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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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Friday, 23 April 10
KPCL EYES MINE IN INDONESIA - BUSINESS STANDARD
Business-Standard reported that, Karnataka Power Corporation Ltd (KPCL), the state-owned power generator, is exploring the possibility of acquiring ...
Thursday, 22 April 10
INDONESIAN COAL PRICE REFERENCE FOR MARCH 2010 - US$ 86.64/T
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has begun publishing a monthly coal price reference (HBA) to be use ...
Thursday, 22 April 10
NEED TO IMPORT 82 MT COAL IN FISCAL - INDIA COAL MIN
Indian Express reported that, anxious to bridge the ever-widening gap between the rising demand for coal and its inadequate supply, the Coal Ministr ...
Thursday, 22 April 10
DRY CARGO DEMAND EXPECTED TO INCREASE, FAVORING HIGHER FREIGHT RATES
Increased dry bulk cargo demand is expected to become the norm in the coming weeks and months, according to analysts, which in turn should sustain f ...
Thursday, 22 April 10
INDIA'S BORL SEEKS TO BUY INDONESIAS LOW - SULFUR COAL
COALspot.com: Bharat Oman Refineries Ltd, a joint venture company (promoted by Bharat Petroleum Corporation Ltd, India and Oman Oil Company Lt ...
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- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- ICICI Bank Limited - India
- Economic Council, Georgia
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Posco Energy - South Korea
- Planning Commission, India
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- India Bulls Power Limited - India
- Antam Resourcindo - Indonesia
- Interocean Group of Companies - India
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Business Power Corporation, Philippines
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Minerals Council of Australia
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- SMC Global Power, Philippines
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