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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, 03 December 09
COAL INDIA IPO LIKELY TO HIT MARKETS BY NOVEMBER 2010
Soon investors will get to own a slice of India's largest coal mining company. Coal India its initial public offering will hit markets in November ...
Thursday, 03 December 09
PROLONGED COAL MARGIN SQUEEZE AHEAD - WESCOAL
Mining Weekly reported that, Coal junior Wescoal foresees a continued margin squeeze ahead. The JSE AltX-listed company's gross margin was reduced ...
Tuesday, 01 December 09
COAL DEMAND REBOUNDING FROM DOWNTURN - U.S. MINING EXECS
The coal industry is slowly rebounding from last year's recession with demand and prices inching upward, although inventories at U.S. power ...
Tuesday, 01 December 09
INDONESIA COAL OUTPUT SEEN LIFTED BY CHINA, INDIA
Reuters reported that, Indonesia's coal output is expected to grow by as much as 12 percent in 2010, boosted by demand from power hungry China and ...
Monday, 30 November 09
NTPC SCOUTS FOR MORE COAL BLOCKS IN INDONESIA
State-run National Thermal Power Corporation (NTPC) today said it has identified three more coal blocks in Indonesia for acquisition.
"We ha ...
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- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- IEA Clean Coal Centre - UK
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- Carbofer General Trading SA - India
- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- VISA Power Limited - India
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Commonwealth Bank - Australia
- Heidelberg Cement - Germany
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
- Mercator Lines Limited - India
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Altura Mining Limited, Indonesia
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Indian Energy Exchange, India
- MS Steel International - UAE
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Planning Commission, India
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- SMG Consultants - Indonesia
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