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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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Thursday, 08 October 09
MINING TO ATTRACT $6B: BKPM
The Jakarta Post reported that, Indonesia’s mining sector could expect investment of up to US$6 billion in the 2010-2012 period, in part becau ...
Thursday, 08 October 09
INDIA DEMAND TO HELP DIRE COAL OUTLOOK - MACQUARIE
Reuters reported that, Macquarie Securities said on Wednesday its bearish short-term outlook on thermal coal may begin improving in a year's time o ...
Thursday, 08 October 09
ESSAR UNIT WINS INR 479 CR (US$ 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 ...
Wednesday, 07 October 09
ESSAR, JINDAL IN TAKEOVER TUSSLE FOR AUSTRALIAN COAL MINER
Reuters reported that, Privately owned Essar Group has launched a surprise A$144.2 million ($128.1 million) bid for Australian coal minnow Rocklands ...
Wednesday, 07 October 09
ADARO SECURES $500 M LOAN
The Jakarta Post reported that, The country's second largest coal producer, PT Adaro Energy announced on Wednesday that it has secured US$500 milli ...
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- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Africa Commodities Group - South Africa
- PTC India Limited - India
- Sical Logistics Limited - India
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- Minerals Council of Australia
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Parliament of New Zealand
- Central Java Power - Indonesia
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
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- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- ICICI Bank Limited - India
- Australian Coal Association
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- White Energy Company Limited
- Timah Investasi Mineral - Indoneisa
- Planning Commission, India
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Deloitte Consulting - India
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- Banpu Public Company Limited - Thailand
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
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