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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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Tuesday, 05 January 10
WINTER WEATHER SPIKES COAL PRICES - CHINA UPDATE
Cold weather is driving coal prices higher and will lend the advantage in annual negotiations to suppliers, analysts said, predicting that the risin ...
Monday, 04 January 10
TOKYO ELECTRIC SEALS XSTRATA COAL DEAL
Tokyo Electric Power Co has agreed to pay about $US85 a tonne for Australian thermal coal in 2010 from miner Xstrata, a source familiar with the pri ...
Monday, 04 January 10
IND-BARATH TO SHIFT PROJECT FROM AP TO TN
Hyderabad-based power producer Ind–Barath is planning to set up a power plant at Tuticorin, Tamil Nadu. The proposed project would attract inv ...
Sunday, 03 January 10
NEWCASTLE THERMAL COAL PRICES FALL IN FIRST DECLINE IN 3 WEEKS
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 1.5 percent, falling for the first time in three weeks ...
Sunday, 03 January 10
NTPC SEEKS REPORT ON TRANSPORTING COAL THROUGH WATERWAYS
State-run National Thermal Power Corporation (NTPC), the country’s largest power utility, has asked for a “holistic” feasibility r ...
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- Gujarat Sidhee Cement - India
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Standard Chartered Bank - UAE
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- White Energy Company Limited
- South Luzon Thermal Energy Corporation
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Agrawal Coal Company - India
- AsiaOL BioFuels Corp., Philippines
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- Salva Resources Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Minerals Council of Australia
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- The Treasury - Australian Government
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- Bangladesh Power Developement Board
- Australian Coal Association
- Lanco Infratech Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
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