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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, 29 October 09
COAL OF AFRICA SEES VELE OUTPUT BY APRIL 2010
* First coal from Mooiplaats mined and sold
* Talks with Transnet on rail PPP on track
Reuters reported that, Coal of Africa (CoAL) said on Mond ...
Thursday, 29 October 09
UAE FUND EYES INDIA POWER FOR INDONESIAN COAL
Reuters reported that, the UAE's Middle East Coal (MEC) is in talks to buy equity stakes in India's power plants in exchange for long-term coal su ...
Thursday, 29 October 09
CESC POSTS RS 126 CRORE (US$ 26,655,178) NET PROFIT IN QUARTER TWO
Economic Times reported that, Energy major CESC posted a marginal increase in net profit at Rs 126 crore (US$ 26,655,178) for the quarter ended Sep ...
Thursday, 29 October 09
INDIA MMTC TENDER SET TO BOOST S.AFRICA COAL
The South African coal market is set to be boosted further by India's state-owned trading firm MMTC Ltd's tender for 12.5 million tonnes, Indian t ...
Thursday, 29 October 09
INDIA CEMENTS SET TO ACQUIRE COAL MINE IN INDONESIA
Business-Standard reported that, India Cements is set to acquire a coal mine in Indonesia for around $20 million (around Rs 100 crore). The company ...
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- Madhucon Powers Ltd - India
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- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
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- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- Gujarat Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
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- ASAPP Information Group - India
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
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- Global Coal Blending Company Limited - Australia
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- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Interocean Group of Companies - India
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
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- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Minerals Council of Australia
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- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
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- Indian Oil Corporation Limited
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- Sindya Power Generating Company Private Ltd
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- PowerSource Philippines DevCo
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- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
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- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
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- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- Cement Manufacturers Association - India
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- The University of Queensland
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
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- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Petron Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- The Treasury - Australian Government
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- PTC India Limited - India
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- McConnell Dowell - Australia
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