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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, 22 July 09
TAIPOWER RECEIVES 37 OFFERS IN TENDERS
State utility Taiwan Power has received offers for 37 panamax cargoes of bituminous and sub-bituminous coal in two tenders involving 12 panamax ship ...
Wednesday, 22 July 09
PRIME MINISTER APPROVAL SOUGHT TO HIKE COAL PRICES IN INDIA
PTI reported that decrying the low prices of the industrial fuel, the coal ministry will approach Dr Manmohan Singh PM of India next month for raisi ...
Tuesday, 21 July 09
BHATIA SAYS GETS ORDER FOR 800,000T COAL FROM KPCL
Reuters reported that, Indian traders Bhatia received on Tuesday a purchase order for 800,000 tonnes thermal coal at $63.00 C&F from Karnataka P ...
Tuesday, 21 July 09
NZ'S PIKE RIVER SAYS SELLS COAL AT $128 PER TONNE
Reuters reported that, New Zealand miner Pike River Coal said on Tuesday it had sold its premium hard coking coal at $128 a tonne for the curr ...
Tuesday, 21 July 09
NEWCASTLE COAL EXPORTS FALL 5%, SHIP QUEUE INCREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 5 per ...
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- Coal and Oil Company - UAE
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- Minerals Council of Australia
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- Semirara Mining Corp, Philippines
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- TeaM Sual Corporation - Philippines
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- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
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- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Metalloyd Limited - United Kingdom
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- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
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- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
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- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
- Vizag Seaport Private Limited - India
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- Marubeni Corporation - India
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- Alfred C Toepfer International GmbH - Germany
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- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- PTC India Limited - India
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
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- Thiess Contractors Indonesia
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- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
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- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- The University of Queensland
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- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
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- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
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- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
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- Larsen & Toubro Limited - India
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- Carbofer General Trading SA - India
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