COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Wednesday, 23 June 10
PTC'S INDONESIAN COAL-MINING FORAY-I: TO INVEST USD 69 MILLION VIA OVERSEAS SPV


Moving ahead with its plans to acquire coal assets abroad, the power trading major, PTC India Limited, has decided to invest a total of USD 69 million, equivalent to Rs 324.30 crore, for acquiring five Indonesian coal mines, namely PT Kaltim Global, PT Elelktra Global, PT Pacific Global Utama, PT Kertawira and PT Dongin. Out of the total, USD 53.08 million will be infused by PTC as equity for obtaining financial closure for the five projects, while a sum of USD 15.40 million has been earmarked as capital expenditure.

In order to avoid direct risk to its own financials, PTC is likely to soon float an overseas subsidiary, or special purpose vehicle (SPV), in Singapore, to make this investment. This subsidiary will acquire the PT Kertawira Sera Lestari and PT Dongin outright, as per the terms and conditions of the term sheet, signed by PTC with the respective mine-owners. Further, the subsidiary will participate in the equity of the remaining three coal mines as a 50:50 joint venture partner. The subsidiary firm will also explore further investment opportunities and undertake other imported coal-related businesses, including trade of foreign coal.

Pertinently, PTC plans to buy coal mines in mineral rich Indonesia mainly to supply fuel to domestic power projects, with which PTC has power purchase agreements, while the balance coal will be retained by the firm for sale to other coal-consuming entities. The firm is already supplying imported coal to various utilities, apart from facilitating development of power generation in the country by mobilizing funds to the project developers in the form of equity in projects through its subsidiary, PTC India Financial Services. The utility has also joined a global consortium led by Morgan Stanley Infrastructure Partners, for funding Indian power projects of Asian Genco, and has already launched the Indian Energy Infrastructure Fund, in joint venture with the London-based Ashmore Group Plc, to support its power project funding endeavor.
Source: Prospering Indian Power Sector



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Tuesday, 13 July 10
FURTHER LOSSES FOR BALTIC DRY INDEX ON HIGH VESSEL SUPPLY
The dry bulk market can’t catch a breath, as it has now entered the 7th straight week of losses. The industry’s benchmark, the Baltic Dr ...


Sunday, 11 July 10
OVERALL NO OR NEGLIGIBLE IMPACT IN ARUTMIN MINE - BUMI
COALspot.com: Bumi denies the media reports on an impact of unusually rains on coal production in BUMI mines. "Arutmin is being impacted by ...


Saturday, 10 July 10
FREIGHT MARKET SITUATION MAY CONTINUE FOR NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com: The market continued to soften further with the cape and panamax index down by about 20 pct and closed at 2,102 and 1,944 points respe ...


Saturday, 10 July 10
STC OF INDIA TO ASSOCIATE WITH FUEL SUPPLIERS
COALspot.com: State Trading corporation of India, which is under  Ministry of Commerce, has invited Expression of Interest from coal suppliers ...


Saturday, 10 July 10
SCOMI TO SELL STAKE IN INDONESIA OPS - THE STAR
The star online reported that, Scomi Marine Bhd will sell a stake in its marine logistics business in Indonesia to a large Indonesian company to dea ...


   1145 1146 1147 1148 1149   
Showing 5731 to 5735 news of total 6871
News by Category
Popular News
 
