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Friday, 20 August 10
POWER COS SEEK MINING PARTNERS TO BID FOR 1,920-MW PROJECT
 "A joint venture between the Maharashtra and Tamil Nadu governments for a pit-head power project, has been allotted the biggest coal block yet given for a project to be competitively bid", as reported by business-standard of India
The block, located in Raigarh district of Chhattisgarh, has reserves of 768 million tonnes. The coal block allotted for the Sasan ultra mega power project (in Madhya Pradesh) has around 750 mt. The miner-cum-power developer who would win the project will have to put up a 1,920 Mw power project. Half the power produced can be sold on a merchant basis, while the other half should be sold to Maharashtra and Tamil Nadu state electricity boards. The extra coal from this mine has to be diverted back to the joint venture company.
Industry sources say the high technical qualification norms might not allow many companies to qualify. Bidders should have at least three years experience in mining 10 million tonnes in the past three years, either in India or abroad. Bidders who have been selected to develop a coal mine with geological reserves of 250 mt are also qualified.
Some power companies like Reliance Power, Indiabulls have experience in developing coal mines, as a part of pit-head projects. But many companies will have to scout for coal mining partners to jointly bid for this project. “We are looking to partner with Indonesian coal mining companies,” said an official who is planning to bid for the project.
Analysts say Indian power companies have traditionally never engaged in coal mining and, hence, most of them lack experience. “Indian power companies normally get coal either from Indonesia, trading companies or Coal India. Most of them do not have any experience in mining. But a few players have started entering the field now, like JSW Energy or Reliance Power,” said Rupesh Sankhe, analyst, Angel Broking.
The project criterion also demands that the bidder should have either implemented or have under implementation projects with a capital cost of at least
Rs 10,000 crore or 2,000 Mw in the past seven years. Further, the company must have achieved financial closure of Rs 6,000 crore.
The project also has a unique financial requirement, that asks bidders to have Rs 400 crore in the form of fixed deposits, liquid mutual funds or fixed maturity plan investments. “These conditions are very tough. Other projects do not ask for these kind of conditions,” said another prospective bidder.
Analysts say while qualifications norms are tough, it is likely this project could generate a lot of interest, as the investment climate is very positive in the power sector. Many power companies have achieved financial closures of their projects and are ready to take on new commitments.
“Reliance Power has already achieved financial closures of two power projects, Lanco has tied-up for its near-term requirements, Tata Power has enough internal accruals, NTPC is sitting on a lot of cash; Adani Power has started operations in its Mundra power project,” said Sankhe.
Source: Business-Standard
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Thursday, 19 August 10
INDONESIA EXPORTED 5.93 MLN TON OF COAL TO CHINA AND 3.52 MLN TONS TO INDIA IN JULY
COALspot.com: Indonesia shipped 3.52 million tones of thermal coal to India in July, fell 25.39 percent compared to June's exports of 4.71 million ...
Thursday, 19 August 10
WBPDCL INDIA LAUNCHES SPOT COAL TENDER
COALspot.com: The West Bengal Power Development Corporation Limited (WBPDCL ), A Govt. of West Bengal Enterprise, has launched spot contract tender ...
Thursday, 19 August 10
PANAMAX BACKED BY A STRONGER SHORT PERIOD MARKET AND SUPPORTED BY SOME FRESH REQUIREMENTS - FEARNBULK
Handy
The events of this week have confirmed our assessment of last week i.e. activity gradually picked up in the Atlantic with more enquiry seen ...
Thursday, 19 August 10
CSC TO SHIP COAL FOR NOROCHCHOLAI POWER PLANT
Daily Mirror reported that, coal for the Norochcholai Power Plant will be shipped to the country by the Ceylon Shipping Corporation (CSC) officials ...
Wednesday, 18 August 10
MADHUCON TO START MINING AT SUMATRA BLOCK IN 2-3 MONTHS
DNA India reported that, Hyderabad-based Madhucon Projects is set to begin mining at one of its coal blocks in Indonesia in 2-3 months, said S Vaiku ...
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- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- Jaiprakash Power Ventures ltd
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- Bukit Makmur.PT - Indonesia
- Salva Resources Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- The University of Queensland
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
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