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Monday, 20 July 09
ADANI POWER LAUNCHES IPO, AIMS HIGHER CAPACITY
 Economic Times reported that, Adani Power Ltd, a power project development company, promoted by Adani Enterprise went for an initial public offering of 301,652,031 equity shares of Rs. 10 each for cash at a price to be decided through a 100 per cent book building process. The issue opens on July 28.
The company has not mentioned about the price band of the issue. According to a market grape vine it should be in the range of Rs.100-120. However, a company release says, the price band and the minimum bid will be decided by the company in consultation with the global coordinator and book running lead manager.
The global coordinator and book running lead manager for the issue is DSP Merrill Lynch. Other book running lead managers are Enam Securities, IDFC –SSKI, JM Financial Consultants, Kotak Mahindra Capital, Morgan Stanley India, ICICI Securities and SBI Capital.
The issue would constitute 13.84 per cent of the post issue paid-up equity share capital of the company. The issue includes a reservation of up to 8,000,000 equity shares for eligible employee.
The company has an installed combined capacity of 6,600 MW. Currently, Adani Power is working on the following projects:
1) Mundra Phase I and II with capacity of 1,320 MW.
2) Mundra Phase III with 1,320 MW, and
3) Mundra Phase IV with 1,980 MW
4) Tiroda Power Project,
which is being developed by company’s subsidiary Adani Power Maharashtra Ltd with 1.980 MW.
Out of total 6,600 MW capacity generation, majority (70%) is to be sold through PPP models in the states like Gujarat, Maharashtra and Haryana. The rest 30 per cent is to be sold as merchant power.
In addition, the company is also planning to develop two power projects with combined installed capacity of 3,300 MW through its subsidiaries.
All those four thermal power projects are under various states of development. While some are partly operational, the entire gamut is expected to be operational by 2012-13. The parent company Adani Enterprise is engaged in green field mining in Indonesia. It supports the power company to meet its coal requirement for thermal power projects partly.
“Out of 15 million tonnes coal required for its Mundra projects, 8/9 million tonnes are to be supplied from Indonesian venture. The rest coal requirement in addition to 7 million tonnes coal required for Tiroda power project are met through domestic linkages,” said Ameet H. Desai, Director, Adani Power.
The company intends to utilize the net proceeds of the issue of the issue to part finance the construction and dvelopement of Mundra Phase IV power project for 1,980 MW and fund equity contribution in i8ts subsidiary – Adani Power Maharashtra to part finance the construction and development cost of power project for 1,980 at Tiroda.
“We intend to achieve a target of 20,000 MW capacity by 2020 using all modes of power generation including thermal, hydro, solar and wind,” said Gautam Adani, chairman, Adani Enterprise and Adani Power.
Source: Economic Times
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Monday, 20 July 09
INDONESIA PRODUCES 72 MILLION MT IN FIRST HALF OF YEAR: OFFICIAL
Indonesia produced 72 million mt of coal in the first half of 2009, or 31.3% of the government’s target this year, a senior government officia ...
Sunday, 19 July 09
JINDAL S&P IN TALKS TO BUY SA COAL MINE FOR RS 350-400 CR (US$ 80 - 90 MILLION)
Economic Times reported that, Naveen Jindal-led Jindal Steel & Power (JSPL) is acquiring a thermal coal mine in South Africa, a top company exec ...
Saturday, 18 July 09
REN POWER CZ COMMISSIONS ANOTHER PHOTOVOLTAIC POWER STATION
COALspot.com (Press Release): REN Power CZ, a company in the Czech Coal Group, has put into operation another photovoltaic power station. The plant ...
Saturday, 18 July 09
THE FUTURE FOR SUPRAMAX FOR NEXT 3 YEARS TILL 2012 WOULD BE AROUND US$ 13,500 PER DAY - CAPT. REDDY
COALspot.com ( Singapore): The market moved up sharply this week , which was quite unexpected.
The BDI was up by 557 which is an increase of 18 ...
Friday, 17 July 09
CHINA COAL-SPOT PRICES EDGE LOWER, SUPPLY APLENTY
China Mining reported that, spot prices in China's top coal shipping port Qinhuangdao edged lower from a week earlier, as supply grew, offsetting t ...
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- The University of Queensland
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- Latin American Coal - Colombia
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- Parry Sugars Refinery, India
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Sical Logistics Limited - India
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Vedanta Resources Plc - India
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- Xindia Steels Limited - India
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
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