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Thursday, 26 December 13
COAL & OIL GROUP SECURES US$ 250 MILLION FUNDING FOR ITS 1200MW THERMAL POWER PLANT IN INDIA
 COALspot.com: Dubai-based Coal & Oil (C&O) Group has announced that it has secured additional funding of approximately Dhs. 1 billion (approximately US$250 million), to complete its 1200mw Independent Power Plant (IPP), presently under construction in Tuticorin, Tamilnadu, India.
According to Coal & Oil’s press release, developed in the Tuticorin District, Tamil Nadu, the Mutiara Thermal Power Plant aims to address the 5,000 mw power shortage in the state. The plant owes its development to Coastal Energen Pvt Ltd, the power generating Flagship Company of the Coal & Oil Group, and perhaps the region's second-largest private investor, with capital expenditures exceeding Dhs. 4.25 billion (approximately US$ 1.1 billion). The IPP will benefit from close proximity to both a major city (Tuticorin) and major port, as well as excellent road, rail and air connectivity. It is currently the first and only mega project that has commenced out of the 30 which were planned in the past 15 years.
Commenting on the immense potential of the project, Mr. Ahmed Buhari, Founder, President and CEO of the Coal and Oil Group, said, "India, and particularly, the state of Tamil Nadu, is currently facing severe power shortage. Our power project will be able to partly mitigate the hardships being faced by the state. In fact, we have committed to supplying a large part of our generation to the state grid."
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| Photo Courtesy: Coal & Oil, Dubai |
The first unit of the power plant is expected to be commissioned by Q3 2014, while the second unit may follow in 6 months. According to market information all India installed capacity has reached about 134,888 MW (coal based ) as of 31 October 2013.
Currently, the largest construction in the region, the Mutiara power plant has obtained Dhs. 3.25 billion (approximately US$ 884.811 million) in funding from a consortium of Indian banks led by the State Bank of India. This latest sanction will contribute to last mile funding and address cost escalation due to recent steep rupee devaluation, among other things. The power plant is slated for completion by June 2014.
Coal & Oil Group is a US$ 750 million Integrated Energy Company involved in various aspects of Energy supplies, including coal trading, mining, shipping, logistics and power generation. Established in Dubai in 1998, it is one of the largest suppliers of coal to India. Its maiden power project, through its subsidiary, Coastal Energen Pvt Ltd, is a logical extension of the company's core Energy Management.
Total tonnage of coal imported and supplied into India by Coal & Oil was about 9 million tons in 2013. Indonesian origin of 4200 GAR coal was dominating Coal & Oil’s imports in to India in 2013.
C&O plans to import 13-15 Million tons of coal into India during the fiscal year 2014-15. Coal & Oil's annual coal import will jump over 20 million per annum, once MTPP, the 1200 Mw power plant commenced its commercial operation by 2014.
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Monday, 06 January 14
INDONESIAN COAL SWAPS SLIDE TO $ 61.25 FOR Q4' 14 DELIVERY
COALspot.com – Sub-Bit Indonesia coal swap (FOB) for average Q1’ 14 delivery lost $ 0.32 pmt month on month on Friday 3 January 2014. Th ...
Sunday, 05 January 14
API 8 CFR SOUTH CHINA COAL SWAP FOR Q3 DELIVERY CLOSED $ 80.05, A $ 0.90 LOWER THAN Q1 PRICE
COALspot.com : API 8 CFR South China Coal swaps for average Q1’ 14 delivery lost 1.40 percept day on day closed at US$ 80.95 per mt as o ...
Sunday, 05 January 14
CENTRAL BUREAU OF INVESTIGATION OF INDIA REGISTERS CASES IN CONNECTION WITH ALLEGED SUPPLY OF LOW QUALITY INDONESIAN COAL BY A PRIVATE COMPANY TO NTPC & NSPCL
COALspot.com: The Central Bureau of Investigation of India has registered two cases regarding alleged supply of low quality imported Indonesian coal ...
Saturday, 04 January 14
THE INDONESIAN GOVERNMENT TO DOWNSIZE ITS COAL PRODUCTION TARGET TO 400 MMT THIS YEAR
COALspot.com: Indonesia to downsize its coal production target to 400 million tons in 2014, lower than the production in 2013, which stood at 421 mi ...
Friday, 03 January 14
IN 2013 RBCT HAS, FOR THE FIRST TIME, EXPORTED MORE THAN 70 MILLION TONS OF COAL
COALspot.com: South Africa's Richards Bay coal terminal, the world’s largest single coal exporting terminal shipped 6.788 million tonnes of c ...
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- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- South Luzon Thermal Energy Corporation
- The University of Queensland
- Eastern Energy - Thailand
- ICICI Bank Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Altura Mining Limited, Indonesia
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- White Energy Company Limited
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- Planning Commission, India
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining Corp, Philippines
- Australian Coal Association
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
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