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Wednesday, 26 August 09
JSW ENERGY NEARS COAL-SUPPLY LINKAGE DEAL IN INDONESIA
Sajjan Jindal-owned JSW Energy is close to finalising a coal-supply linkage pact in Indonesia and is also exploring options of acquiring coal mines in South Africa and Australia, to secure coal supplies for its forthcoming power projects. The company is in the final stages of completing due diligence for a 50-million tonne coal linkage in Indonesia, according to a person close to the development.
JSW Energy has already identified a coal mine in South Africa and is in talks with Australian miners to tie-up fuel linkages for its proposed power plants and for JSW Steel. If the deals are finalised, JSW Energy would get additional coal linkage of 250 mt. Currently, JSW Energy has access to limited coal reserves in India and is largely dependant on imports. Besides making full-fledged acquisitions, JSW Energy is also in talks with the South African government for jointly developing coal mines.
When contacted, joint MD SS Rao said: “We are open to all available overseas options.” He declined to divulge further details as the company has filed a regulatory draft with the Sebi for its forthcoming IPO that aims to raise around Rs 3,000 crore. It has targeted to commission 3,140 mw by the end of 2010. “We may enter the capital market by the end of October , depending on the regulatory approval,” Mr Rao added.
JSW Energy will deploy the proceeds from IPO for developing identified generation and transmission projects, mining ventures and to service debt. It currently generates 560 mw of power from a plant in Karnataka and has 3,090 mw of generating capacity at various stages of implementation. The company has also entered into long-term power purchase agreements with the governments of Rajasthan and Maharashtra.
JSW Energy has plans to import 13 mt of coal for its upcoming power plants at Ratnagiri and Vijaynagar, Karnataka. The company has also secured coal supplies from a block in Orissa where it has a JV with Mahanadi Coalfields, where it would be able to procure around 90 mt in the long term.
Source: The Economic Times
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Tuesday, 01 September 09
THREE COAL INVESTMENTS AND A SECTOR ON FIRE
With recession fears fading into the past in Asia and growth increasingly back on track in the West, global energy demand is again surging. It's no ...
Tuesday, 01 September 09
GLOBAL COAL PRICES UNDER PRESSURE AS CHINESE PROVINCE RETURNS TO THE PRODUCTION FRAY - REUTERS
China is set to return to role of coal exporter as the deadline for thousands of small coal mines in its Shanxi province to reopen after being shut ...
Tuesday, 01 September 09
INDONESIA PLN SECURES 1.9 MILLION TONNES COAL FOR NEW POWER PLANT
Reuters reported that Indonesia's state electricity firm PT Perusahaan Listrik Negara has secured 1.9 million tonnes of sub bituminous coal per yea ...
Tuesday, 01 September 09
EXPORT OF COAL RAW MATERIAL SHOULD BE REDUCED - INDONESIAN OFFICIAL
Antara reported that, Coal producing companies should reduce the volume of their export of coal raw material and increase the volume of their finish ...
Tuesday, 01 September 09
NEWCASTLE WEEKLY COAL EXPORTS RISE 23%, SHIP QUEUE DECREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, rose 23 percent ...
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- Thiess Contractors Indonesia
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- Sindya Power Generating Company Private Ltd
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- Videocon Industries ltd - India
- Mercator Lines Limited - India
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- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- Planning Commission, India
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Latin American Coal - Colombia
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- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
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- Posco Energy - South Korea
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- Romanian Commodities Exchange
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- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- MS Steel International - UAE
- SMC Global Power, Philippines
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- ICICI Bank Limited - India
- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Renaissance Capital - South Africa
- Xindia Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
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- Port Waratah Coal Services - Australia
- Parliament of New Zealand
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- Bukit Asam (Persero) Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- Cigading International Bulk Terminal - Indonesia
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- Economic Council, Georgia
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
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- Sinarmas Energy and Mining - Indonesia
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- Rashtriya Ispat Nigam Limited - India
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- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
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- Vizag Seaport Private Limited - India
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- Central Java Power - Indonesia
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- Indogreen Group - Indonesia
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- Agrawal Coal Company - India
- Larsen & Toubro Limited - India
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- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
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- Kepco SPC Power Corporation, Philippines
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
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- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- Kideco Jaya Agung - Indonesia
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- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
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- Orica Australia Pty. Ltd.
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- Coalindo Energy - Indonesia
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- White Energy Company Limited
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- Global Business Power Corporation, Philippines
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- The Treasury - Australian Government
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Indian Energy Exchange, India
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- Tata Chemicals Ltd - India
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