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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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Monday, 24 August 09
10 LAKH (1 MILLION) TONNE COAL BURNT IN KPT
Times of India reported that, In an unusual phenomenon, 10 lakh tonne coal cache stored at a plot in Kandla Port Trust was reduced to ashes after it ...
Monday, 24 August 09
LANCO IN TALKS FOR INDONESIAN COAL MINE
Economic Times of India reported that, Infrastructure company Lanco Infratech is in advanced talks with Indonesian engineering, procurement and cons ...
Saturday, 22 August 09
'THE BDI IS LIKELY TO BE HOLDING AROUND 2,500 POINTS' - SHIPPING UPDATE
COALspot.com (Singapore): The dry bulk market continued to be soft and the BDI dropped by 10 percent this week and closed at 24,68 points this week. ...
Saturday, 22 August 09
INDIAN COAL BUYERS RE-EMERGE WITH FRESH TENDERS
Reuters world's largest international multimedia news agency reported that,Indian coal end-users have re-emerged after a few weeks with several fre ...
Friday, 21 August 09
HUANENG YIMIN TO HIKE COAL OUTPUT
China Daily, the largest English portal in China reported that, China's first large coal-electricity joint project, Huaneng Yimin Coal Electricity ...
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- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- CNBM International Corporation - China
- Indo Tambangraya Megah - Indonesia
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Altura Mining Limited, Indonesia
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- ASAPP Information Group - India
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- VISA Power Limited - India
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- The University of Queensland
- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Alfred C Toepfer International GmbH - Germany
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Planning Commission, India
- Goldman Sachs - Singapore
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
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