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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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Thursday, 21 January 10
MEC IN TALKS WITH TATA POWER ON COAL - TRADE
The UAE's Middle East Coal is in talks to supply coal to Tata Power, India's biggest private sector power firm, from its new Indonesian operations ...
Wednesday, 20 January 10
NALCO SEEKS CONSULTANT FOR $4 BILLION INDONESIAN SMELTER, PLANT
National Aluminium Co., India’s second-biggest producer of the metal, called for bids for a consultant on its proposed aluminum smelter and co ...
Wednesday, 20 January 10
NTPC PLANS TO SET UP ARM FOR ACQUIRING COAL ASSETS ABROAD
NTPC, the world’s second-largest independent power producer (IPP), plans to set up a new entity for acquiring coal assets abroad to secure fue ...
Wednesday, 20 January 10
CEMENT FIRMS TO BUY POWER PLANT COAL ASH
CEBU, Philippines - Cement companies in Cebu are interested to buy the coal ash that will be produced from the coal-fired power plant in Toledo City ...
Tuesday, 19 January 10
CHINA TO INCREASE THERMAL COAL IMPORTS - WEN
China's Premier Wen Jiabao said on Tuesday that China will appropriately increase imports of thermal coal to ease the country's power shortages.
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- Vizag Seaport Private Limited - India
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- Central Electricity Authority - India
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- Oldendorff Carriers - Singapore
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Sical Logistics Limited - India
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- Aditya Birla Group - India
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- Parliament of New Zealand
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- Georgia Ports Authority, United States
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- VISA Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- TNB Fuel Sdn Bhd - Malaysia
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