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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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Friday, 28 August 09
COAL MINE BUYERS DUST OFF THEIR CASH ( ANALYZED BY REUTERS)
* Coal asset buyers give up waiting for bargains
* Mining majors expected to buy not sell
* South Africa a target, Indonesia less so
By Jackie ...
Friday, 28 August 09
JSW MAY BUY AFRICAN MINE FOR US$ 350
The Economic Times Reported that, The Sajjan Jindal-owned JSW Group is in advanced talks to acquire a coal mine in Swaziland, Africa, at an estimate ...
Friday, 28 August 09
COAL INDIA ALLOWED TO IMPORT COKING COAL
The government Thursday allowed the state-owned Coal India to import coking coal and high grade ash thermal coal by acquiring coal properties abroad ...
Thursday, 27 August 09
CIL TO SPEND US$ 1 - 1.5 BN TO ACQUIRE ASSETS IN 4 COUNTRIES
Business Standard reported that, "Coal India is looking to spend $1-1.5 billion in acquiring mining assets in Australia, Indonesia, South Afric ...
Wednesday, 26 August 09
INDIA'S JSW TO DOUBLE JAIGARH PORT CAPACITY TO 20 MT
Sea Trade Asia reported that, JSW Jaigarh Port, a wholly owned subsidiary of JSW Infrastructure & Logistics, plans to double cargo handling capa ...
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- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- Grasim Industreis Ltd - India
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Wilmar Investment Holdings
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- Videocon Industries ltd - India
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
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