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Thursday, 29 October 09
UAE FUND EYES INDIA POWER FOR INDONESIAN COAL
 Reuters reported that, the UAE's Middle East Coal (MEC) is in talks to buy equity stakes in India's power plants in exchange for long-term coal supply, an executive said on Monday.
MEC is joint venture between UAE investment fund RAK Minerals and Metals Investments (RMMI) and UAE-based mining company Trimex. RMMI won a license in March to build a 150 km (93 miles) rail link carrying coal from a mine in Indonesia's East Kalimantan province to a coal terminal.
"We are close to signing a contact with a number of Indian power plants who need to be supplied with coal over the coming 15 years, the deals will be finalised by the end of next month," said Madu Koneru, vice chairman of Middle East Coal.
"India has one of the fastest growing economies and also has a shortage of power supply so that's why we have decided to go ahead with these deals," he told Reuters on the sidelines of a mining conference in Bahrain.
The deals would help MEC find the $500 million in financing it needs for the project, he said. MEC would start approaching institutions for funding once the deals were in place, he added.
RMMI plans to provide $100 million of the initial $600 million investment. Around $500 million will come from institutions such as the World Bank. The rest of the investment would come from additional partners that the company is now seeking, Koneru said.
The project has a cost estimate of around $1 billion.
Middle East Coal plans to start shipments of 3 to 5 million tonnes of thermal coal via road. Once the rail project is complete, shipments would rise to 17 million tonnes, Koneru said.
MEC had raised its projections for how much coal it could ship as it had progressed with planning for the project, Koneru said. Earlier this year, the company said that it would ship 15 million tonnes of coal.
Coal production in East Kalimantan accounts for over half of Indonesia's total coal output, forecast to reach around 230 million tonnes this year. Indonesia is the world's top exporter of thermal coal.
Of the 17 million tonnes, 10 million would be shipped to India, 7 million to China and the remaining two million tonnes to the UAE's northern emirate of Ras al-Khaimah, home to RMMI, said Koneru.
"And right now we are also in talks with Australian and Canadian companies, we hope one of them will operate the rail project," said Koneru.
The mines would be operated by local Indonesian companies.
The company had finalized in the past few weeks a deal to own 130 km of land in East Kalimantan which includes the coal mine.
"This is now private owned land and before we bought it no one was living on it," said Koneru. "But there are six villages in the area. We hope to create job opportunities for their people," he added.
Source: Reuters
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Saturday, 14 November 09
ASIA'S POWER SECTOR IS INVESTING IN COALMINES TO SECURE SUPPLIES
COALspot.com (Press Release): Asia Coal Power conference in Jakarta pinpoints growing power demand in Asia & Power sector investments in Indones ...
Friday, 13 November 09
API4 IGNORES LOW COAL TRADES - SWISS SINGAPORE
* Jan, Feb S.Africa coal prices hit 12-month highs
* Indian trader says deals done dollars below index
Reuters reported that, the physical coal ...
Thursday, 12 November 09
INDONESIA'S BUMI COAL PRODUCTION TO INCREASE
The sale is predicted to jump 14 percent to 58 million tons.
Viva News reported that, PT Bumi Resources Tbk. (BUMI) projected that the company's ...
Thursday, 12 November 09
INDIA'S BHEL IS IN INDONESIA NOW WITH THE COST EFFECTIVE CFBC BASED BOILER TURBINE PACKAGES
COALspot.com(Indonesia): BHEL, the largest engineering and manufacturing enterprise in India in the energy-related / infrastructure sector, is now f ...
Thursday, 12 November 09
NTPC FARAKKA AND KAHALGAON UNITS SHUT DOWN ON COAL SHORTAGE
Operations at two units each of power major NTPC Ltd’s 1600 MW Farakka and the 2340 MW Kahalgaon stations have ground to a halt due to an acut ...
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- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- Planning Commission, India
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Singapore Mercantile Exchange
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- Minerals Council of Australia
- Economic Council, Georgia
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- ASAPP Information Group - India
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- Bhatia International Limited - India
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Xindia Steels Limited - India
- Meenaskhi Energy Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
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