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Thursday, 29 October 09
CESC POSTS RS 126 CRORE (US$ 26,655,178) NET PROFIT IN QUARTER TWO
 Economic Times reported that, Energy major CESC posted a marginal increase in net profit at Rs 126 crore (US$ 26,655,178) for the quarter ended Sep 30 against Rs.124 crore (US$ 26,232,282) in the corresponding quarter a year ago, a top company official said here Thursday.
"We had to import lot of expensive power during the quarter than we did before," Sanjiv Goenka, company's vice chairman told reporters here. Describing the quarter performance as decent, he said the power plants were working at 98.6 percent across all stations.
CESC, the flagship company of diversified RPG Entreprises, is the sole distributor of electricity within an area of 567 sq kilometre of the city and adjoining Howrah. It owns and operates four thermal power plants generating 975 MW of power.
These power plants are: Budge Budge Generating Station (500 MW), Southern Generating Station (135 MW), Titagarh Generating Station (240 MW) and New Cossipore Generating Station (100 MW).
The company is expecting to finish the financial closure for the Dhariwal power project within the next seven to ten days, Goenka added. CESC has acquired a little more than 50 percent in Dhariwal Infrastructure to set up a 600-MW thermal power project at Chandrapur in Maharashtra.
The project cost is around Rs.2,850 crore and will be funded in a debt equity ratio of 70:30. He said the Maharashtra project will come up before the Haldia project, which is yet to get the last tract of its allotted 400 acres, he added.
Goenka is hopeful that the financial closure of the Budge Budge project will be done by the year-end. The third unit (250 MW) in Budge Budge is being constructed at a cost of Rs.1,200-crore (US$ 253,860,814). The Budge Budge power station currently has two units of 250 MW each.
The company has been short-listed for the Patna circle, he said.
"We are one of the three parties shortlisted for the Patna circle but has decided to go to court for the admissibility of a bidder which has emerged as the highest bidder as we doubt their credential," Goenka said.
The company is also looking for acquiring existing power generating units in the range of 300-600 MW capacity, he said as a part of its expansion plans.
The recent coal price hike by Coal India of around 15 percent has hit the power utility hard though Goenka refused to quantify the financial impact.
"We have started looking at acquiring coal mines in South Africa and Australia to bring down our coal cost," Goenka said. The company's plans to acquire coal blocks in Indonesia have not made any progress till now.
"We looked at six coal mines there but in every mine we found out the actual coal reserve was a mere fraction of the stated reserve," the vice chairman added.
Source: Economic Times
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Wednesday, 21 October 09
INDONESIA'S BUKIT ASAM GETS COAL RAILWAY APPROVAL
Reuters reported that, Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk said on Wednesday it had been given government approval to sta ...
Wednesday, 21 October 09
COAL DEMAND SOARS AS ASIA ECONOMIES REBOUND - PEABODY
Reuters reported that, Demand for coal to generate electricity and make steel in China and India is expected to grow by 7 percent to 8 percent annua ...
Wednesday, 21 October 09
INDONESIAN SHOCK FOR INDIAN POWER PLANTS
Business-Standard reported that, India’s ambitious plans to generate an additional 180,000 Mw of power in the next seven years will face hurdl ...
Wednesday, 21 October 09
DUTA GRAHA PLANNING TO DELVE INTO MINING SECTOR
The Jakarta Globe reported that, PT Duta Graha, one of the country’s largest private engineering firms, says it intends to diversify into the ...
Tuesday, 20 October 09
RECAPITAL SET TO BUY INDONESIA'S BERAU COAL - SOURCES
* COULD PAY AT LEAST $1.3 BLN FOR BERAU - SOURCES
* RECAPITAL CONFIRMS IT HAS BID FOR BERAU
* BAKRIE GROUP LIKELY TO BACK BID – SOURCES
...
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- Bangladesh Power Developement Board
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- Bhatia International Limited - India
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- IHS Mccloskey Coal Group - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Central Electricity Authority - India
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- Indo Tambangraya Megah - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- Australian Coal Association
- The University of Queensland
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Thiess Contractors Indonesia
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- Deloitte Consulting - India
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Aditya Birla Group - India
- Dalmia Cement Bharat India
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Posco Energy - South Korea
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