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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, 30 September 09
COKING COAL PRICES MAY TOUCH $200/TN IN 2010-11
Business Standard reported that, Driven by surge in imports of coking coal by China, growth in Japanese steel output and signs of recovery in the In ...
Wednesday, 30 September 09
PURNOMO BIDS 'GOODBYE' TO ENERGY MINISTRY
The Jakarta globe reported that, In what could be construed as a resignation speech from a government official — but perhaps wasn’t &mda ...
Tuesday, 29 September 09
MINING AND ENERGY DAY 2009
The Minister of Energy and Mineral Resources, Purnomo Yusgiantoro led the ceremony marking 2009 Mining and Energy Day celebrations, held at the Depa ...
Tuesday, 29 September 09
BUKIT ASAM REDUCES ITS SALES TARGET
Tempo Interactive reported that, PT Tambang Batubara Bukit Asam Tbk has decided to reduce its sales target this year from 14.5 million tons of coal ...
Monday, 28 September 09
INDONESIA UNLIKELY TO PASS NEW MINING RULES IN 2009
Reuters reported that, Indonesia is unlikely to complete final regulations attached to a new mining and coal law this year, an official said on Mond ...
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- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
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- SMC Global Power, Philippines
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- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
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- Port Waratah Coal Services - Australia
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- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
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- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Eastern Coal Council - USA
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- PTC India Limited - India
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
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