Total Members : 28,618
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Asmin Koalindo Tuhup - Indonesia
  • ETA - Dubai
  • Noble Europe Ltd - UK
  • Ceylon Electricity Board - Sri Lanka
  • TGV SRAAC LIMITED, India
  • Marubeni Corporation - India
  • Thriveni
  • Toyota Tsusho Corporation, Japan
  • Madhucon Powers Ltd - India
  • Inspectorate - India
  • Mercator Lines Limited - India
  • Agrawal Coal Company - India
  • Total Coal South Africa
  • Iligan Light & Power Inc, Philippines
  • Sojitz Corporation - Japan
  • Eastern Energy - Thailand
  • PNOC Exploration Corporation - Philippines
  • Antam Resourcindo - Indonesia
  • Thai Mozambique Logistica
  • Central Java Power - Indonesia
  • Orica Australia Pty. Ltd.
  • Riau Bara Harum - Indonesia
  • Grasim Industreis Ltd - India
  • Coal and Oil Company - UAE
  • CCIC - Indonesia
  • Cardiff University - UK
  • Surastha Cement
  • SMG Consultants - Indonesia
  • Edison Trading Spa - Italy
  • Uttam Galva Steels Limited - India
  • Adaro Indonesia
  • HSBC - Hong Kong
  • Interocean Group of Companies - India
  • Glencore India Pvt. Ltd
  • Indogreen Group - Indonesia
  • MEC Coal - Indonesia
  • Altura Mining Limited, Indonesia
  • Infraline Energy - India
  • Cigading International Bulk Terminal - Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Petrosea - Indonesia
  • Lanco Infratech Ltd - India
  • Mercuria Energy - Indonesia
  • Sindya Power Generating Company Private Ltd
  • South Luzon Thermal Energy Corporation
  • Simpson Spence & Young - Indonesia
  • Idemitsu - Japan
  • White Energy Company Limited
  • Directorate Of Revenue Intelligence - India
  • Mjunction Services Limited - India
  • Jaiprakash Power Ventures ltd
  • Thomson Reuters GRC
  • Metalloyd Limited - United Kingdom
  • World Bank
  • Indian School of Mines
  • UOB Asia (HK) Ltd
  • Kohat Cement Company Ltd. - Pakistan
  • Planning Commission, India
  • Bulk Trading Sa - Switzerland
  • Mitra SK Pvt Ltd - India
  • Baramulti Group, Indonesia
  • SGS (Thailand) Limited
  • Latin American Coal - Colombia
  • Indorama - Singapore
  • Cosco
  • RBS Sempra - UK
  • GAC Shipping (India) Pvt Ltd
  • Coal India Limited
  • ACC Limited - India
  • ANZ Bank - Australia
  • SRK Consulting
  • Economic Council, Georgia
  • Xindia Steels Limited - India
  • bp singapore
  • Singapore Mercantile Exchange
  • Sakthi Sugars Limited - India
  • Borneo Indobara - Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • Ministry of Mines - Canada
  • PLN - Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • Goldman Sachs - Singapore
  • Africa Commodities Group - South Africa
  • Shenhua Group - China
  • LBH Netherlands Bv - Netherlands
  • London Commodity Brokers - England
  • Bayan Resources Tbk. - Indonesia
  • TANGEDCO India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Bhoruka Overseas - Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • Samsung - South Korea
  • AsiaOL BioFuels Corp., Philippines
  • Bukit Makmur.PT - Indonesia
  • Shree Cement - India
  • TeaM Sual Corporation - Philippines
  • Kaltim Prima Coal - Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • Deutsche Bank - India
  • Indian Energy Exchange, India
  • International Coal Ventures Pvt Ltd - India
  • Timah Investasi Mineral - Indoneisa
  • Ministry of Transport, Egypt
  • San Jose City I Power Corp, Philippines
  • Minerals Council of Australia
  • Mitsui
  • JPower - Japan
  • Indian Oil Corporation Limited
  • Reliance Power - India
  • globalCOAL - UK
  • The India Cements Ltd
  • TNPL - India
  • Tata Power - India
  • Heidelberg Cement - Germany
  • Vale Mozambique
  • Australian Coal Association
  • The State Trading Corporation of India Ltd
  • Ernst & Young Pvt. Ltd.
  • Globalindo Alam Lestari - Indonesia
  • Global Business Power Corporation, Philippines
