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Tuesday, 07 July 09
TATA POWER AID THE INDONESIAN COAL MINES
 BL reported that Mr Prasad Menon MD of TATA Power aid the Indonesian coal mines PT Kaltim Prima Coal and PT Arutmin Indonesia in which TATA Power has a 30% stake, performed well during 2008 and were profitable even at current coal prices.
According to sourced, it will use half the quantity of coal it gets from the Indonesian mines for its 4,000 MW ultra mega power project that is under construction at Mundra in Gujarat.
According to the company, the Indonesian mines produced 52 million tonne in FY 2009 with an average realized price of USD 77.56 tonne.
Mr S Ramakrishnan executive director, finance of TATA Power said that given the current coal prices, the company had started to review all capital expenditure except that which leads to cost reduction. He said we have put all the other CAPEX on hold at this point of time.
Mr Ramakrishnan said that the operations at the coal mines were profitable even at these low prices as the cost of mining operations had gone down with the fall in oil prices.
He said on the breakeven price that "If our realization goes down further by another USD 5 to USD 10, we will come into an area where the breakeven will come but we believe that the coal prices are at a rock bottom."
As per report, TATA Power will spend about INR 5,500 crore this year on various projects, including that of the special purpose vehicles floated by it, of which INR 1,700 crore will be equity. Next year, it estimates the capital expenditure will be INR 6,900 crore.
The company's generation capacity was 2,785 MW at the end of the last financial year and it will add 220 MW this year. It generated 14,807 million units in 2008-09 against 14,717 million units in the previous year. It had made an impairment provision of INR 280 crore on account of recognition of goodwill impairment loss relating to its investments in certain overseas JV.
TATA Power said that it will consider all options to raise finances to meet its equity commitments. It has raised short term funds of INR 1,300 crore, which would see it through this financial year. Its debt on a consolidated basis was about INR 13,900 crore.
Source: Steel Guru
(http://steelguru.com/news/index/2009/07/07/MTAxMjc5/TATA_Power_aid_the_Indonesian_coal_mines.html)
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Monday, 27 July 09
ADANI POWER'S $625 MILLION IPO TO GENERATE HOT DEMAND
WSJ reported that, Adani Power, the electricity generating unit of India's Adani Enterprises Ltd., is set raise up to US$625 million in wha ...
Monday, 27 July 09
MIDDLE EAST COAL TO MOVE ON $1B EAST KALIMANTAN PROJECT
The Jakarta globe reported that, Middle East Coal reiterated on Monday that it would push ahead its $1 billion development program for East Kutai Re ...
Monday, 27 July 09
SHORT AND ONE YEAR PERIOD RATES FOR SUPRAMAX WAS FIRM AT AROUND US$ 18, 000 -18,500 PER DAY
COALspot.com (Singapore): The Supramax charter rates up sharply last week (ended 24th July 2009), especially India / Far East region said, Capt ...
Monday, 27 July 09
COKING COAL, IRON-ORE LIKELY TO BENEFIT NON-INTEGRATED STEEL PRODUCERS
Economictimes reported that, The second half of the financial year 2008-09 was one of the toughest periods for steel companies, especially the non-i ...
Monday, 27 July 09
GMR ENERGY BUYS EMCO POWERGEN SUBSIDIARY
DNA India reported that, Thane-based transformer manufacturer Emco Ltd has sold its stake in unlisted power generation subsidiary Emco Energy to Ban ...
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- PTC India Limited - India
- Tata Chemicals Ltd - India
- Romanian Commodities Exchange
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- Goldman Sachs - Singapore
- Economic Council, Georgia
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- Electricity Generating Authority of Thailand
- Australian Coal Association
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- New Zealand Coal & Carbon
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- CIMB Investment Bank - Malaysia
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- India Bulls Power Limited - India
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- Australian Commodity Traders Exchange
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- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Minerals Council of Australia
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- Agrawal Coal Company - India
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- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- SMC Global Power, Philippines
- Planning Commission, India
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- PowerSource Philippines DevCo
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- Timah Investasi Mineral - Indoneisa
- Chettinad Cement Corporation Ltd - India
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- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
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- Dalmia Cement Bharat India
- London Commodity Brokers - England
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- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
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- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Bhoruka Overseas - Indonesia
- Kohat Cement Company Ltd. - Pakistan
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- SMG Consultants - Indonesia
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- Eastern Energy - Thailand
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- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
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- Kapuas Tunggal Persada - Indonesia
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- Directorate General of MIneral and Coal - Indonesia
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- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
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- Energy Development Corp, Philippines
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- Directorate Of Revenue Intelligence - India
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
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- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
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- Intertek Mineral Services - Indonesia
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- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
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