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Thursday, 21 January 10
MEC IN TALKS WITH TATA POWER ON COAL - TRADE
.jpg) The UAE's Middle East Coal is in talks to supply coal to Tata Power, India's biggest private sector power firm, from its new Indonesian operations, an industry source said on Wednesday.
The long-term supply deal would be in exchange for an equity stake in Tata, the India-based source who is familiar with the talks, said.
Middle East Coal (MEC) is a joint venture between United Arab Emirates' investment fund RAK Minerals and Metals Investments (RMMI) and UAE-based mining company Trimex.
"There are talks going on between MEC and Tata Power for the shipping of coal from Indonesia to India from MEC's new project there," the industry source said, declining to be identified.
MEC plans to start operation of coal mines in Indonesia's coal-rich East Kalimantan province this year with initial production of 2 million tonnes destined for India. The supply deal would help MEC find the $500 million in financing it needs for the project which has an estimated cost of $1 billion.
A senior MEC official declined to comment on the Tata talks.
"We held talks with five of India's top energy companies about supplying them with coal," said Madu Koneru, vice chairman of Middle East Coal, declining to name the companies involved.
"The announcement of the company names will be sometime in March and we are also in talks with companies in China."
Tata Power also declined to comment on any talks with MEC.
"We are exploring different options for our coal requirements in Indonesia and elsewhere," a spokesman from Tata Power told Reuters in an email.
RMMI won a licence in March to build a 150 km (93 miles) rail link carrying coal from a mine in East Kalimantan to a coal terminal.
MEC plans to start shipments of 3 to 5 million tonnes of thermal coal via road. Once the rail project is complete, shipments would rise to 17 million tonnes.
Of the 17 million tonnes, 10 million would be shipped to India, 7 million to China and the remaining two million tonnes to the UAE's northern emirate of Ras al-Khaimah, home to RMMI.
PROJECT PARTNERS
MEC's mine and railway are central to the development of an industrial facilities complex that will include a power plant fuelled by coal, an aluminium smelter, a fertiliser plant and a high capacity port terminal with a total investment valued at $5billion, said an MEC company statement.
Together with equity partner NALCO, an Indian government entity and Asia's largest integrated aluminium complex, MEC plans to invest $2 billion in a greenfield aluminium smelter producing 500,000 tons of aluminium a year, the statement added.
A further $2 billion investment will build a 1,250 mega watt captive power plant and other auxiliary facilities for the smelter, it said.
On the railway project MEC had partnered with CANAC, a Canadian railway and transportation services firm for railway and port operations and maintenance.
IL&FS Transportation Networks Limited, (ITNL) a subsidiary of India's Infrastructure Leasing & Financial Services (IL&FS) Group would provide MEC with financing to build the transportation infrastructure, railway network and deep sea port.
"The agreement is on a build, finance and transfer basis and MEC and IL&FS Group hold a shared vision of bringing coal to India," said MEC's Koneru.
Coal production in East Kalimantan accounts for over half of Indonesia's total coal output, forecast to reach around 230 million tonnes this year. Indonesia is the world's top exporter of thermal coal.
Source: Reuters / Yahoo
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Wednesday, 20 January 10
NALCO SEEKS CONSULTANT FOR $4 BILLION INDONESIAN SMELTER, PLANT
National Aluminium Co., India’s second-biggest producer of the metal, called for bids for a consultant on its proposed aluminum smelter and co ...
Wednesday, 20 January 10
NTPC PLANS TO SET UP ARM FOR ACQUIRING COAL ASSETS ABROAD
NTPC, the world’s second-largest independent power producer (IPP), plans to set up a new entity for acquiring coal assets abroad to secure fue ...
Wednesday, 20 January 10
CEMENT FIRMS TO BUY POWER PLANT COAL ASH
CEBU, Philippines - Cement companies in Cebu are interested to buy the coal ash that will be produced from the coal-fired power plant in Toledo City ...
Tuesday, 19 January 10
CHINA TO INCREASE THERMAL COAL IMPORTS - WEN
China's Premier Wen Jiabao said on Tuesday that China will appropriately increase imports of thermal coal to ease the country's power shortages.
...
Tuesday, 19 January 10
CESC TO BUY 100,000 MT OF INDONESIAN SUB BITUMINOUS COAL
COALspot.com (India): CESC, India’s one of the largest and oldest private power producer is expected to issue a closed tender any time this we ...
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- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
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- Wilmar Investment Holdings
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- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- The University of Queensland
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
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- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
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- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- VISA Power Limited - India
- Grasim Industreis Ltd - India
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
- GMR Energy Limited - India
- White Energy Company Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- CNBM International Corporation - China
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
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