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Thursday, 26 December 13
COAL & OIL GROUP SECURES US$ 250 MILLION FUNDING FOR ITS 1200MW THERMAL POWER PLANT IN INDIA
 COALspot.com: Dubai-based Coal & Oil (C&O) Group has announced that it has secured additional funding of approximately Dhs. 1 billion (approximately US$250 million), to complete its 1200mw Independent Power Plant (IPP), presently under construction in Tuticorin, Tamilnadu, India.
According to Coal & Oil’s press release, developed in the Tuticorin District, Tamil Nadu, the Mutiara Thermal Power Plant aims to address the 5,000 mw power shortage in the state. The plant owes its development to Coastal Energen Pvt Ltd, the power generating Flagship Company of the Coal & Oil Group, and perhaps the region's second-largest private investor, with capital expenditures exceeding Dhs. 4.25 billion (approximately US$ 1.1 billion). The IPP will benefit from close proximity to both a major city (Tuticorin) and major port, as well as excellent road, rail and air connectivity. It is currently the first and only mega project that has commenced out of the 30 which were planned in the past 15 years.
Commenting on the immense potential of the project, Mr. Ahmed Buhari, Founder, President and CEO of the Coal and Oil Group, said, "India, and particularly, the state of Tamil Nadu, is currently facing severe power shortage. Our power project will be able to partly mitigate the hardships being faced by the state. In fact, we have committed to supplying a large part of our generation to the state grid."
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| Photo Courtesy: Coal & Oil, Dubai |
The first unit of the power plant is expected to be commissioned by Q3 2014, while the second unit may follow in 6 months. According to market information all India installed capacity has reached about 134,888 MW (coal based ) as of 31 October 2013.
Currently, the largest construction in the region, the Mutiara power plant has obtained Dhs. 3.25 billion (approximately US$ 884.811 million) in funding from a consortium of Indian banks led by the State Bank of India. This latest sanction will contribute to last mile funding and address cost escalation due to recent steep rupee devaluation, among other things. The power plant is slated for completion by June 2014.
Coal & Oil Group is a US$ 750 million Integrated Energy Company involved in various aspects of Energy supplies, including coal trading, mining, shipping, logistics and power generation. Established in Dubai in 1998, it is one of the largest suppliers of coal to India. Its maiden power project, through its subsidiary, Coastal Energen Pvt Ltd, is a logical extension of the company's core Energy Management.
Total tonnage of coal imported and supplied into India by Coal & Oil was about 9 million tons in 2013. Indonesian origin of 4200 GAR coal was dominating Coal & Oil’s imports in to India in 2013.
C&O plans to import 13-15 Million tons of coal into India during the fiscal year 2014-15. Coal & Oil's annual coal import will jump over 20 million per annum, once MTPP, the 1200 Mw power plant commenced its commercial operation by 2014.
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Wednesday, 08 January 14
SHIPPING: THE ABSOLUTE BOTTOM OF THE CYCLE WAS REACHED AND PASSED - GEORGE LAZARIDIS
COALspot.com: To many in the industry 2013 has been the turning point in the market where the absolute bottom of the cycle was reached and passed.
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Tuesday, 07 January 14
INDONESIA RAISES COAL PRICE THIS MONTH
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia has increased government declared coal bench mark price by US$ 1.59 / MT ...
Tuesday, 07 January 14
NEWCASTLE COAL TERMINAL'S COAL EXPORTS SLIDE TO 3.54 MMT W/E 30 DECEMBER 13
COALspot.com: In the week ended December 30, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 3.54 ...
Tuesday, 07 January 14
US COAL OUTPUT SLIDES 9 PCT WEEK ON WEEK, EIA SAYS
COALspot.com – United States the world’s second largest coal producer, produced approximately 17.8 million short tons (mmst) of coal in ...
Monday, 06 January 14
ARGUS LAUNCHES SPOT CFR EAST COAST INDIA COAL ASSESSMENTS
COALspot.com: Global energy and commodity news and price reporting agency Argus has announced today that, the company has launched CFR coal assessme ...
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- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
- Planning Commission, India
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- The University of Queensland
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Riau Bara Harum - Indonesia
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Parry Sugars Refinery, India
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- GMR Energy Limited - India
- Marubeni Corporation - India
- ASAPP Information Group - India
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- Carbofer General Trading SA - India
- VISA Power Limited - India
- Mjunction Services Limited - India
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Economic Council, Georgia
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Iligan Light & Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- Australian Coal Association
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- Ministry of Finance - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Agrawal Coal Company - India
- CNBM International Corporation - China
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
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