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Wednesday, 28 October 09
MIDDLE EAST COAL EYEING INDIAN POWER PLANTS IN EXCHANGE FOR LONG TERM COAL SUPPLY
Reuters reported that UAE's Middle East Coal is in talks to buy equity stakes in India's power plants in exchange for long term coal supply.
MEC is JV between UAE investment fund RAK Minerals & Metals Investments and UAE based mining company Trimex. RMMI won a license in March to build a 150 kilometers long rail link carrying coal from a mine in Indonesia's East Kalimantan province to a coal terminal.
Mr Madu Koneru VC of Middle East Coal said that "We are close to signing a contact with a number of Indian power plants who need to be supplied with coal over the coming 15 years, the deals will be finalized by the end of next month. India has one of the fastest growing economies and also has a shortage of power supply so that's why we have decided to go ahead with these deals."
The deals would help MEC find the USD 500 million in financing it needs for the project. MEC would start approaching institutions for funding once the deals were in place.
He said that RMMI plans to provide USD 100 million of the initial USD 600 million investment. Around USD 500 million will come from institutions such as the World Bank. The rest of the investment would come from additional partners that the company is now seeking.
Middle East Coal plans to start shipments of 3 to 5 million tonnes of thermal coal via road. Once the rail project is complete, shipments would rise to 17 million tonnes. MEC had raised its projections for how much coal it could ship as it had progressed with planning for the project. Earlier this year, the company said that it would ship 15 million tonnes of coal.
Sourced from Steel Guru
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Wednesday, 02 June 10
PLN TO DEVOUR 133 PERCENT MORE COAL IN NEXT FIVE YEARS
The Jakarta globe reported that, State electricity company PT Perusahaan Listrik Negara will more than double the amount of coal it uses over the ne ...
Tuesday, 01 June 10
LANCO INFRATECH PLANS POWER PROJECTS IN COASTAL REGIONS
My digital reported that, Hyderabad-based Lanco Infratech will set up power projects in coastal regions based on imported coal. The company is ...
Monday, 31 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE SHORTENS
Business week reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in powe ...
Saturday, 29 May 10
FREIGHT MARKET SEEMS TO BE STABILIZING - CAPT. REDDY
COALspot.com: The week was clearly for Cape which went up by almost 21 pct . The BDI was up only by 6 pct.
The other sectors were under pressure ...
Friday, 28 May 10
BERAU COAL GROUP SEEKS US$ 700 M LOAN
PT Bukit Mutiara has decided to revise down its bond issue from US$600 million to US$400 million. In total, it is seeking US$700 million of debt, co ...
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- Vizag Seaport Private Limited - India
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- Thai Mozambique Logistica
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- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- White Energy Company Limited
- Posco Energy - South Korea
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Global Coal Blending Company Limited - Australia
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- The University of Queensland
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Medco Energi Mining Internasional
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