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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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Thursday, 13 August 09
RIO PREPARES COAL IPO AFTER FAILING TO FIND BUYER
Bloomberg reported that, Rio Tinto Group, the world’s third- largest mining company, is preparing an initial public offering for its U.S. ...
Thursday, 13 August 09
NOBLE'S PROFIT DOUBLES ON GLOUCESTER COAL ACQUISITION
Bloomberg reported that, Noble Group Ltd., a Hong Kong-based supplier of raw materials from soybeans to coal, said second- quarter profit more than ...
Thursday, 13 August 09
CHINA COAL-PRICES UNCHANGED, BUT LIKELY TO MOVE HIGHER
Alibaba reported that, Spot coal prices in China's top coal port Qinhuangdao were unchanged from a week earlier, but are still looking bullish in t ...
Thursday, 13 August 09
INDONESIA'S BERAU COAL SEES 2010 OUTPUT UP 16 PCT
Reuters reported that, Indonesia's fifth-largest coal miner, PT Berau Coal, expects 2010 production to be nearly 16 percent higher than this year, ...
Thursday, 13 August 09
JAYPEE GROUP. L&T INK RS 4,000-CRORE (US$ 824,818,084) DEAL
Second order bagged by L&T in the supercritical segment.
Jaiprakash Power Ventures Ltd (JPVL), promoted by the $7-billion Jaypee group, has s ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- IHS Mccloskey Coal Group - USA
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- Planning Commission, India
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- Riau Bara Harum - Indonesia
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- TNB Fuel Sdn Bhd - Malaysia
- Toyota Tsusho Corporation, Japan
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- Formosa Plastics Group - Taiwan
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- The University of Queensland
- Central Electricity Authority - India
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- Indian Energy Exchange, India
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- Gujarat Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- London Commodity Brokers - England
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- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
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- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Medco Energi Mining Internasional
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- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
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- Australian Coal Association
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- Gujarat Mineral Development Corp Ltd - India
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- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
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- White Energy Company Limited
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- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
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- Kobexindo Tractors - Indoneisa
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- Anglo American - United Kingdom
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- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
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