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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, 12 May 12
THE SHIPPING MARKET IS UNLIKELY TO SEE A REBOUND ANYTIME SOON - VISTAAR SINGAPORE
COALspot.com - The BDI softened this week and it was down by 1.64 pct closing at 1,138 points.
The cape index was up by 2.41 pct closing at 1,61 ...
Friday, 11 May 12
POLITICAL CHANGES COULD LEAD TO TEMPORARY HALT IN SHIPPING INVESTMENTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The potential of changes of political leadership in many of the world’s leading economies could very well lead to significant shifts in the di ...
Thursday, 10 May 12
DRY BULK ERRATIC ON LACK OF DIRECTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept up its erratic behavior as it went down again during yesterday’s session, on a lack of direct guidance in terms o ...
Wednesday, 09 May 12
COAL INDIA SIGNS FSAS WITH 13 POWER UNITS SO FAR - PTI
Press Trust of India has reported that, coal India has so far entered into fuel supply pacts with 13 power units, including Reliance Power's Rosa P ...
Tuesday, 08 May 12
DRY BULK MARKET LOOKING FOR NEW DIRECTION THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the BDI (Baltic Dry Index) the main benchmark of the dry bulk shipping industry not traded at the start of this week, traders, charterers and s ...
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- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- Riau Bara Harum - Indonesia
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- MS Steel International - UAE
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Planning Commission, India
- Commonwealth Bank - Australia
- Heidelberg Cement - Germany
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- Aditya Birla Group - India
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
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