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Saturday, 02 October 10
FOUR INDONESIAN COAL FIRMS KEEN TO TIE UP WITH NALCO - SIFY
 Sify reported that, Four Indonesian coal companies have shown interest to tie up with public sector National Aluminium Company (Nalco) for its 4 billion USD (Rs 18,000 crore) aluminium-cum-power plant complex in that country.
The four firms, which have responded to the Expression of Interest (EoI) bid floated by Nalco last month, are MEC Middle East, Bumi Resources, Energy Indonesia and Pram Dwi Jaya.
"We will go for technical evaluation of the bids before short-listing firms for invitation of commercial bid", BL Bagra, director (finance), Nalco told Business Standard. The process will take about a month, he added.
Nalco proposed to set up a 0.5 million MT aluminium smelter and 1250 MW coal based thermal captive power plant in East Kalimantan province in Indonesia. While the company intends to import approx. one million tonne of alumina annually from its facilities in India to feed the aluminium smelter, the coal for the captive power plant will be procured locally.
Nalco needed 8 - 10 million tonnes per annum of thermal grade coal, 4-5 MTPA of which was for its East Kalimantan project and the rest for its energy requirement elsewhere.
Hence, the company invited EoI bid from competent miners or concession holders for coal reserves in East Kalimantan province in Indonesia having coal mines in close proximity to seaport, fresh water source and other infrastructure facilities.
Nalco would be an equity partner in the coal mining operation, Bagra said, adding, after the scrutiny of technical and financial bids, talks will be held with the selected party in this regard. But the extent of shareholding will depend on the total volume of production from the mine, volume required by Nalco and the valuation of the asset.
The finalization of the JV partner will be followed up with preparation of detailed project report (DPR) for the venture. The JV agreement is a pre-curser to DPR as this will provide a clear picture on the cost to be borne towards procurement of coal and transportation.
With the debt equity ratio of the Rs 18,000 crore-project being pegged at 70: 30 and Nalco intent on having at least 50 per cent stake in it, the equity exposure of the company is estimated at around Rs 2,700 crore.
After the JV agreement and finalization of DPR, the company will seek the approval of its board and the government for equity investment and approach foreign financial institutions for financing the project. The debt component at Rs 12,400 crore being a sizeable amount, the company will seek international consortium financing, Bagra said.
Source: Sify
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Tuesday, 31 August 10
CIL MAY SET UP POWER PLANT TO UTILIZE EXCESS COAL
The Economic Times reported that, the world's largest coal producer Coal India Ltd (CIL) said it may consider setting up power plants in the countr ...
Tuesday, 31 August 10
NALCO SEEKS STAKES IN INDONESIAN COAL MINES
Economic Times reported that, National Aluminium Co. Ltd said on Tuesday it wants to buy stakes in Indonesian coal mines to secure supplies fo ...
Tuesday, 31 August 10
CAPESIZE RATES ON VOLATILE MOVEMENT
With Monday a holiday for London’s stockmarket (Bank Holiday), the dry bulk market took a breather before presenting ship owners and charterer ...
Monday, 30 August 10
MUNDRA PORT BEGINS OPERATIONS AT NEW TERMINAL IN GUJARAT
Economic Times reported that, Adani group firm Mundra Port has commenced operations at its 20-million tonnes port at Dahej in Gujarat, the company s ...
Monday, 30 August 10
DRY BULK MARKET STABILIZES, ALBEIT AT A FALLING NOTE
The dry bulk market’s leading benchmark, the Baltic Dry Index (BDI) ended the week at 2712 points, a marginal weekly loss of 1.6% or 44 points ...
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- South Luzon Thermal Energy Corporation
- Holcim Trading Pte Ltd - Singapore
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- London Commodity Brokers - England
- Eastern Coal Council - USA
- Marubeni Corporation - India
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- Meralco Power Generation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- Australian Coal Association
- Bharathi Cement Corporation - India
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- White Energy Company Limited
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
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