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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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Thursday, 17 December 09
CIL TO IMPORT 4 MILLION TONNES COAL FOR NTPC
The country's largest coal miner Coal India Ltd (CIL) will import 4 million tonnes of coal for state-run power company NTPC.
"Earlier, ther ...
Wednesday, 16 December 09
COAL MARKETS 2010 CONFERENCE - PRESS RELEASE
COALspot.com (Singapore) Press Release – Back for the 8th year, Coal Markets 2010 will be taking place in Singapore on 28 – 29 Jan ...
Wednesday, 16 December 09
CHINA 2010 COAL TERM PRICES SEEN RISING 8% ON YEAR
Term prices of thermal coal for 2010 in China are expected to rise about 8 percent from this year's levels, as demand for power has been roaring ba ...
Wednesday, 16 December 09
KANGAROO RESOURCES TO ACQUIRE INDONESIAN COAL INTERESTS
Emerging coal producer Kangaroo Resources has significantly enhanced its production pipeline in Indonesia after reaching agreement to acquire a coki ...
Wednesday, 16 December 09
UAE'S RAS AL KHAIMAH TO INVEST $5.2B IN EAST KALIMANTAN PROJECT
Shrugging off neighbor Dubai’s debt problems, the smaller United Arab Emirate of Ras Al Khaimah announced on Tuesday that it would increase it ...
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- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Marubeni Corporation - India
- LBH Netherlands Bv - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- Aditya Birla Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Central Java Power - Indonesia
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- Jaiprakash Power Ventures ltd
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Australian Coal Association
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- Agrawal Coal Company - India
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- Eastern Coal Council - USA
- MS Steel International - UAE
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
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