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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, 15 October 09
GOVT TO CAP COAL EXPORTS AT 150 MILLION TONS A YEAR
The Jakarta Post reported that, The government plans to cap coal exports at around 150 million tons a year in a bid to guarantee supply for domestic ...
Thursday, 15 October 09
AUSTRALIAN MINING COMPANIES REPORTED FINDING 1.5 BILLION COAL MINE DEPOSIT IN MOZAMBIQUE
Paguntaka reported that, Mozambique is a country that has the potential mining areas are very rich. Many mining companies who want to invest in the ...
Wednesday, 14 October 09
INDONESIA POWER FIRM SIGNS LOAN AGREEMENTS FOR OVER $1 BLN
Reuters reported that, Indonesia's state electricity firm PT Perusahaan Listrik Negara (PLN) has raised more than $1 billion from a group of banks ...
Wednesday, 14 October 09
LARSEN & TOUBRO MAY ENTER POWER GENERATION BUSINESS IN INDIA
Bloomberg reported that, Larsen & Toubro Ltd., India’s biggest engineering company, said it is considering entering the power generation b ...
Wednesday, 14 October 09
INDONESIA MULLS TO LIMIT COAL EXPORT
China View reported that, The Indonesian government planned to limit coal export of up to 150 million tons per year due to the growing coal demand i ...
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- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Dalmia Cement Bharat India
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
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