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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, 17 December 09
CIL TO IMPORT 4 MILLION TONNES COAL FOR NTPC
The country's largest coal miner Coal India Ltd (CIL) will import 4 million tonnes of coal for state-run power company NTPC.
"Earlier, ther ...
Wednesday, 16 December 09
COAL MARKETS 2010 CONFERENCE - PRESS RELEASE
COALspot.com (Singapore) Press Release – Back for the 8th year, Coal Markets 2010 will be taking place in Singapore on 28 – 29 Jan ...
Wednesday, 16 December 09
CHINA 2010 COAL TERM PRICES SEEN RISING 8% ON YEAR
Term prices of thermal coal for 2010 in China are expected to rise about 8 percent from this year's levels, as demand for power has been roaring ba ...
Wednesday, 16 December 09
KANGAROO RESOURCES TO ACQUIRE INDONESIAN COAL INTERESTS
Emerging coal producer Kangaroo Resources has significantly enhanced its production pipeline in Indonesia after reaching agreement to acquire a coki ...
Wednesday, 16 December 09
UAE'S RAS AL KHAIMAH TO INVEST $5.2B IN EAST KALIMANTAN PROJECT
Shrugging off neighbor Dubai’s debt problems, the smaller United Arab Emirate of Ras Al Khaimah announced on Tuesday that it would increase it ...
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Planning Commission, India
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Karbindo Abesyapradhi - Indoneisa
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- VISA Power Limited - India
- White Energy Company Limited
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Wilmar Investment Holdings
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- Semirara Mining Corp, Philippines
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Wood Mackenzie - Singapore
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
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