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Friday, 20 November 09
INDONESIAN CO PLANS JV WITH NAGARJUNA
 Economic Times reported that, Infrastructure firm Nagarjuna Constructions Company (NCC) is set to form a joint venture with an Indonesian coal mining company to aid supply of coal for its Rs 14,000-crore (US$ 3.0185 Billions) thermal power plant in Andhra Pradesh.
NCC is setting up its maiden thermal power plant in the Srikakulam district of Andhra Pradesh to generate 1,320 mw of power. “We wish to acquire a 51 per cent stake in the new special purpose vehicle floated by Nagarjuna Constructions and the Indonesian company located in the coal-rich East Kalimatan province of the country. However, our due diligence is still on and we are yet to complete the legal formalities,” said an official who did not wish to be named.
The company expects to finalise the consideration price, duration of coal supply and other terms of the deal in a couple of months. NCC has appointed Tata Consulting Engineers as its consultants for advice on technical specifications on this project.
This deal will help NCC procure 30 per cent of the coal required for its power plant, while state-owned coalfields in Mahanadi (Orissa) and Raigarh (Bihar) will meet 70% of its requirements.
The project will be implemented in two phases and will start generating power from 2011.
“While the Ministry of Coal has permitted us to buy coal from Orissa and Bihar, we are requesting the government to supply coal from the Mahanadi coal field to save on transportation costs. The Ministry of Railways has given us the in-principle nod for transporting coal and we are only awaiting environmental clearance now,” KJBV Subrahmanyam, director, NCC Power Projects, told ET.
For power-starved Andhra Pradesh, the project is critical for meeting the state’s growing demands for electricity.
The ministry of power has approved the same in the 12th Five Year Plan’s capacity addition, which will help the country meet its target of adding 59,513 mw of power through thermal power plants. The national electricity policy targets per capita availability of 1,000 kwh by 2012.
In Srikakulam, the total land requirement of the project is 1,890 acre, of which, the state government has allotted NCC 1,000 acre. The firm is in talks with other land owners for sale of the remaining 890 acre required. The company hopes to commence construction of the power plant soon as it achieves financial closure in March next year.
“We are looking at a debt-equity ratio of 70:30 to fund the project. We will borrow from a consortium of national banks and financial institutions dedicated to the power sector,” said Subrahmanyam.
Projects in the power sector account for less than five per cent of its order book. NCC is also executing two hydel projects at various stages of completion in Himachal Pradesh and Sikkim, under NCC Infra Holdings, a wholly-owned subsidiary of NCC.
The company’s revenues for the September quarter were Rs 1,067 crore (US$ 230,056,053) and profit for the same period was Rs 43 crore (US$ 9,271,237). NCC’s shares fell 3.20 per cent to close at Rs 163.25 (US$ 3.51876) on the BSE on Thursday. (1 USD = 46.3800 INR)
Source: Economic Times
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Wednesday, 30 December 09
CHINA'S 2010 COAL DEMAND COULD RISE 4%-6%, ACCORDING TO CHINA SECURITIES JOURNAL
China, which is the world’s second-largest energy user, may consume between 4 and 6% more coal next year on continued economic growth, China S ...
Tuesday, 29 December 09
PROFIT IN COAL INDUSTRY DOWN 9.4% Y-O-Y IN JAN.- NOV.
In November, China's coal production was 289mln tons, up 26.3% year on year, an increase of 5.2% over last month. China's average daily trucks loa ...
Tuesday, 29 December 09
DHARMA HENWA EYES 20% REVENUE GROWTH
Local integrated mining services provider PT Dharma Henwa, which was earlier this year acquired by coal mining giant PT Bumi Resources, expects reve ...
Monday, 28 December 09
NEED TO IMPORT COAL COMES EARLY
Viet Nam may need to start importing coal as early as 2012, three years earlier than expected, to meet its electricity demands.
The Viet Nam Coal ...
Monday, 28 December 09
GOVT EYES $3.57B MINING, GEOTHERMAL INVESTMENT
The country can expect up to US$3.57 billion in investment in mining and geothermal energy next year, which would represent an increase by more than ...
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- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- VISA Power Limited - India
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Kartika Selabumi Mining - Indonesia
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Australian Coal Association
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- Deloitte Consulting - India
- PTC India Limited - India
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Agrawal Coal Company - India
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
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