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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, 15 July 09
INDONESIAN FIRM SUBMITS LOWEST BID FOR NAPOCOR COAL
ABS-CBN News reported that, An Indonesian firm offered to supply 195,000 tons of thermal coal to top Philippine electricity producer National Power ...
Wednesday, 15 July 09
INDIAN COAL MINISTRY TO CONSIDER POWER PLANT ALTERATION PROPOSALS
PTI reported that the coal ministry has agreed to consider applications of power plants seeking long term coal linkage due to enhancement in electri ...
Wednesday, 15 July 09
SHENHUA STARTS WORK ON INDONESIA POWER PLANT
Bloomberg reported that China Shenhua Guohau Power a unit of China’s biggest coal producer started construction of a power plant and mine in I ...
Wednesday, 15 July 09
PLN OPENS TENDERS FOR SUPPLY OF LOW - GRADE COAL
The Jakarta Globe, a Indonesian new paper reported that, State power utility PT PLN has opened a tender for the supply of low-grade coal for the nat ...
Tuesday, 14 July 09
MMTC SAYS MAY RE-TENDER FOR 12.5 MLN T COAL
* KIS has demanded investigation into procurement
* MMTC says import delays could add to power shortages
Alibaba reported that, India's s ...
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- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- Independent Power Producers Association of India
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- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
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- Standard Chartered Bank - UAE
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- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Planning Commission, India
- Indonesian Coal Mining Association
- The University of Queensland
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- Vizag Seaport Private Limited - India
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- Mercator Lines Limited - India
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- San Jose City I Power Corp, Philippines
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- Ambuja Cements Ltd - India
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- White Energy Company Limited
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- Alfred C Toepfer International GmbH - Germany
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- Energy Link Ltd, New Zealand
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- Samtan Co., Ltd - South Korea
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- Lanco Infratech Ltd - India
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- Australian Coal Association
- Jindal Steel & Power Ltd - India
- Intertek Mineral Services - Indonesia
- New Zealand Coal & Carbon
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- GAC Shipping (India) Pvt Ltd
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- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
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- Formosa Plastics Group - Taiwan
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- Sojitz Corporation - Japan
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
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- AsiaOL BioFuels Corp., Philippines
- Coal and Oil Company - UAE
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- Economic Council, Georgia
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- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- Aditya Birla Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
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- Kobexindo Tractors - Indoneisa
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- Antam Resourcindo - Indonesia
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- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
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- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Meenaskhi Energy Private Limited - India
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Baramulti Group, Indonesia
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- McConnell Dowell - Australia
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- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
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- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
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- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- PTC India Limited - India
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- MS Steel International - UAE
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