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Wednesday, 26 August 09
JSW ENERGY NEARS COAL-SUPPLY LINKAGE DEAL IN INDONESIA
Sajjan Jindal-owned JSW Energy is close to finalising a coal-supply linkage pact in Indonesia and is also exploring options of acquiring coal mines in South Africa and Australia, to secure coal supplies for its forthcoming power projects. The company is in the final stages of completing due diligence for a 50-million tonne coal linkage in Indonesia, according to a person close to the development.
JSW Energy has already identified a coal mine in South Africa and is in talks with Australian miners to tie-up fuel linkages for its proposed power plants and for JSW Steel. If the deals are finalised, JSW Energy would get additional coal linkage of 250 mt. Currently, JSW Energy has access to limited coal reserves in India and is largely dependant on imports. Besides making full-fledged acquisitions, JSW Energy is also in talks with the South African government for jointly developing coal mines.
When contacted, joint MD SS Rao said: “We are open to all available overseas options.” He declined to divulge further details as the company has filed a regulatory draft with the Sebi for its forthcoming IPO that aims to raise around Rs 3,000 crore. It has targeted to commission 3,140 mw by the end of 2010. “We may enter the capital market by the end of October , depending on the regulatory approval,” Mr Rao added.
JSW Energy will deploy the proceeds from IPO for developing identified generation and transmission projects, mining ventures and to service debt. It currently generates 560 mw of power from a plant in Karnataka and has 3,090 mw of generating capacity at various stages of implementation. The company has also entered into long-term power purchase agreements with the governments of Rajasthan and Maharashtra.
JSW Energy has plans to import 13 mt of coal for its upcoming power plants at Ratnagiri and Vijaynagar, Karnataka. The company has also secured coal supplies from a block in Orissa where it has a JV with Mahanadi Coalfields, where it would be able to procure around 90 mt in the long term.
Source: The Economic Times
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Friday, 11 September 09
L&T EYES AUSSIE COAL MINE
Commodity Online reported that, Larsen and Toubro is in talks to buy a thermal coal mine in Australia for about $300 million. Thermal coal is used f ...
Wednesday, 09 September 09
CHINESE INTEREST IN AUSTRALIA COAL TICKS UP AS PRICES FALL
After a lull of about two months, Australian thermal coal producers are now seeing renewed interest from Chinese buyers for spot cargoes in the four ...
Wednesday, 09 September 09
SALES FORECAST UP ON BETTER DISTRIBUTION
The Jakarta Post reported that, State coal producer PT Tambang Batubara Bukit Asam (PT BA) expects coal sales to rise by 11 percent next year as it ...
Wednesday, 09 September 09
NTPC HIRES MACQUARIE TO ADVISE INDONESIA COAL MINE PURCHASE
Bloomberg reported that, NTPC Ltd., Asia’s biggest power utility by value, has hired Macquarie Group Ltd. to evaluate a proposed coal mine pur ...
Tuesday, 08 September 09
SOUTH AFRICAN COAL FALLS MOST IN 11 WEEKS ON EXCESSIVE PRICES
Bloomberg reported that, Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the f ...
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- Rashtriya Ispat Nigam Limited - India
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- IHS Mccloskey Coal Group - USA
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- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
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- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
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- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
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- Bulk Trading Sa - Switzerland
- Makarim & Taira - Indonesia
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- PTC India Limited - India
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- Bukit Baiduri Energy - Indonesia
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
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- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Semirara Mining Corp, Philippines
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- Agrawal Coal Company - India
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- Coal and Oil Company - UAE
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- Bukit Asam (Persero) Tbk - Indonesia
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- Maharashtra Electricity Regulatory Commission - India
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- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Central Java Power - Indonesia
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
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- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- Price Waterhouse Coopers - Russia
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
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- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
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- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CNBM International Corporation - China
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- Mercuria Energy - Indonesia
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- Planning Commission, India
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- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
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- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
- The University of Queensland
- Kobexindo Tractors - Indoneisa
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- Altura Mining Limited, Indonesia
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- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
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- Antam Resourcindo - Indonesia
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- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
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- Kumho Petrochemical, South Korea
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