  • Essar Steel Hazira Ltd - India
  • Cargill India Pvt Ltd
  • Maheswari Brothers Coal Limited - India
  • Arutmin Indonesia
  • Straits Asia Resources Limited - Singapore
  • Chamber of Mines of South Africa
  • Lafarge - France
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Independent Power Producers Association of India
  • Arch Coal - USA
  • Semirara Mining and Power Corporation, Philippines
  • SN Aboitiz Power Inc, Philippines
  • Formosa Plastics Group - Taiwan
  • Eastern Coal Council - USA
  • Coeclerici Indonesia
  • Pendopo Energi Batubara - Indonesia
  • Pipit Mutiara Jaya. PT, Indonesia
  • Electricity Authority, New Zealand
  • Kobe Steel Ltd - Japan
  • Neyveli Lignite Corporation Ltd, - India
  • Enel Italy
  • PowerSource Philippines DevCo
  • CoalTek, United States
  • Rashtriya Ispat Nigam Limited - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Power Finance Corporation Ltd., India
  • Credit Suisse - India
  • The Treasury - Australian Government
  • Pinang Coal Indonesia
  • Maersk Broker
  • India Bulls Power Limited - India
  • Star Paper Mills Limited - India
  • Barasentosa Lestari - Indonesia
  • IOL Indonesia
  • Bank of China, Malaysia
  • Siam City Cement PLC, Thailand
  • Tanito Harum - Indonesia
  • EIA - United States
  • Mintek Dendrill Indonesia
  • Videocon Industries ltd - India
  • Bangkok Bank PCL
  • Cement Manufacturers Association - India
  • Rudhra Energy - India
  • Malabar Cements Ltd - India
  • Ambuja Cements Ltd - India
  • KPCL - India
  • Manunggal Multi Energi - Indonesia
  • KEPCO - South Korea
  • Billiton Holdings Pty Ltd - Australia
  • Indonesian Coal Mining Association
  • Core Mineral Indonesia
  • IHS Mccloskey Coal Group - USA
  • Platou - Singapore
  • Wilmar Investment Holdings
  • Bhushan Steel Limited - India
  • WorleyParsons
  • SMC Global Power, Philippines
  • Makarim & Taira - Indonesia
  • Vizag Seaport Private Limited - India
  • Sree Jayajothi Cements Limited - India
  • Price Waterhouse Coopers - Russia
  • Qatrana Cement - Jordan
  • Tata Chemicals Ltd - India
  • Binh Thuan Hamico - Vietnam
  • Japan Coal Energy Center
  • Aboitiz Power Corporation - Philippines
  • Larsen & Toubro Limited - India
  • Merrill Lynch Commodities Europe
  • Wood Mackenzie - Singapore
  • Posco Energy - South Korea
  • Rio Tinto Coal - Australia
  • Port Waratah Coal Services - Australia
  • Indo Tambangraya Megah - Indonesia
  • Vitol - Bahrain
  • Sucofindo - Indonesia
  • Karaikal Port Pvt Ltd - India
  • Energy Link Ltd, New Zealand
  • Holcim Trading Pte Ltd - Singapore
  • DBS Bank - Singapore
  • J M Baxi & Co - India
  • Peabody Energy - USA
  • Meralco Power Generation, Philippines
  • Indonesia Power. PT
  • Bhatia International Limited - India
  • Therma Luzon, Inc, Philippines
  • GN Power Mariveles Coal Plant, Philippines
  • Gujarat Electricity Regulatory Commission - India
  • Leighton Contractors Pty Ltd - Australia
  • Adani Power Ltd - India
  • ASAPP Information Group - India
  • Renaissance Capital - South Africa
  • Dalmia Cement Bharat India
  • World Coal - UK
  • Barclays Capital - USA
  • SUEK AG - Indonesia
  • Savvy Resources Ltd - HongKong
  • Permata Bank - Indonesia
  • Banpu Public Company Limited - Thailand
  • Bukit Baiduri Energy - Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • McConnell Dowell - Australia
  • Maybank - Singapore
  • Runge Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • Romanian Commodities Exchange
  • Tamil Nadu electricity Board
  • Bukit Asam (Persero) Tbk - Indonesia
  • The University of Queensland
  • Coastal Gujarat Power Limited - India
  • Semirara Mining Corp, Philippines
  • APGENCO India
  • Freeport Indonesia
  • Medco Energi Mining Internasional
  • Kepco SPC Power Corporation, Philippines
  • GNFC Limited - India
