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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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Monday, 19 October 09
CEMENT UNLIKELY TO COST MORE DESPITE COAL PRICE HIKE
Business-Standard reported that, Cement manufacturers will not immediately hike prices of the construction material, despite a surge in their input ...
Saturday, 17 October 09
US COAL MINERS LOOKING AT LOWER PROFITS
Most US coal miners are looking at sharply lower third-quarter earnings, but those that produce coal for steelmaking and export should enjoy higher ...
Friday, 16 October 09
INDONESIA EXPORTED 19,194,857 MT OF COAL IN SEPTEMBER 2009 - SOURCES
COALspot.com (Indonesia): Indonesia exported 19,194,857 MT of coal in September 2009. Out of total exported quantity, South Korea imported abou ...
Friday, 16 October 09
NAVIGATING THROUGH STORMY WATERS
To Theodore E Veniamis, the President of the Union of Greek Shipowners, the current turmoil in world shipping is due to the cyclical nature of marit ...
Friday, 16 October 09
COAL INDIA RAISES PRICE BY 11%
Trak reported that, State-owned Coal India Ltd (CIL) has raised the price of coal produced by its subsidiaries by an average of 11 percent effective ...
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- Interocean Group of Companies - India
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- Metalloyd Limited - United Kingdom
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- Toyota Tsusho Corporation, Japan
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- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
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- Electricity Authority, New Zealand
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- White Energy Company Limited
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- Parry Sugars Refinery, India
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- Parliament of New Zealand
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- IHS Mccloskey Coal Group - USA
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- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
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- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
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- Savvy Resources Ltd - HongKong
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
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- Bhatia International Limited - India
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- Australian Commodity Traders Exchange
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- International Coal Ventures Pvt Ltd - India
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Central Java Power - Indonesia
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Planning Commission, India
- Madhucon Powers Ltd - India
- OPG Power Generation Pvt Ltd - India
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- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
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- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- PTC India Limited - India
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
- Videocon Industries ltd - India
- Xindia Steels Limited - India
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- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
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- GMR Energy Limited - India
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
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- Vijayanagar Sugar Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
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- Borneo Indobara - Indonesia
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
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