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Friday, 20 November 09
INDONESIAN CO PLANS JV WITH NAGARJUNA
 Economic Times reported that, Infrastructure firm Nagarjuna Constructions Company (NCC) is set to form a joint venture with an Indonesian coal mining company to aid supply of coal for its Rs 14,000-crore (US$ 3.0185 Billions) thermal power plant in Andhra Pradesh.
NCC is setting up its maiden thermal power plant in the Srikakulam district of Andhra Pradesh to generate 1,320 mw of power. “We wish to acquire a 51 per cent stake in the new special purpose vehicle floated by Nagarjuna Constructions and the Indonesian company located in the coal-rich East Kalimatan province of the country. However, our due diligence is still on and we are yet to complete the legal formalities,” said an official who did not wish to be named.
The company expects to finalise the consideration price, duration of coal supply and other terms of the deal in a couple of months. NCC has appointed Tata Consulting Engineers as its consultants for advice on technical specifications on this project.
This deal will help NCC procure 30 per cent of the coal required for its power plant, while state-owned coalfields in Mahanadi (Orissa) and Raigarh (Bihar) will meet 70% of its requirements.
The project will be implemented in two phases and will start generating power from 2011.
“While the Ministry of Coal has permitted us to buy coal from Orissa and Bihar, we are requesting the government to supply coal from the Mahanadi coal field to save on transportation costs. The Ministry of Railways has given us the in-principle nod for transporting coal and we are only awaiting environmental clearance now,” KJBV Subrahmanyam, director, NCC Power Projects, told ET.
For power-starved Andhra Pradesh, the project is critical for meeting the state’s growing demands for electricity.
The ministry of power has approved the same in the 12th Five Year Plan’s capacity addition, which will help the country meet its target of adding 59,513 mw of power through thermal power plants. The national electricity policy targets per capita availability of 1,000 kwh by 2012.
In Srikakulam, the total land requirement of the project is 1,890 acre, of which, the state government has allotted NCC 1,000 acre. The firm is in talks with other land owners for sale of the remaining 890 acre required. The company hopes to commence construction of the power plant soon as it achieves financial closure in March next year.
“We are looking at a debt-equity ratio of 70:30 to fund the project. We will borrow from a consortium of national banks and financial institutions dedicated to the power sector,” said Subrahmanyam.
Projects in the power sector account for less than five per cent of its order book. NCC is also executing two hydel projects at various stages of completion in Himachal Pradesh and Sikkim, under NCC Infra Holdings, a wholly-owned subsidiary of NCC.
The company’s revenues for the September quarter were Rs 1,067 crore (US$ 230,056,053) and profit for the same period was Rs 43 crore (US$ 9,271,237). NCC’s shares fell 3.20 per cent to close at Rs 163.25 (US$ 3.51876) on the BSE on Thursday. (1 USD = 46.3800 INR)
Source: Economic Times
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Sunday, 06 December 09
NEW MANGALORE PORT GETS UPCL'S FIRST COAL PARCEL FROM INDONESIA
The Lanco Group-promoted Udupi Power Corporation Ltd (UPCL) has received the first parcel of imported coal from Indonesia at the New Mangalore Port. ...
Friday, 04 December 09
CHINA'S COAL IMPORTS PREDICTED TO DECLINE IN 2010
China's eye-catching coal import figure s are unlikely to extend into 2010 given the predicted narrow-down of the coal price spread between the hom ...
Friday, 04 December 09
SUBHASH PROJECTS BEGINS MINING AT INDONESIAN COAL BLOCK
Kolkata-based infrastructure company Subhash Projects and Marketing (SPML) has begun mining at its coal block in Indonesia and will begin despatchin ...
Friday, 04 December 09
DRY BULK MARKET IS ON THE RISE AGAIN
Proving rather resilient, compared to previous behaviors, the dry bulk market has been on a rebound mode once again, after a two-week fall, which su ...
Friday, 04 December 09
INDONESIA'S BUMI EYES MARKETING DEAL FOR BERAU COAL
Reuters reported that, Indonesian coal miner PT Bumi Resources Tbk said on Thursday it is in talks to be the exclusive marketing agent for coal prod ...
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- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Australian Coal Association
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- Bhushan Steel Limited - India
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- Oldendorff Carriers - Singapore
- Intertek Mineral Services - Indonesia
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- Mjunction Services Limited - India
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- Planning Commission, India
- PowerSource Philippines DevCo
- Antam Resourcindo - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- Deloitte Consulting - India
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- MS Steel International - UAE
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Edison Trading Spa - Italy
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- The University of Queensland
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
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