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Thursday, 23 August 12
EGCO GROUP EXPANDS TOWARDS INTEGRATED ENERGY BUSINESS WITH INVESTMENT IN INDONESIAS COAL MINE
 Electricity Generating Public Company Limited or EGCO Group, the Thailand’s first Independent Power Producer has continually invaded foreign markets with an aim to expand its business towards the integrated energy business. The company today announced the investment in a coal mine project through the acquisition of 40 percent ownership of interest in Manambang Muara Enim coal mine project (“MME”), worth $197 million.
Mr. Sahust Pratuknukul, President of EGCO Group stated that “On August 16, 2012, the company signed the Share Purchase Agreement to acquire 40% ownership of interest in the MME project, and will become partner of Indonesian company PT Alam Karya Nusantara. The total investment for this project is $197 million, which accounts for 5.98% of EGCO Group’s total assets.”
MME is open-pit coal mine located in Muara Enim Regency, South Sumatra in Republic of Indonesia with the concession license from the government of Republic of Indonesia for 28 years starting from March 2010 to March 2038. The operating area covers 1,587 hectares or 9,918 rais and 3 ngans. MME has been operated since March 2010.
“The investment is in line with EGCO Group's strategic plan to expand our business towards the integrated energy business to enhance the stability of fuel supply in the long run. Additionally, it will strengthen EGCO Group’s presence in Indonesia and we expect it should provide opportunities for growth in the future.” Mr. Sahust concluded.
About PT Alam Karya Nusantara:
PT Alam Karya Nusantara is Indonesian company that has established portfolio of coal mining concession in Indonesia. Starting 2010, it has been delivering coal to both domestic and export markets. Its South Sumatera coal concession is well positioned to serve growing coal markets such as China, India, Southeast Asia and other Asian countries.
Source: EGCO's website
About EGCO
The Electricity Generating Public Company Limited or EGCO is the first independent power producer in Thailand. EGCO was incorporated on May 12, 1992 by Electricity Generating Authority of Thailand (EGAT) which marked the commencement of the Thai government’s privatization initiatives to allow broader private sector investment in the power sector. EGCO was transformed into a public company on March 23, 1994 and was listed on the Stock Exchange of Thailand (SET) on January 16, 1995.
EGCO is a holding company with investment in power generation and supply as well as comprehensive energy services providing operation, maintenance, engineering and construction services to power plants and other industries in Thailand and overseas. Furthermore, the company also searches for other good opportunities for growth in the energy related to the core business.With the corporate philosophy to grow business over a long term, EGCO Group efficiently runs our electricity generating business while taking care of the environment and the society to maintain the balance between economics return and social and environment contribution which will lead to national sustainable development.
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Saturday, 01 September 12
PANAMAX FREIGHT RATES UNDER PRESSURE FROM LOW DEMAND - VISTAAR
COALspot.com - This week the freight market was weak with mixed results.
The BDI was down by 1.95 pct closing at 703 points, however there was so ...
Friday, 31 August 12
ADVERSE SHIPPING MARKET CONDITIONS SHORTENS LIFE SPAN OF VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The adverse conditions which have been put in place in the world's freight markets, means that ship owners are forced to scrap vessels of a much yo ...
Thursday, 30 August 12
INDO-INDIA, LARGE ECO SUPRA NOW FIXED AT USD 7K FOR DELIVERY SINGAPORE - FEARNLEYS AS
Handy
The Supra market continued its negative trend with little fresh business entering the market. Continent positions fixed around USD 4k for tri ...
Thursday, 30 August 12
DRY BULK MARKET STILL LOOKING OUT FOR BETTER DAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With things in China moving slowly this week, as a result of holidays, it’s no surprise that the latest positive trend in the dry bulk market ...
Wednesday, 29 August 12
COLOMBIA'S MINING BOOM: PART TWO - JOSEPH KIRSCHKE
One of the most prominent casualties of Canada's entry into the Colombian mining sector has been a priest named Jose Reynal-Restrepo. Last Septembe ...
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- Cigading International Bulk Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Planning Commission, India
- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- The Treasury - Australian Government
- Economic Council, Georgia
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- MS Steel International - UAE
- Rashtriya Ispat Nigam Limited - India
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- White Energy Company Limited
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- Minerals Council of Australia
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
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