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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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Friday, 20 November 09
CHINESE COKING COAL SUPPLY TO BE 'TIGHT' IN 2010, KGI SAYS
Bloomberg Reported that, Stephen Wang, an analyst with KGI Securities in Taipei, comments on the outlook for Chinese steel production and demand for ...
Thursday, 19 November 09
S. KOREA TO BUY COAL FROM CHINA FOR US$ 85-90/T IN 2010
Head of one S. Korea power company on November 18 unveiled that S. Korea’s power companies may purchase coal from China at the contract price ...
Thursday, 19 November 09
SNAPSHOT OF INDONESIA'S COAL INDUSTRY - FACT BOX BY REUTERS
Indonesian plans to cap coal exports to meet domestic demand will not hit global supplies in the near term, but could start to bite in three to five ...
Thursday, 19 November 09
INDONESIA COAL EXPORTS CURB WILL TAKE TIME TO BITE
Indonesia's plans to cap coal exports to satisfy demand at home are unlikely to crimp global supplies for as long as five years, when new power pla ...
Thursday, 19 November 09
THE GOVERNMENT TO GUARANTEE COAL SUPPLIES FOR POWER PLANTS
The government guarantees coal supplies for power plants under a 10,000 MW-capacity power plant construction acceleration program.
Minister of En ...
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- Interocean Group of Companies - India
- Australian Coal Association
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- White Energy Company Limited
- Kaltim Prima Coal - Indonesia
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- Minerals Council of Australia
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Deloitte Consulting - India
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
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