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Thursday, 01 April 10
TATA POWER EYES MORE COAL FROM INDONESIA FOR ITS FUTURE PLANTS - FINANCIAL EXPRESS
.jpg) Financial Expressreported that, Tata Power, one of the largest private sector power utilities in the country with interests in generation, transmission and distribution, is eyeing more feedstock from its Indonesian coal mines to fire its proposed thermal plants in India. Tata Power is planning to add 26,916 mw to generation capacity at its Haldia, Maithon and Mundra plants by 2013.
To feed its coal-fired plants, TPC had bought 30% in Kaltim Prima Coal (KPC) and PT Arutmin Indonesia (Arutmin), besides a trading company owned by PT Bumi Resources Tbk (Bumi Group) for a consideration of $1.1 billion a couple of years back. Tata Power has the rights to ship 11.7 million tonne per annum coal for its 4,000 mw Mundra ultra-mega power plant (UMPP), which is expected to be scaled up to 8,242 mw by 2013. Coal is the main feedstock for most of the UMPPs floated by the power utility.
Senior TPC officials told analysts that the company expects coal capacity at its Indonesian mines to rise from 60-75 mtpa to 100 mtpa in the near future. In 2009, the Indonesian assets produced 62.7 mt, with a realisation of $62 per tonne. TPC expects sales volume and realisation to remain firm from this asset, considering the recent uptick in coal prices.
The company recently won two captive coal blocks in India -- the Mandakini block in Orissa and the Tubed block in Jharkhand. The 7.5 mtpa Mandakini block is a three-way joint venture with Jindal Photo Films and Monet Ispat and Energy. All three partners have an equal share of 2.5 mtpa each in its output.
The Tubed block was allotted to Tatas with Hindalco as its partner. Hindalco will get 60% of the output, while 40% will go to the Tatas.
The Tata group has lined up Rs 23,600 crore for its power projects, of which Rs 55,000 crore will come from internal accruals and another Rs 18,000 crore as debt from domestic and foreign institutions. TPC has already tied up with IFC, ADB and K-Exim to fund the foreign currency part of the $3.2 billion debt of its $4.25 billion, 4,000 mw, coal-fired Mundra UMPP, which is slated to come up near Mundra Port in Gujarat.
Tata Power, along with rival Reliance Energy, is planning to add a whopping 22,477 mw of power to the national grid during the 11th Plan period (2007-12). This translates into 28% of the total 80,000 mw capacity-addition planned by the Centre during the 11th Plan period.
Source: Financial Express (By: P Vinod Kumar )
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Thursday, 25 March 10
THE INDIAN MARKET IS STILL FIRM - FEARNLEYS AS
Handy
A sluggish start to the week in the Atlantic with little fresh busin ...
Tuesday, 23 March 10
NINE COMPANIES WIN 20-YEAR COAL CONTRACTS - TEMPO
Tempo Interactive reported that, State Eletricity Company (Perusahaan Listrik Negara) revealed four joint ventures and one company winning coa ...
Monday, 22 March 10
INDONESIA`S MERUKH WINS US$3 BLN SWISS CONTRACT TO SUPPLY COAL - ANTARA
Antara Reported that, Indonesia's PT Merukh Enterprises said it has secured a 30-year contract to supply coal to Swiss buyer Glencore International ...
Monday, 22 March 10
INDIA TO IMPORT COLOMBIAN COAL FOR FIRST TIME AS DEMAND SURGES - BLOOMBERG
Bloomberg reported that, Adani Enterprises Ltd., India’s biggest coal importer, agreed to buy thermal coal from Colombia for the first t ...
Saturday, 20 March 10
NO MAJOR CHANGES ON SUPRAMAX MARKET FOR NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com: “The dry bulk freight market continued to be firm on the Panamax and Supramax and Handy size vessels”, said Capt. Reddy MD ...
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- Global Business Power Corporation, Philippines
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- Posco Energy - South Korea
- PTC India Limited - India
- Georgia Ports Authority, United States
- Parliament of New Zealand
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
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- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
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- The Treasury - Australian Government
- SMC Global Power, Philippines
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- Australian Commodity Traders Exchange
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- Ministry of Transport, Egypt
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- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
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- Africa Commodities Group - South Africa
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- Bangladesh Power Developement Board
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- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
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- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Finance - Indonesia
- White Energy Company Limited
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Sakthi Sugars Limited - India
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- OPG Power Generation Pvt Ltd - India
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
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