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Thursday, 23 August 12
EGCO GROUP EXPANDS TOWARDS INTEGRATED ENERGY BUSINESS WITH INVESTMENT IN INDONESIAS COAL MINE
 Electricity Generating Public Company Limited or EGCO Group, the Thailand’s first Independent Power Producer has continually invaded foreign markets with an aim to expand its business towards the integrated energy business. The company today announced the investment in a coal mine project through the acquisition of 40 percent ownership of interest in Manambang Muara Enim coal mine project (“MME”), worth $197 million.
Mr. Sahust Pratuknukul, President of EGCO Group stated that “On August 16, 2012, the company signed the Share Purchase Agreement to acquire 40% ownership of interest in the MME project, and will become partner of Indonesian company PT Alam Karya Nusantara. The total investment for this project is $197 million, which accounts for 5.98% of EGCO Group’s total assets.”
MME is open-pit coal mine located in Muara Enim Regency, South Sumatra in Republic of Indonesia with the concession license from the government of Republic of Indonesia for 28 years starting from March 2010 to March 2038. The operating area covers 1,587 hectares or 9,918 rais and 3 ngans. MME has been operated since March 2010.
“The investment is in line with EGCO Group's strategic plan to expand our business towards the integrated energy business to enhance the stability of fuel supply in the long run. Additionally, it will strengthen EGCO Group’s presence in Indonesia and we expect it should provide opportunities for growth in the future.” Mr. Sahust concluded.
About PT Alam Karya Nusantara:
PT Alam Karya Nusantara is Indonesian company that has established portfolio of coal mining concession in Indonesia. Starting 2010, it has been delivering coal to both domestic and export markets. Its South Sumatera coal concession is well positioned to serve growing coal markets such as China, India, Southeast Asia and other Asian countries.
Source: EGCO's website
About EGCO
The Electricity Generating Public Company Limited or EGCO is the first independent power producer in Thailand. EGCO was incorporated on May 12, 1992 by Electricity Generating Authority of Thailand (EGAT) which marked the commencement of the Thai government’s privatization initiatives to allow broader private sector investment in the power sector. EGCO was transformed into a public company on March 23, 1994 and was listed on the Stock Exchange of Thailand (SET) on January 16, 1995.
EGCO is a holding company with investment in power generation and supply as well as comprehensive energy services providing operation, maintenance, engineering and construction services to power plants and other industries in Thailand and overseas. Furthermore, the company also searches for other good opportunities for growth in the energy related to the core business.With the corporate philosophy to grow business over a long term, EGCO Group efficiently runs our electricity generating business while taking care of the environment and the society to maintain the balance between economics return and social and environment contribution which will lead to national sustainable development.
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Saturday, 11 August 12
SUB-BIT INDONESIA COAL SWAPS SEEN MOVING IN THE RIGHT DIRECTION
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for September 2012 delivery gain 1.29 percent W-o-W on Friday (10 August 2012) closing but lost 1 ...
Friday, 10 August 12
DRY BULK MARKET DROWNING FROM TONNAGE OVERSUPPLY - HELLENIC SHIPPING
The dry bulk market has been overflowing with new building vessels, despite the fact that demand is more or less (and minus the seasonal factors) ri ...
Thursday, 09 August 12
3RD ANNUAL SHALE GAS
Press Release - With the North American shale gas boom, IBC’s 3rd Annual Shale Gas explores optimal strategies to monetize Asia’s domest ...
Wednesday, 08 August 12
EXPLOITASI AIMS TO RAISE RP 2.7T FOR ACQUISITION - THE JAKARTA POST
The Jakarta Post reported that, publicly listed coal miner PT Exploitasi Energi Indonesia (CNKO) is seeking to raise Rp 2.7 trillion (US$286.2 milli ...
Tuesday, 07 August 12
2ND ANNUAL FLOATING TERMINALS
Press Release - After a ground breaking and successful launch in 2011, the 2nd Annual Floating Terminals conferenceis back to address innovation, co ...
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- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- Sree Jayajothi Cements Limited - India
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Eastern Energy - Thailand
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
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