has bagged NTPC’s tender to ship 12 million tonnes coal from Ind&sh ...
Wednesday, 01 September 10
JAKARTA TO HOST MAJOR INTERNATIONAL MINING EVENT
COALspot.com: (Press Release) In October 2010, the Indonesian Mining Association (IMA) and the Indonesian Coal Mining Association (APBI) will host t ...
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- Economic Council, Georgia
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- Coal and Oil Company - UAE
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
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- Bangladesh Power Developement Board
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- Indo Tambangraya Megah - Indonesia
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- Karaikal Port Pvt Ltd - India
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- IEA Clean Coal Centre - UK
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- Jorong Barutama Greston.PT - Indonesia
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- MS Steel International - UAE
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- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
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- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- PTC India Limited - India
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Indika Energy - Indonesia
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
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- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
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- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- Global Business Power Corporation, Philippines
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- Bhoruka Overseas - Indonesia
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- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
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- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
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- Mjunction Services Limited - India
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- Dalmia Cement Bharat India
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- Romanian Commodities Exchange
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- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- India Bulls Power Limited - India
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- Therma Luzon, Inc, Philippines
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