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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, 17 July 09
THE NEW LAW OF MINERAL AND COAL MINING NO 4/2009 CREATE CONDUCIVE CLIMATE OF INVESTMENT IN INDONESIA
COALspot.com (Indonesia): The new Law of Mineral and Coal Mining No 4/2009, which replaces the old mining law No. 11/1967 has been signed by the Pre ...
Friday, 17 July 09
INDIA COAL TRADERS MUST OWN POWER, MINES - C&O BOSS
· Coal traders need to diversify to grow
· Coastal Energen to build first merchant power plant
· Tamil Nadu to see st ...
Friday, 17 July 09
CHINA SHENHUA ENERGY'S COAL OUTPUT SWELLS 17.6% IN H1
China Knowledge reported that, China Shenhua Energy Co Ltd, which is engaged in the coal mining, power generation and transportation businesses, on ...
Thursday, 16 July 09
CHINA ISSUES SECOND BATCH OF '09 EXPORT QUOTAS
China has issued 25 million tonnes of coal export quotas for the second batch this year, the National Development and Reform Commission said Wednesd ...
Thursday, 16 July 09
NTPC TO ENGAGE BANKERS TO ACQUIRE OVERSEAS COAL MINES
The Hindu reported that, State-run power generation company NTPC said it would appoint merchant bankers next month for acquiring coal mines identifi ...
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- Rashtriya Ispat Nigam Limited - India
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- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
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- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
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- India Bulls Power Limited - India
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- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
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- Tamil Nadu electricity Board
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- Africa Commodities Group - South Africa
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- Energy Development Corp, Philippines
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- Merrill Lynch Commodities Europe
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
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- Global Business Power Corporation, Philippines
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- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
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- White Energy Company Limited
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- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
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- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Standard Chartered Bank - UAE
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- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
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- Bhatia International Limited - India
- Indogreen Group - Indonesia
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- Commonwealth Bank - Australia
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- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
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- Coal and Oil Company - UAE
- Mercator Lines Limited - India
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- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
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- Videocon Industries ltd - India
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- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
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- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
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- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Planning Commission, India
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- Minerals Council of Australia
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- SMG Consultants - Indonesia
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- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
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- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
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- Cement Manufacturers Association - India
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- Bharathi Cement Corporation - India
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- AsiaOL BioFuels Corp., Philippines
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