  • ING Bank NV - Singapore
  • Asian Development Bank
  • Platts
  • Merrill Lynch Bank
  • New Zealand Coal & Carbon
  • Aditya Birla Group - India
  • Coalindo Energy - Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • Jorong Barutama Greston.PT - Indonesia
  • Samtan Co., Ltd - South Korea
  • Siam City Cement - Thailand
  • Ince & co LLP
  • Global Coal Blending Company Limited - Australia
  • CNBM International Corporation - China
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Vijayanagar Sugar Pvt Ltd - India
  • Ministry of Finance - Indonesia
  • GMR Energy Limited - India
  • ICICI Bank Limited - India
  • OCBC - Singapore
  • BNP Paribas - Singapore
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Argus Media - Singapore
  • Vedanta Resources Plc - India
  • European Bulk Services B.V. - Netherlands
  • Coaltrans Conferences
  • Mechel - Russia
  • Malco - India
  • U S Energy Resources
  • Petron Corporation, Philippines
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • TRAFIGURA, South Korea
  • Kumho Petrochemical, South Korea
  • Asia Cement - Taiwan
  • KOWEPO - South Korea
  • Thailand Anthracite
  • NALCO India
  • Panama Canal Authority
  • Bank of America
  • EMO - The Netherlands
  • Xstrata Coal
  • GHCL Limited - India
  • Electricity Generating Authority of Thailand
  • CESC Limited - India
  • Inco-Indonesia
  • Parry Sugars Refinery, India
  • Cemex - Philippines
  • MS Steel International - UAE
  • Oldendorff Carriers - Singapore
  • TNB Fuel Sdn Bhd - Malaysia
  • Australian Commodity Traders Exchange
  • Energy Development Corp, Philippines
  • Salva Resources Pvt Ltd - India
  • Humpuss - Indonesia
  • PetroVietnam
  • Gresik Semen - Indonesia
  • Fearnleys - India
  • IMC Shipping - Singapore
  • CIMB Investment Bank - Malaysia
  • IBC Asia (S) Pte Ltd
  • Thiess Contractors Indonesia
  • Intertek Mineral Services - Indonesia
  • Clarksons - UK
  • Bangladesh Power Developement Board
  • Trasteel International SA, Italy
  • BRS Brokers - Singapore
  • Sical Logistics Limited - India
  • Bharathi Cement Corporation - India
  • Parliament of New Zealand
  • Global Green Power PLC Corporation, Philippines
  • SASOL - South Africa
  • Thermax Limited - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Moodys - Singapore
  • Britmindo - Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • GVK Power & Infra Limited - India
  • Mitsubishi Corporation
  • Jatenergy - Australia
  • Standard Chartered Bank - UAE
  • OPG Power Generation Pvt Ltd - India
  • Jindal Steel & Power Ltd - India
  • Berau Coal - Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • Chettinad Cement Corporation Ltd - India
  • PLN Batubara - Indonesia
  • Commonwealth Bank - Australia
  • Sarangani Energy Corporation, Philippines
  • KPMG - USA
  • Directorate General of MIneral and Coal - Indonesia
  • McKinsey & Co - India
  • GB Group - China
  • Central Electricity Authority - India
  • Maharashtra Electricity Regulatory Commission - India
  • Kideco Jaya Agung - Indonesia
  • Kartika Selabumi Mining - Indonesia
  • Anglo American - United Kingdom
  • NTPC Limited - India
  • Russian Coal LLC
  • IEA Clean Coal Centre - UK
  • UBS Singapore
  • Meenaskhi Energy Private Limited - India
  • Gupta Coal India Ltd
  • VISA Power Limited - India
  • PTC India Limited - India
  • Carbofer General Trading SA - India
  • Ind-Barath Power Infra Limited - India
  • Attock Cement Pakistan Limited
  • Georgia Ports Authority, United States
  • Gujarat Sidhee Cement - India
  • JPMorgan - India
  • Geoservices-GeoAssay Lab
  • Deloitte Consulting - India
  • Coal Orbis AG
  • Orica Mining Services - Indonesia
  • Cebu Energy, Philippines
  • Kalimantan Lumbung Energi - Indonesia
  • Indika Energy - Indonesia
  • Maruti Cements - India
  • Kobexindo Tractors - Indoneisa