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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, 16 November 09
141 VESSELS ARE EXPECTED TO LOAD 8.833 MILLION TONS OF INDONESIAN COAL BEFORE 30 NOVEMBER 2009
COALspot.com (Indonesia): 141 vessels are expected to load or sail with 8.833 million tons of Indonesian coal before 30 November 2009.
A source f ...
Sunday, 15 November 09
NALCO SHELVES SA PROJECT- PUTS IRAN PROJECT ON HOLD
The Economic Times reported that, In a twin decision on its global operations involving about Rs 27,000-crore (US$ 5.847billions) investment, the st ...
Saturday, 14 November 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AT US$ 19,000 / 20,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR SINGAPORE
COALspot.com (Singaproe): BDI continues to rally crossing the 4,000 mark. The BDI increased this week by 718 points up by 21 pct and closed at 4,111 ...
Saturday, 14 November 09
CHINA HAS BEEN THE LARGEST SINGLE BUYER OF INDONESIAN COAL IN OCTOBER, TAKING 24.37% OF TOTAL EXPORT QUANTITY OF 22.637 MILLION TONS
COALspot.com (Indonesia): China has been the largest single buyer of Indonesian coal in October 2009, taking 24.37% of total export quantity o ...
Saturday, 14 November 09
ASIA'S POWER SECTOR IS INVESTING IN COALMINES TO SECURE SUPPLIES
COALspot.com (Press Release): Asia Coal Power conference in Jakarta pinpoints growing power demand in Asia & Power sector investments in Indones ...
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- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
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- SMG Consultants - Indonesia
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
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- Indian Oil Corporation Limited
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
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- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
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- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
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- Energy Link Ltd, New Zealand
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- Directorate Of Revenue Intelligence - India
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- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
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- Rashtriya Ispat Nigam Limited - India
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- Economic Council, Georgia
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- VISA Power Limited - India
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- Port Waratah Coal Services - Australia
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- Electricity Generating Authority of Thailand
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- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
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- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
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- Mjunction Services Limited - India
- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
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- Asmin Koalindo Tuhup - Indonesia
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- Minerals Council of Australia
- Interocean Group of Companies - India
- White Energy Company Limited
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- Australian Coal Association
- Merrill Lynch Commodities Europe
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- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
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- Savvy Resources Ltd - HongKong
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- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
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- LBH Netherlands Bv - Netherlands
- Malabar Cements Ltd - India
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- Chamber of Mines of South Africa
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- Aditya Birla Group - India
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- The University of Queensland
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- Kumho Petrochemical, South Korea
- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
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- Independent Power Producers Association of India
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- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- Wilmar Investment Holdings
- Deloitte Consulting - India
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- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- Pendopo Energi Batubara - Indonesia
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
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- Bukit Makmur.PT - Indonesia
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