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Tuesday, 13 October 09
JSW ENERGY SCOUTING FOR PARTNERS, ACQUISITIONS
Business-Standard reported that, JSW Energy is planning to become an integrated power company by bringing in a partner for its transmission business and in its proposed distribution business. The company has shortlisted three companies for the proposed partnership in transmission.
For its expansion plan, the company is planning to acquire coal mines abroad. It will invest Rs 14,048 crore over five years in power generation, transmission and mining. It plans to raise around Rs 3,000 crore through a public offer (IPO).
Pramod Menon, chief financial officer, JSW Energy, said, “The company’s main business is production, and going forward, we would like to become an integrated power company.”
JSW Energy has floated Jaigad Power Transco, a joint venture company floated with Maharashtra State Power Transmission. JSW Energy holds 74 per cent stake in the company, which bagged a Rs 580-crore order for a 169 km transmission line. To strengthen this business, the company plans to bring in a technology partner. “We are talking to three foreign companies for a potential technology tie-up. We will not dilute any stake and the partnership would be on a project-to-project basis.” The company is also planning to foray into power distribution business through the same model, said Menon.
On the power production business, he said the company planned to invest Rs 14,048 crore over five years. Of this, Rs 9,500 crore will be invested before March 2011. He said the company commissioned a 600 Mw power plant in Vijayanagar, Karnataka, and a 135 Mw plant in Barmer, Rajasthan. With the recent addition of 735 Mw, the company now has 995 Mw generating capacity.
JSW Energy’s power generation capacity is likely to go up to 3,140 Mw by April 2011 and 11,390 Mw by September 2015. The new plants will be in Karnataka, West Bengal, Jharkhand, Rajasthan, Maharashtra, Himachal Pradesh and Chhattisgarh.
On acquisition of coal mines, Menon said the company required six million tonnes of coal per annum. “To meet this demand, we are exploring the possibility of acquiring coal mines at Australia and Indonesia.” Due diligence is in process,” added Menon.
Source: Business-Standard
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Monday, 28 September 09
TATA POWER SCOUTS FOR COAL BLOCKS ABROAD
Business Standard reported that, private power producer Tata Power is scouting for coal mines abroad, including Australia and Mozambique, to meet de ...
Saturday, 26 September 09
THE INDIA / FAR EAST SEEMS WILL BE FIRM NEXT WEEK - VISTAAR
COALspot.com (Singapore): The dry bulk market was soft this week and the BDI dropped by almost 7 pct to 2,183 points. The cape size index dropped by ...
Saturday, 26 September 09
GSECL PLANS TO PROCURE 15 LAKH (1.5 MILLION) MT OF IMPORTED COAL
Business Standard reported that, State-run power generation company, Gujarat State Electricity Corporation Ltd (GSECL) intends to procure 15 lakh (1 ...
Saturday, 26 September 09
SAIL TO SET UP TWO SLAG-BASED CEMENT MANUFACTURING UNITS
Rediff Business reported that, Government-owned Steel Authority of India Ltd, the country's largest steel producer, is looking to set up two greenf ...
Friday, 25 September 09
INDONESIA STOCK EXCHANGE EXAMINES BUMI DEAL WITH CHINESE SOVEREIGN WEALTH FUND
The Jakarta globe reported that, The Indonesia Stock Exchange is looking into the $1.9 billion financing deal between PT Bumi Resources, the country ...
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- The State Trading Corporation of India Ltd
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- Neyveli Lignite Corporation Ltd, - India
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- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
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- SMG Consultants - Indonesia
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- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
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- Mercuria Energy - Indonesia
- Directorate Of Revenue Intelligence - India
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- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
- Vedanta Resources Plc - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
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- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
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- Bangladesh Power Developement Board
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
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- Siam City Cement PLC, Thailand
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- Semirara Mining and Power Corporation, Philippines
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- Barasentosa Lestari - Indonesia
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- Tamil Nadu electricity Board
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- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
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- Ministry of Transport, Egypt
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- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
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- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- Bhatia International Limited - India
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- Madhucon Powers Ltd - India
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- Parliament of New Zealand
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
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- Kapuas Tunggal Persada - Indonesia
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- Planning Commission, India
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- Anglo American - United Kingdom
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- Orica Australia Pty. Ltd.
- Pipit Mutiara Jaya. PT, Indonesia
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- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Australian Coal Association
- GMR Energy Limited - India
- Videocon Industries ltd - India
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- Jorong Barutama Greston.PT - Indonesia
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
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- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
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- Baramulti Group, Indonesia
- The University of Queensland
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- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
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