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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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Monday, 06 January 14
INDONESIAN COAL SWAPS SLIDE TO $ 61.25 FOR Q4' 14 DELIVERY
COALspot.com – Sub-Bit Indonesia coal swap (FOB) for average Q1’ 14 delivery lost $ 0.32 pmt month on month on Friday 3 January 2014. Th ...
Sunday, 05 January 14
API 8 CFR SOUTH CHINA COAL SWAP FOR Q3 DELIVERY CLOSED $ 80.05, A $ 0.90 LOWER THAN Q1 PRICE
COALspot.com : API 8 CFR South China Coal swaps for average Q1’ 14 delivery lost 1.40 percept day on day closed at US$ 80.95 per mt as o ...
Sunday, 05 January 14
CENTRAL BUREAU OF INVESTIGATION OF INDIA REGISTERS CASES IN CONNECTION WITH ALLEGED SUPPLY OF LOW QUALITY INDONESIAN COAL BY A PRIVATE COMPANY TO NTPC & NSPCL
COALspot.com: The Central Bureau of Investigation of India has registered two cases regarding alleged supply of low quality imported Indonesian coal ...
Saturday, 04 January 14
THE INDONESIAN GOVERNMENT TO DOWNSIZE ITS COAL PRODUCTION TARGET TO 400 MMT THIS YEAR
COALspot.com: Indonesia to downsize its coal production target to 400 million tons in 2014, lower than the production in 2013, which stood at 421 mi ...
Friday, 03 January 14
IN 2013 RBCT HAS, FOR THE FIRST TIME, EXPORTED MORE THAN 70 MILLION TONS OF COAL
COALspot.com: South Africa's Richards Bay coal terminal, the world’s largest single coal exporting terminal shipped 6.788 million tonnes of c ...
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- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Economic Council, Georgia
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- Bayan Resources Tbk. - Indonesia
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Indika Energy - Indonesia
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Madhucon Powers Ltd - India
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- MS Steel International - UAE
- Independent Power Producers Association of India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Australian Coal Association
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
- ICICI Bank Limited - India
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