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Tuesday, 18 August 09
BANPU TO FOCUS ON CORE BUSINESS
Banpu, the country's leading energy firm, expects to conclude its four-year strategic plan next month, resulting in a strengthening of its core businesses by acquiring power plants and coal mines in Indonesia, Australia and China.
The revised plan will cover the period from 2010 to 2013.
The Nation, Thailand's one of th eleading new paper reported that, Chief executive officer Chanin Vongkusolkit said yesterday that as a result of the global economic crisis, many multinational firms had shifted their focus to core businesses. Some of them have been forced to sell all or some of their investments in this region.
"This is an opportunity for Banpu to acquire power plants and coal mines in the region in order to strengthen its existing power and coal-mining business," he said.
Like other firms, Banpu has revised its strategic plan since the outbreak of the world economic crisis by focusing on its core competency rather than diversifying into other businesses.
"We expect our revised business plan will be in line with the economic recovery," said Chanin.
Banpu yesterday revealed a second-half net profit of Bt8.78 billion, up 101 per cent from the same period last year.
The power business generated Bt6.47 billion and the remainder came from coal-mining.
The company posted Bt26.56 billion in sales revenue, up 34.75 per cent from Bt19.71 billion in the same period last year.
"The reason for posting a doubling of net profit in the first half is having booked selling prices, which were higher than those in the same period last year," said Chanin.
In addition, he said the revenue-sharing of coal business in China was favourable, as coal prices there were still at a high level.
Chanin said that in the first half of this year Banpu had delivered 8.6 million tonnes of coal to Indonesia. Its target for the full year is 20.5 million tonnes.
"However, the company expects its results in this year's second half will not be as good as the first half because of lower coal prices," he said.
He added that the earnings contribution from its subsidiary BLCP's power plant in the second half would be lower than in the first period, as it would have to stop operations for maintenance.
Source: The Nation
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Monday, 10 August 09
POLICY HURDLES DELAY NALCO'S U$$ 4.166 BILLION OVERSEAS PROJECTS
National Aluminium Company Ltd's (NALCO) greenfield projects in overseas markets like Indonesia and Iran are in limbo because of political
...
Monday, 10 August 09
SAIL, TATA STEEL TO REDUCE COAL IMPORTS BY PARADIP PORT
World Shipping News reported that, Steel Authority of India Ltd (SAIL) and Tata Steel have scaled down coal imports through Paradip Port, hit by pre ...
Monday, 10 August 09
NTPC LIKELY TO SET UP POWER PLANTS IN NIGERIA AND SRILANKA
Economic time reported that, National Thermal Power Corporation Limited (NTPC), country's largest power utility, is likely to set up power plants i ...
Monday, 10 August 09
VINACOMIN TO SELL COAL AT MARKET PRICES TO DOMESTIC USERS
VNBusinessNews.com - Reuters reported that Vietnamese government has agreed to let coal monopoly Vinacomin sell coal at market oriented prices to do ...
Sunday, 09 August 09
TNEB ENNORE PORT CALLS TO TRIPLE COAL OUTPUT
World Shipping News reported that, the Tamil Nadu Electricity Board (TNEB) has asked Ennore Port Ltd (EPL) to increase the port’s installed ca ...
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- Maheswari Brothers Coal Limited - India
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- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
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- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
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- Romanian Commodities Exchange
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- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Mercator Lines Limited - India
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
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- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
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- Global Coal Blending Company Limited - Australia
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- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
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- ASAPP Information Group - India
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- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
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- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
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- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
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- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
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- India Bulls Power Limited - India
- Goldman Sachs - Singapore
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- Australian Commodity Traders Exchange
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Alfred C Toepfer International GmbH - Germany
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- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
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- Gujarat Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
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- LBH Netherlands Bv - Netherlands
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- Chamber of Mines of South Africa
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- Australian Coal Association
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- Merrill Lynch Commodities Europe
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- Orica Australia Pty. Ltd.
- Pipit Mutiara Jaya. PT, Indonesia
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- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
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- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
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- Global Business Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
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- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
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- Price Waterhouse Coopers - Russia
- PowerSource Philippines DevCo
- Power Finance Corporation Ltd., India
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- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
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- Economic Council, Georgia
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- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
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- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
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- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- Independent Power Producers Association of India
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- CNBM International Corporation - China
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- Sindya Power Generating Company Private Ltd
- The University of Queensland
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