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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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Monday, 30 November 09
THE FUTURES FOR THREE YEARS (2010-2012) WAS SOFT COMPARED TO LAST WEEK - VISTAAR SINGAPORE
COALspot.com (Singapore): BDI continued to drop this week and touched below 4,000 mark level. The drop in BDI was almost 12 pct and closed at 3,975 ...
Monday, 30 November 09
INDIA UTILITIES MOVE TO COAL INDEX - PRICING
Indian state utilities are leading a switch to coal index-linked pricing from fixed prices to secure imports and to be visibly paying fair market pr ...
Monday, 30 November 09
RECAPITAL TO ACQUIRE BERAU COAL
Unlisted Indonesian coal producer Berau will redeem outstanding bonds before the acquisition by Recapital Advisers is completed by the end of this y ...
Friday, 27 November 09
IMPORTING LIGNITE INTO COAL RICH KOSOVO
Balkan Insight has discovered that one of Kosovo’s biggest firms is being forced to import lignite from Malaysia and Indonesia, despite estima ...
Friday, 27 November 09
SOUTH AFRICA STILL TOPS IN COAL EXPORT RANKINGS
Mining Weekly reported that, Despite significant coal-mining capacity recently discovered in the Southern African region, according to senior coal a ...
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- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Sakthi Sugars Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- White Energy Company Limited
- Indogreen Group - Indonesia
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Sical Logistics Limited - India
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Economic Council, Georgia
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- Marubeni Corporation - India
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- The University of Queensland
- Thai Mozambique Logistica
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- Orica Australia Pty. Ltd.
- Maharashtra Electricity Regulatory Commission - India
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