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Sunday, 15 November 09
NALCO SHELVES SA PROJECT- PUTS IRAN PROJECT ON HOLD
The Economic Times reported that, In a twin decision on its global operations involving about Rs 27,000-crore (US$ 5.847billions) investment, the state-owned aluminium major Nalco has shelved its proposed project in South Africa, and has put on hold the one in Iran.
Nalco had planned a Rs 17,000-crore (US$ 3.681 billions) project in South Africa to set up a 5-lakh (0.5 million) tonne aluminium smelter plant and a 1,250-MW power plant. However, both these projects have been abandoned now as the company has found that there is no sufficient coal in the offered reserves to feed the ventures, Nalco Director Finance B L Bagra told PTI.
"We could not get coal resource as required to run the captive power plant which was to feed the smelter project. The authorities there had offered some blocks, but it was not sufficient to meet our requirement," Bagra explained.
The Nalco official has also informed that the company has put on hold the Rs 10,000-crore (US$ 2.165 billions) Iranian project, which involved setting up a 3.3-lakh (0.33 million) tonne aluminium smelter plant and an 800-MW power station, as the company has so far been unable to tie up funds for the project.
"In Iran, we are still not able to tie up funds for the project. The project, thus, is currently on hold," Bagra said, adding, however, that the company is still in the process of securing finances for the project. But did not name the prospective lenders with whom the firm is in talks.
Meanwhile, Nalco said it is going ahead with its Rs 17,000 (US$ 3.681 billions) - project in Indonesia to set up 5-lakh (0.5 million) tonne aluminium smelter and 1,250-MW power plant. (1 USD = 46.1800 INR)
Source: The Economic Times
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Thursday, 26 November 09
CIL EYES OVERSEAS ACQUISITIONS TO BRIDGE SUPPLY GAP
Coal Minister Sriprakash Jaiswal on Wednesday said that state-run coal major Coal India is looking to acquire coal blocks in the US and
othe ...
Wednesday, 25 November 09
NAPOCOR SCRAPS AWARD OF 715,000 TONS COAL
Top Philippine electricity producer National Power Corp. (Napocor) said on Wednesday it had cancelled plans to award 715,000 tons in coal supply con ...
Wednesday, 25 November 09
RISING FREIGHT RATES HIT COAL IMPORTERS
While state-owned NTPC’s 12.5 million tonne coal import order may have been aimed at plugging the shortage of coal at its thermal power plants ...
Wednesday, 25 November 09
CSN TO BUY RIVERSDALE STAKE TO BOOST COAL SUPPLIES
Cia. Siderurgica Nacional SA plans to buy 16.3 percent of Australian coal-exploration company Riversdale Mining Ltd. for about A$190.5 million ($175 ...
Tuesday, 24 November 09
ICRA DOWNGRADES TNPL`S RATING TO LAA
Credit rating agency, ICRA has revised the long term rating for the Rs 11.25 billion long-term fund-based bank facilities and Rs 1.5 billion non-con ...
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- PTC India Limited - India
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- ASAPP Information Group - India
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Global Business Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Agrawal Coal Company - India
- TNB Fuel Sdn Bhd - Malaysia
- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- SMC Global Power, Philippines
- Economic Council, Georgia
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- LBH Netherlands Bv - Netherlands
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Edison Trading Spa - Italy
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
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