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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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Friday, 20 November 09
CHINESE COKING COAL SUPPLY TO BE 'TIGHT' IN 2010, KGI SAYS
Bloomberg Reported that, Stephen Wang, an analyst with KGI Securities in Taipei, comments on the outlook for Chinese steel production and demand for ...
Thursday, 19 November 09
S. KOREA TO BUY COAL FROM CHINA FOR US$ 85-90/T IN 2010
Head of one S. Korea power company on November 18 unveiled that S. Korea’s power companies may purchase coal from China at the contract price ...
Thursday, 19 November 09
SNAPSHOT OF INDONESIA'S COAL INDUSTRY - FACT BOX BY REUTERS
Indonesian plans to cap coal exports to meet domestic demand will not hit global supplies in the near term, but could start to bite in three to five ...
Thursday, 19 November 09
INDONESIA COAL EXPORTS CURB WILL TAKE TIME TO BITE
Indonesia's plans to cap coal exports to satisfy demand at home are unlikely to crimp global supplies for as long as five years, when new power pla ...
Thursday, 19 November 09
THE GOVERNMENT TO GUARANTEE COAL SUPPLIES FOR POWER PLANTS
The government guarantees coal supplies for power plants under a 10,000 MW-capacity power plant construction acceleration program.
Minister of En ...
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- Baramulti Group, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
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- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Heidelberg Cement - Germany
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- White Energy Company Limited
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- Ministry of Transport, Egypt
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- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
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- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- GMR Energy Limited - India
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- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
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- Salva Resources Pvt Ltd - India
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- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Mercator Lines Limited - India
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
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- Romanian Commodities Exchange
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- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Planning Commission, India
- Larsen & Toubro Limited - India
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- Chamber of Mines of South Africa
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Oldendorff Carriers - Singapore
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
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