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Friday, 22 January 10
JSW ENERGY TO INVEST RS 4,500 CRORE IN COAL MINES ABROAD
The Sajjan Jindal-promoted JSW Energy is planning an investment of Rs 4,500 crore (US$ 978,260,869) to acquire coal mines abroad and another of Rs 10,000 crore (US$ 2,173,913,043) in West Bengal through a joint venture with group company JSW Bengal Steel.
The company’s board today approved the floating of an overseas subsidiary for the investment abroad. The company also announced a profit after tax of Rs 205 crore (US$ 44,565,217) for the quarter ended December 31, about 73 per cent more than the Rs 118.5 crore (US$ 25,760,869) net profit posted in the corresponding period last year. Total income for the period was Rs 712.4 crore (US$ 154,869,565), about the same as the corresponding period revenues of Rs 711 crore (US$ 154,565,217) last year.
The better performance was mainly on account of enhanced generation from capacity additions, sales and less fuel costs.
JSW Energy, which debuted on the stock exchanges in the first week of January, had earlier contracted coal from Indonesia to fuel its power projects.
The company will form a special purpose vehicle (SPV) with group company JSW Bengal Steel to set up a 1,600-Mw (2x800 Mw) power plant at Ichhapur in West Bengal.
JSW Energy will hold 74 per cent in the SPV and JSW Bengal Steel the balance 26 per cent. The SPV will develop the power project and captive coal mines in Ichhapur at an estimated cost of Rs 7,680 crore (US$ 1,669,565,217) and Rs 2,000 crore (US$ 434,782,608), respectively. The project is proposed to be financed with a debt equity ratio of 3:1. The steel producer will buy 51 per cent of the power produced from this unit and the rest will be up for sale, said the release.
Share prices of the company fell 2.33 per cent on the Bombay Stock Exchange today, to close at Rs 112.95 (US$ 2.45543) per share. (1 USD = 46.0000 INR)
Source: Business-Standard
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Friday, 15 January 10
ADARO INDONESIA STILL TOPS IN INDONESIAN COAL EXPORT RANKING
COALspot.com (Indonesia): PT. Adaro Indonesia, the world first Envirocoal producer and Indonesia's second largest thermal coal producer is top coal ...
Friday, 15 January 10
NTPC TO ADD 6,000 MW EACH YEAR IN 12TH PLAN
Will raise total generation capacity to 75,000 Mw by 2017, up from 30,644 Mw at present.
India's largest power generator NTPC, which will launch ...
Friday, 15 January 10
POSCO SAYS 2010 COKING COAL AGREEMENT MAY BE DELAYED - BLOOMBERG
Posco, South Korea’s biggest steelmaker, said an agreement on coking coal prices for this year may be delayed because major suppliers of the s ...
Friday, 15 January 10
CHINA POWER FIRMS SEEK COAL IMPORTS, SUPPLY SCARCE
China's coal-hungry power plants have turned to imported coal to cope with widespread shortages, but spot supply is scarce, traders said on Thursda ...
Thursday, 14 January 10
INDONESIA POWER REDUCES COAL SUPPLY
PT Indonesia Power will reduce coal supplies from PT Tambang Batu Bara Bukit Asam to its Suralaya Power Plant. "The coal supply for the plant s ...
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- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- Madhucon Powers Ltd - India
- European Bulk Services B.V. - Netherlands
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Altura Mining Limited, Indonesia
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Port Waratah Coal Services - Australia
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Thiess Contractors Indonesia
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Siam City Cement - Thailand
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- Leighton Contractors Pty Ltd - Australia
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Australian Coal Association
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- PTC India Limited - India
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Marubeni Corporation - India
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- Videocon Industries ltd - India
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- White Energy Company Limited
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
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