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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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Wednesday, 19 August 09
MMTC SCRAPS CONTROVERSIAL COAL TENDER
Most of NTPC’s coal-based projects don’t have sufficient stock of coal
State-owned trading firm MMTC Ltd has scrapped its controversi ...
Wednesday, 19 August 09
THE 3RD ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK 2009 WILL BE HELD IN CHINA IN SEPTEMBER 2009
COALspot.com (China): Due to the inversion of domestic and overseas coal price in China, China coal import increased dramatically and continuously. ...
Wednesday, 19 August 09
COAL INDIA PLANS SUBSIDIARY IN MOZAMBIQUE
Business Standard reported that, Coal India Ltd (CIL), which was awarded two exploratory coal blocks in Mozambique in March this year, has decided t ...
Tuesday, 18 August 09
INDIA PLANS 'SIMPLER' MINING LAW TO BOOST INVESTMENT
Bloomberg reported that, India aims to cut permit delays and attract overseas capital through “simpler” resource investment laws to help ...
Tuesday, 18 August 09
BANPU TO FOCUS ON CORE BUSINESS
Banpu, the country's leading energy firm, expects to conclude its four-year strategic plan next month, resulting in a strengthening of its core bus ...
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- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
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- Altura Mining Limited, Indonesia
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- Dalmia Cement Bharat India
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- Coal and Oil Company - UAE
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- Bulk Trading Sa - Switzerland
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- White Energy Company Limited
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- Price Waterhouse Coopers - Russia
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- Therma Luzon, Inc, Philippines
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- Trasteel International SA, Italy
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- Lanco Infratech Ltd - India
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Sical Logistics Limited - India
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- Mjunction Services Limited - India
- Minerals Council of Australia
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- Globalindo Alam Lestari - Indonesia
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- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
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- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Indian Energy Exchange, India
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- Parliament of New Zealand
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- Deloitte Consulting - India
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- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
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- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
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- Iligan Light & Power Inc, Philippines
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- Formosa Plastics Group - Taiwan
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- The University of Queensland
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- Leighton Contractors Pty Ltd - Australia
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Essar Steel Hazira Ltd - India
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
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- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
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- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
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- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Manunggal Multi Energi - Indonesia
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- Electricity Generating Authority of Thailand
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Mercator Lines Limited - India
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
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