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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, 19 June 09
COAL FORUM TO MEET IN BALI NEXT WEEK
Bali will host next week a Southeast Asian forum on coal, involving coal producers, consumers and government representatives.
The Indonesian Ener ...
Friday, 19 June 09
KARNATAKA POWER CORP BEGINS BLENDING INDONESIAN COAL
BL reported that the State Government owned power utility Karnataka Power Corporation Limited has begun blending imported Indonesian coal for its th ...
Thursday, 18 June 09
COAL MINING HALTS AFTER DEADLY BLAST - (UPDATE 2)
All mining activists in Sawahlunto, West Sumatra, are at a standstill after a major underground explosion killed at least 31 miners and buried 12 ot ...
Thursday, 18 June 09
INDIA'S HINDALCO CLOSE TO BUYING AUSTRALIA COAL MINE
India's largest aluminium maker Hindalco Industries is close to acquiring a coal mine in Australia, for about $70-$80 million, The Economic Times r ...
Thursday, 18 June 09
GERMAN COAL BUYERS SEE LOWER IMPORTS, PRICES
* Coal imports and prices fall as steel industry slumps
* Coal industry grapples with carbon polluter image
German imports of hard coal are like ...
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- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Metalloyd Limited - United Kingdom
- MS Steel International - UAE
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- Gujarat Mineral Development Corp Ltd - India
- Uttam Galva Steels Limited - India
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- London Commodity Brokers - England
- The University of Queensland
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- GAC Shipping (India) Pvt Ltd
- Simpson Spence & Young - Indonesia
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- White Energy Company Limited
- Indika Energy - Indonesia
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
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