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Thursday, 08 October 09
ESSAR UNIT WINS INR 479 CR (US$ 103,272,401) ORISSA PROJECT
The firm will develop and operate the terminal at Paradip port; the contract will stretch up to 30 years
Live Mint reported that, Essar Shipping Ports and Logistics Ltd has won a bid to develop and operate a Rs479 crore (US$ 103,272,401) coal handling terminal at the Union government-owned Paradip port in Orissa.
“We have received a letter from Paradip port conveying its intent to award the project to us,” said V. Ashok, a director at the Essar Group.
Paradip port chairman K. Raghuramaiah said the firm was the highest bidder in a public auction.
The contract for the coal-handling project, stretching up to 30 years, will be signed after the Orissa high court disposes of a petition filed by a company that was excluded from the bidding process.
“The case will come up for hearing any day,” Raghuramaiah said by phone from Paradip. Essar Shipping had quoted a revenue share price bid of 22% for the terminal with a capacity to handle 10 million tonnes of coal a year.
The firm will share that percentage of the revenue earned from operating the terminal with the port for each of the 30 years.
According to rules for auctioning port projects, the bidder willing to share the highest percentage from its annual operating gross revenues with the government-owned facility will win the rights to develop and operate the cargo-handling berths.
Essar Steel Ltd, another group company, is setting up an integrated 6 million tonne (mt) per annum steel plant just 3km from Paradip port. The first phase of the project is slated for completion by the first quarter of 2010. The coal terminal will help the company import a key raw material used for making steel.
Jindal Steel and Power Ltd, which did not qualify for bidding, challenged its exclusion in the Orissa high court, which stayed the auction process. Paradip port got the stay vacated by the Supreme Court, which also directed the Orissa high court to decide the case expeditiously.
“We are waiting for the court case to be sorted out before signing the contract,” Essar Shipping’s Ashok said.
Paradip is one of the 12 ports owned by the central government that together handle some 72% of India’s external trade shipped by sea. They handled 530mt of cargo in the year ended March. The new project is one among several planned by the government to raise cargo handling capacity at the dozen ports to 1,016mt by 2012 from the existing 567mt to overcome capacity bottlenecks.
Source: Live Mint
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Wednesday, 07 October 09
WORLD'S LEADING COAL-BASED PP PROJECT TO BEGIN TRIAL PRODUCTION NEXT YEAR IN NW CHINA
Xinhua Net reported that, a coal-based polypropylene (PP) production project in northwest China, believed to be the world's largest one, is to ...
Wednesday, 07 October 09
INDIA SAIL TO IMPORT 10-11 MLN T COAL IN FY10 - EXEC
Reuters reported that, Steel Authority of India Ltd plans to import 10-11 million tonnes of coal in the current year to March, below last year's 13 ...
Wednesday, 07 October 09
DOMESTIC SHIPPING FIRMS READY FOR NEW RULES ON COAL, INDUSTRY GROUP SAYS
The Jakarta Globe reported that, The domestic coal-shipping sector is ready for the introduction of shipping regulations requiring all power station ...
Wednesday, 07 October 09
CHINESE BANK MAY PULL OUT OF SUMATRA COAL RAILWAY
The Jakarta Globe reported that, The Export-Import Bank of China may pull out of a $1.28 billion South Sumatra coal-railway project with state-owned ...
Wednesday, 07 October 09
COAL INDIA LOOKS AT LONG-TERM PRICE CONTRACTS
Economic Times reported that, Coal India is looking at long-term price contracts, of at least three-four year periods, with foreign entities, 54 of ...
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- Therma Luzon, Inc, Philippines
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- Orica Australia Pty. Ltd.
- MS Steel International - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Sojitz Corporation - Japan
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Aditya Birla Group - India
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- Rashtriya Ispat Nigam Limited - India
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Australian Coal Association
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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