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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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Saturday, 12 September 09
$1.5B KALIMANTAN COAL RAIL TENDER EXPECTED BY YEAR-END
The Jakarta Globe reported that, In the second announcement on major coal-railway projects in as many days, Central Kalimantan’s top official ...
Friday, 11 September 09
INDONESIA COAL-PRICES AT $66, SUPPLIERS OFFER AT BARGAIN PRICES
Some Indonesian producers were rushing to sell coal at bargain prices to ease excess stocks and catch shipments before the Muslim Eid Al-Fitr festiv ...
Friday, 11 September 09
ALPHA NATURAL EXPECTS HIGHER MET, STEAM COAL PRICES IN 2010
Mining Weekly reported that, There are encouraging signs that metallurgical coal demand in most key global markets is either returning or poised to ...
Friday, 11 September 09
POWER SECTOR'S DEPENDENCE ON COAL TO CONTINUE
The power sector will continue to be largely dependant on coal-based thermal power plants to meet its energy needs for the next 15-20 years, Power S ...
Friday, 11 September 09
L&T EYES AUSSIE COAL MINE
Commodity Online reported that, Larsen and Toubro is in talks to buy a thermal coal mine in Australia for about $300 million. Thermal coal is used f ...
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- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Wilmar Investment Holdings
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Thai Mozambique Logistica
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Parry Sugars Refinery, India
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
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