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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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Saturday, 05 September 09
SHANXI AIMS TO MAINTAIN 2009 COAL OUTPUT AT LAST YEAR'S LEVEL
Interfax-China reported that, Shanxi Province, the country's second-largest coal producing region, is aiming to keep its annual coal output a ...
Saturday, 05 September 09
INDIA BUYING INTO AUSTRALIA'S COAL - INTERVIEW
India is in line to buy vast amounts of Australian coal. An Indian cabinet minister is on a special mission to Australia to help satisfy India's ur ...
Saturday, 05 September 09
52 COMPANIES SUBMIT EOIS TO COAL INDIA
The Hindu, India's largest English news paper reported that, International mining majors from the U.S., South Africa, Australia and Indonesia are a ...
Friday, 04 September 09
INDONESIA PAITON ENERGY BUYS COAL FROM ADARO, KIDECO
PT Paiton Energy, an Indonesian independent power producer, has agreed to buy 3 million tonnes of coal from PT Adaro Energy Tbk (ADRO.JK) and PT Kid ...
Thursday, 03 September 09
ICVL IN TALKS FOR COAL BLOCKS IN INDONESIA
These acquisitions will help ICVL meet an internal target of importing at least 5 million tonnes (mt) of coking coal by 2012-13
LiveMint reported ...
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- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- CNBM International Corporation - China
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- Independent Power Producers Association of India
- Borneo Indobara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- PowerSource Philippines DevCo
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vedanta Resources Plc - India
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