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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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Tuesday, 14 July 09
NEWCASTLE WEEKLY COAL EXPORTS RISE 11%; SHIP QUEUE DECREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, gained 11 ...
Monday, 13 July 09
EXPORT COAL PRODUCTION FROM MOOIPLAATS COULD START IN NOVEMBER
Mining Weekly reported that, South Africa-focused emerging miner Coal of Africa (CoAL) has completed a revised mining layout for its Mooiplaats ...
Monday, 13 July 09
NAPOCOR AWARDS 195,000 T COAL TO INDONESIAN FIRMS
ABC-CBN News reported that, Philippine electricity producer National Power Corp (Napocor) has awarded 195,000 tons in coal supply contracts to two I ...
Monday, 13 July 09
PAKISTAN TO IMPORT ABOUT 2.4 MILLION TONS OF INDONESIAN COAL AND 1.6 MILLION TON OF SOUTH AFRICAN COAL WITHIN NEXT 12 MONTHS
COALspot.com (Pakistan) : Pakistan has exported well over 12 million tons of cement while local sales have dropped a bit with the result 33 million to ...
Monday, 13 July 09
COAL SECTOR IN VIETNAM INCREASE THE TARGET 43 MILLION TONNES THIS YEAR
Asian Mining Stock reported that, there was a change in a very good Coal Mining Industries Group (TKV) that Vietnam has decided to increase coa ...
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- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
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- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
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- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
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- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
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- Thai Mozambique Logistica
- VISA Power Limited - India
- White Energy Company Limited
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
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- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- Rashtriya Ispat Nigam Limited - India
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Central Electricity Authority - India
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- IEA Clean Coal Centre - UK
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- Independent Power Producers Association of India
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Xindia Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Planning Commission, India
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Australian Coal Association
- Heidelberg Cement - Germany
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