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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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Wednesday, 21 July 10
FEWER SHIPS SOLD FOR SCRAP IN JUNE, ADDING PRESSURE TO FREIGHT RATES
The easing of vessel tonnage supply should be among the main concerns among ship owners, especially those active in dry bulk shipping. The reason is ...
Wednesday, 21 July 10
BUKIT ASAM SEALS RP900 BIO COAL DEAL
Souce: Insider Stories
Insider Stories reported that, State-Owned coal producer PT Tambang Batubara Bukit Asam Tbk (PTBA) have agreed t ...
Wednesday, 21 July 10
TUAH TURANGGA BUYS ABP US$ 15.9 MIO
Source: Insider Stories
Insider Stories reported that, Komatsu heavy equipment PT United Tractors Tbk (UNTR) through its wh ...
Tuesday, 20 July 10
CHINA'S RELIANCE ON COAL TO DROP 7% BY 2015 - XINHUA NET
Xinhua Net reported that, China's coal consumption is likely to drop to 63 percent of total energy consumption by 2015, down from 70 percent last y ...
Tuesday, 20 July 10
CHURCHILL PLANNING TO PRODUCE 35 MILLION TONNES PER ANNUM FROM ITS EAST KUTAI COAL PROJECT
According to Churchill's website, the East Kutai Coal Project is a world-class thermal coal deposit, with a JORC Mining Reserve of 961 milli ...
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- Indian Oil Corporation Limited
- White Energy Company Limited
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- VISA Power Limited - India
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- Marubeni Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Economic Council, Georgia
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- Alfred C Toepfer International GmbH - Germany
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- Minerals Council of Australia
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Vedanta Resources Plc - India
- Global Green Power PLC Corporation, Philippines
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- Bhatia International Limited - India
- Thiess Contractors Indonesia
- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
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