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Tuesday, 20 October 09
INDIA MAY CUT STAKE IN NTPC BY DECEMBER, POWER SECRETARY SAYS
 Bloomberg reported that, India’s government may sell a 5 percent stake in NTPC Ltd., the country’s biggest power producer, as early as December to help fund spending on roads and education and rein in the fiscal deficit.
“We will do it by December or January,” Power Secretary H.S. Brahma said by telephone in New Delhi yesterday, after the Cabinet approved the plan to sell the stake in the state-owned utility. “We will take a decision on the timing of the sale in a few days.” Brahma is the top bureaucrat in the power ministry.
Prime Minister Manmohan Singh is taking advantage of an 80 percent gain in India’s benchmark stock index this year to sell stakes in state-owned companies. The government has raised about 42 billion rupees ($913 million) since April 1 by selling shares in NHPC Ltd. and Oil India Ltd. The NTPC sale may yield 88 billion rupees, according to Bloomberg calculations based on its Oct. 17 closing price that valued the New Delhi-based utility at $38 billion.
“This should help a little in narrowing India’s fiscal deficit,” Viswanathan Vasudevan, a Singapore-based fund manager at Aquarius Investment Advisors Pte., said by telephone today. “The government needs to continue with its theme of disinvestment since the deficit is quite large.”
India plans to borrow a record 4.41 trillion rupees in the year ending March 31, widening the budget deficit to a 16-year high of 6.8 percent of gross domestic product, from 6 percent in the previous year.
NTPC has climbed 18 percent in Mumbai trading this year, lagging behind the Bombay Stock Exchange’s Sensitive Index and a 90 percent surge in rival Tata Power Co. The stock fell 0.6 percent to 213.60 rupees on Oct. 17 when the market traded in a special truncated session on Diwali, the festival of lights that marks the start of the Hindu new year.
Government Equity
The government’s equity in NTPC will fall to 84.5 percent after the sale from 89.5 percent. Part of the shares will be offered to NTPC employees, Commerce and Industry Minister Anand Sharma said yesterday, without elaborating on the timing.
“It is expected that the market capitalization of NTPC would be higher and it would help the company to raise resources in the international market on competitive terms,” the government said in a statement after a meeting of the federal cabinet in New Delhi yesterday.
NTPC plans to spend 177 billion rupees to increase its generation capacity by about 10 percent in the financial year ending March 31. The utility said last month it was evaluating an offer to buy a South African coal mine and is considering a coal- mine purchase in Indonesia to help secure fuel supplies.
The government sold a 5 percent holding in NHPC to the public for 20 billion rupees in August, while state-run refiners bought 10 percent in Oil India from the state for about 22 billion rupees the following month.
India should aim to raise as much as 250 billion rupees a year from asset sales, the finance ministry said in a July 2 report. Proceeds from the sale of the government’s stake in state-owned companies go to a separate fund meant for social- sector spending, including job creation and improving health care and education.
Source:Bloomberg
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Monday, 10 January 11
COAL MONGOLIA IS INVITING YOU TO THE INTERNATIONAL COAL SECTOR INVESTORS CONFERENCE
COALspot.com - (Press Release) - The Coal Mongolian Conference will take place at Chinggis Hotel, in Ulaanbaatar on 24-25, Feb 2011. The coal bonanz ...
Monday, 10 January 11
DEWA SEEKS ADVICE ON COAL POWER PROJECT -THE NATIONAL
The Dubai utility company gets nine bids from international groups for consultancy role.
The National reported that, Dubai's utility company wil ...
Saturday, 08 January 11
COAL PRICE WILL RISE IN SHORT-TERM DUE TO AUSTRALIA FLOODS - ALBUQUERQUE EXPRESS
Albuquerque Express reported that, Queensland’s mining minister, Stephen Robertson, has warned that the Australian state’s coal mines wi ...
Saturday, 08 January 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 8.69 PERCENT IN JANUARY 2011
COALspot.com - Indonesia’s Ministry of Energy and Mineral Resources has set the January 2011 Indonesian Coal Reference Price for thermal ...
Saturday, 08 January 11
SUPRAMAX VESSELS WERE FIXED AT AROUND $ 9000 PD FOR A TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The holiday season affect combined with severe flooding in Queensland ports continues to keep the market and pressure. “Suprama ...
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- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Edison Trading Spa - Italy
- Parliament of New Zealand
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- Borneo Indobara - Indonesia
- The University of Queensland
- Trasteel International SA, Italy
- White Energy Company Limited
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
- Economic Council, Georgia
- PTC India Limited - India
- GMR Energy Limited - India
- Rashtriya Ispat Nigam Limited - India
- Sakthi Sugars Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
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