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Monday, 20 July 09
ADANI POWER LAUNCHES IPO, AIMS HIGHER CAPACITY
 Economic Times reported that, Adani Power Ltd, a power project development company, promoted by Adani Enterprise went for an initial public offering of 301,652,031 equity shares of Rs. 10 each for cash at a price to be decided through a 100 per cent book building process. The issue opens on July 28.
The company has not mentioned about the price band of the issue. According to a market grape vine it should be in the range of Rs.100-120. However, a company release says, the price band and the minimum bid will be decided by the company in consultation with the global coordinator and book running lead manager.
The global coordinator and book running lead manager for the issue is DSP Merrill Lynch. Other book running lead managers are Enam Securities, IDFC –SSKI, JM Financial Consultants, Kotak Mahindra Capital, Morgan Stanley India, ICICI Securities and SBI Capital.
The issue would constitute 13.84 per cent of the post issue paid-up equity share capital of the company. The issue includes a reservation of up to 8,000,000 equity shares for eligible employee.
The company has an installed combined capacity of 6,600 MW. Currently, Adani Power is working on the following projects:
1) Mundra Phase I and II with capacity of 1,320 MW.
2) Mundra Phase III with 1,320 MW, and
3) Mundra Phase IV with 1,980 MW
4) Tiroda Power Project,
which is being developed by company’s subsidiary Adani Power Maharashtra Ltd with 1.980 MW.
Out of total 6,600 MW capacity generation, majority (70%) is to be sold through PPP models in the states like Gujarat, Maharashtra and Haryana. The rest 30 per cent is to be sold as merchant power.
In addition, the company is also planning to develop two power projects with combined installed capacity of 3,300 MW through its subsidiaries.
All those four thermal power projects are under various states of development. While some are partly operational, the entire gamut is expected to be operational by 2012-13. The parent company Adani Enterprise is engaged in green field mining in Indonesia. It supports the power company to meet its coal requirement for thermal power projects partly.
“Out of 15 million tonnes coal required for its Mundra projects, 8/9 million tonnes are to be supplied from Indonesian venture. The rest coal requirement in addition to 7 million tonnes coal required for Tiroda power project are met through domestic linkages,” said Ameet H. Desai, Director, Adani Power.
The company intends to utilize the net proceeds of the issue of the issue to part finance the construction and dvelopement of Mundra Phase IV power project for 1,980 MW and fund equity contribution in i8ts subsidiary – Adani Power Maharashtra to part finance the construction and development cost of power project for 1,980 at Tiroda.
“We intend to achieve a target of 20,000 MW capacity by 2020 using all modes of power generation including thermal, hydro, solar and wind,” said Gautam Adani, chairman, Adani Enterprise and Adani Power.
Source: Economic Times
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Tuesday, 21 July 09
NEWCASTLE COAL EXPORTS FALL 5%, SHIP QUEUE INCREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 5 per ...
Tuesday, 21 July 09
FIRST QUARTER COAL MARKET AND EURACOAL'S OUTLOOK FOR THE FUTURE
Euracoal reports that for the first time in many years, the world market for hard coal fell by some 8 % during the first quarter 2009. This latest E ...
Monday, 20 July 09
CHINAS COAL DEMAND, OUTPUT TO PICK UP IN H2 - GROUP 2
Financial24 reported that, China's coal demand is expected to gradually pick up in the second half of the year, and coal output will likely grow fa ...
Monday, 20 July 09
BANPU'S SECOND-HALF PROFIT MAY DROP ON COAL PRICES
Bloomberg Reported that, Banpu Pcl, Thailand’s biggest coal producer, expects profit to decline in the second half from the first six months a ...
Monday, 20 July 09
CHINA COAL PRODUCES 52.7 MLN TONNES OF COAL IN 1H, UP 5.4 PCT
China Mining reported that, China Coal Energy Co., the country's second largest coal producer, said Saturday that it produced 52.67 million tonnes ...
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- Siam City Cement - Thailand
- Eastern Coal Council - USA
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- MS Steel International - UAE
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
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- Africa Commodities Group - South Africa
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Agrawal Coal Company - India
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
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- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- London Commodity Brokers - England
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- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- White Energy Company Limited
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- Indonesian Coal Mining Association
- GMR Energy Limited - India
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