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Monday, 13 April 09
INDIA'S NTPC FOURTH-QUARTER PROFIT RISES 30% ON POWER OUTPUT - BLOOMBERG
NTPC Ltd., India’s biggest electricity generator, said profit rose 30 percent in the fourth quarter after higher efficiency helped production.
Net income in the three months ended March 31 was a provisional 17.4 billion rupees ($345 million), Chairman R.S. Sharma said in New Delhi today. That compares with 13.4 billion rupees a year earlier.
Higher earnings will help NTPC almost double generation capacity by 2012 to meet energy demand and end blackouts in the world’s second fastest-growing major economy. The company’s shares have risen 57 percent from a 52-week low on Oct. 27, compared with a 26 percent gain in the benchmark Bombay Stock Exchange Sensitive Index.
“NTPC’s profits may rise between 5 percent and 7 percent this year on additional capacity and new regulation that allows it higher returns,” said Abhineet Anand, an analyst at Antique Stock Broking Ltd.
The Central Electricity Regulatory Commission allowed generators a higher rate of return on equity investments in the year that started April 1. The rate was increased to 15.5 percent from 14 percent, the power sector regulator said Jan. 20.
NTPC commissioned 1,000 megawatts and expanded commercial capacity by 2,000 megawatts in the year to March, Sharma said. This year, NTPC plans to commission 3,300 megawatts.
“Incremental capacity may only come toward the end of the year,” Anand said.
Installed Capacity
Installed capacity, including that of joint ventures, stood at 30,144 megawatts on March 31, Sharma said. Capacity in the year ended March 2008 was 29,394 megawatts, according to the utility’s annual report.
“Our profit rose in the fourth quarter because of higher efficiency,” director of finance A.K. Singhal said. “Our plant load factor rose 6 percent.” He didn’t provide more details.
NTPC plans to import 12.5 million metric tons of thermal coal this year to help meet a shortfall in fuel requirements and expects to produce 15 million tons of coal a year locally by March 2012.
“We are starting coal production soon,” Sharma said. “That will help us substantially reduce our imports.”
The company plans to spend 177 billion rupees on expansion this financial year and may raise 113 billion rupees in loans, Singhal said.
Generation capacity may climb to 50,000 megawatts by 2012 and 75,000 megawatts by 2017, Sharma said Sept. 17. The company aims to help cut peak-hour power shortages in India, which stood at a provisional 13.8 percent in the 11 months to February, according to the Central Electricity Authority.
Profit for the year ended March 31 rose 5.6 percent to 78.27 billion rupees while net sales rose to 421.82 billion rupees, the utility said in a statement in New Delhi. The figures are provisional and haven’t been audited, NTPC said.
Sales in the fourth quarter were 118 billion rupees, Singhal said.
NTPC shares rose 6.7 percent to close at 196.9 rupees in Mumbai trading, the biggest gain since Jan. 16.
Source: http://www.bloomberg.com/apps/news?pid=20601091&sid=aSlDisAMXnnA&refer=india
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Friday, 17 April 09
JSW TO BUY THERMAL COAL MINE IN AFRICA
Sajjan Jindal-led JSW Energy is close to acquiring a sub-Saharan African thermal coal mine, which has reserves of more than 200 million tons, to min ...
Thursday, 09 April 09
INDONESIAN CILACAP, FISHERMEN PROTEST COAL BARGES ANCHORING IN BAY - THE JAKARTA POST
Fishermen in Cilacap, Central Java, have protested against the presence of dozens of coal barges lying at anchor in Teluk Penyu Bay, claiming they a ...
Thursday, 09 April 09
INDONESIA'S PLN (STATE ELECTRICITY COMPANY) TO SET POWER PURCHASE PRICES FOR INDEPENDENT PRODUCERS - THE JAKARTA POST
State power company PT PLN holds the mandate to set power purchase prices to buy electricity produced by its (IPP) business partners, aiming at flex ...
Wednesday, 08 April 09
ARCELORMITTAL BUYS STAKE IN COAL OF AFRICA - MINEWEB
Steel maker, ArcelorMittal SA, has acquired a 16.3 percent stake in Coal of Africa Ltd. for $44.98 million in cash.
ArcelorMittal SA, the South A ...
Wednesday, 08 April 09
EXPORTS AT AUSTRALIA NEWCASTLE COAL PORT FALL ON STORM -MINING-JOURNAL
Coal exports from Australia's Newcastle port, the world's largest coal export terminal, fell roughly 18% last week to a 4½-month low, as ro ...
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- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- Sical Logistics Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
- IHS Mccloskey Coal Group - USA
- Petron Corporation, Philippines
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- The University of Queensland
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- PTC India Limited - India
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
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