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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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Thursday, 23 July 09
INDONESIA COAL-PRICES CLIMB TO $80, INDIAN DEMAND SLOWS
Reuters reported that, prices of power-station coal in Australia, a benchmark for Asia, jumped to nearly $80 a tonne this week, while Indonesi ...
Thursday, 23 July 09
COAL IMPORTS SURGE; EXPORTS DOWN IN H1
China Trade Information reported that, China’s coal imports surged by 126.3 percent year-on-year in the first half of 2009, reaching 48.3 mill ...
Thursday, 23 July 09
SRI LANKA CALLS FOR COAL SUPPLY BIDS
Daily Mirro reported that, In a move to install the country’s first coal power plant, Sri Lanka has invited bids to supply 2.4 million metric ...
Thursday, 23 July 09
POWER INVESTORS TURN BACKS ON VIETNAMESE COAL IMPORTERS
VietNamNet Bridge reported that, Investors of power plants always seek foreign coal sources to import themselves, believing they can come by it chea ...
Wednesday, 22 July 09
BERAU COAL DRAWS LOCAL, CHINESE BIDS - SOURCES
* Indonesian coal firm draws local, Chinese bids-sources
* Deal could value Berau at more than $1 billion-sources
Reuters reported that, China' ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- McConnell Dowell - Australia
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- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
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- Agrawal Coal Company - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
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- Trasteel International SA, Italy
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- New Zealand Coal & Carbon
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
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- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- ASAPP Information Group - India
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- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
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- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- GMR Energy Limited - India
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- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- Parliament of New Zealand
- Latin American Coal - Colombia
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
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- Karaikal Port Pvt Ltd - India
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- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
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- Africa Commodities Group - South Africa
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- The Treasury - Australian Government
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- Borneo Indobara - Indonesia
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- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
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- Mintek Dendrill Indonesia
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- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
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- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
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- Indian Energy Exchange, India
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- Indian Oil Corporation Limited
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- Independent Power Producers Association of India
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- Wood Mackenzie - Singapore
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- The State Trading Corporation of India Ltd
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- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
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- Star Paper Mills Limited - India
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- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
- Economic Council, Georgia
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
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