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Tuesday, 13 October 09
JSW ENERGY SCOUTING FOR PARTNERS, ACQUISITIONS
Business-Standard reported that, JSW Energy is planning to become an integrated power company by bringing in a partner for its transmission business and in its proposed distribution business. The company has shortlisted three companies for the proposed partnership in transmission.
For its expansion plan, the company is planning to acquire coal mines abroad. It will invest Rs 14,048 crore over five years in power generation, transmission and mining. It plans to raise around Rs 3,000 crore through a public offer (IPO).
Pramod Menon, chief financial officer, JSW Energy, said, “The company’s main business is production, and going forward, we would like to become an integrated power company.”
JSW Energy has floated Jaigad Power Transco, a joint venture company floated with Maharashtra State Power Transmission. JSW Energy holds 74 per cent stake in the company, which bagged a Rs 580-crore order for a 169 km transmission line. To strengthen this business, the company plans to bring in a technology partner. “We are talking to three foreign companies for a potential technology tie-up. We will not dilute any stake and the partnership would be on a project-to-project basis.” The company is also planning to foray into power distribution business through the same model, said Menon.
On the power production business, he said the company planned to invest Rs 14,048 crore over five years. Of this, Rs 9,500 crore will be invested before March 2011. He said the company commissioned a 600 Mw power plant in Vijayanagar, Karnataka, and a 135 Mw plant in Barmer, Rajasthan. With the recent addition of 735 Mw, the company now has 995 Mw generating capacity.
JSW Energy’s power generation capacity is likely to go up to 3,140 Mw by April 2011 and 11,390 Mw by September 2015. The new plants will be in Karnataka, West Bengal, Jharkhand, Rajasthan, Maharashtra, Himachal Pradesh and Chhattisgarh.
On acquisition of coal mines, Menon said the company required six million tonnes of coal per annum. “To meet this demand, we are exploring the possibility of acquiring coal mines at Australia and Indonesia.” Due diligence is in process,” added Menon.
Source: Business-Standard
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Friday, 23 October 09
CIL PRICE HIKE LIKELY TO PUSH POWER RATES UP
Business-Standard reported that, May squeeze cement companies’ margins, but the steel sector is unlikely to be affected much.
The upward re ...
Thursday, 22 October 09
2ND UNITED INDONESIA CABINET UNVEILED
The Jakarta Post reported that, President Susilo Bambang Yudhoyono announced his second United Indonesia Cabinet on Wednesday night, comprising 34 m ...
Thursday, 22 October 09
PEABODY SET TO TAP ASIAN DEMAND FOR COAL
The Australian reported that, US coal giant Peabody Energy plans to double its Queensland and NSW coal exports in the next five years, as it looks t ...
Wednesday, 21 October 09
INDONESIA POWER FIRM SEEKS TO DEFER COAL SUPPLIES
Reuters reported that, Indonesia's state power firm is negotiating with two coal producers, including a unit of PT Bumi Resources Tbk, to defer a c ...
Wednesday, 21 October 09
MINING REGULATION GENERATES CONFUSION IN INDONESIA
The Jakarta Globe reported that, Mining industry representatives said on Friday they were confused by a recently issued regulation restricting the w ...
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- Neyveli Lignite Corporation Ltd, - India
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- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
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- Videocon Industries ltd - India
- India Bulls Power Limited - India
- London Commodity Brokers - England
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- Global Green Power PLC Corporation, Philippines
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- Ministry of Mines - Canada
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- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
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- Directorate Of Revenue Intelligence - India
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- Minerals Council of Australia
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- New Zealand Coal & Carbon
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- The State Trading Corporation of India Ltd
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- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
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- Goldman Sachs - Singapore
- ICICI Bank Limited - India
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- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
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- Siam City Cement - Thailand
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- Australian Coal Association
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- Attock Cement Pakistan Limited
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- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
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- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
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- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
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- White Energy Company Limited
- Global Business Power Corporation, Philippines
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- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
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- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
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- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
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- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
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- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
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- Sarangani Energy Corporation, Philippines
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- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
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- Standard Chartered Bank - UAE
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- Eastern Coal Council - USA
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- Parliament of New Zealand
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- Ministry of Transport, Egypt
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
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- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
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- Directorate General of MIneral and Coal - Indonesia
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- Karaikal Port Pvt Ltd - India
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