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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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Thursday, 12 November 09
FOREIGN INVESTMENT IN RUSSIAN COAL SECTOR
Reuters reported that, Russia's coal mines, particularly in the Arctic and Far East, are attracting interest from foreign investors as commodity pr ...
Thursday, 12 November 09
BANPU TO INVEST US$ 466 M
Plan targets 33.5m tonnes of coal per year
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is planning capital investments of ...
Wednesday, 11 November 09
NORTHSTAR TAKES 40 PER CENT OF INDONESIAN MINING COMPANY
AltAssets reported that, PT Northstar Pacific Partners, the Indonesian affiliate of US private equity firm TPG, has taken a 40 per cent stake in Ind ...
Wednesday, 11 November 09
INDONESIAN COAL MINERS SOLD BIG VOLUMES OF 2010 TO CHINA
* China has scooped up large volumes of Indonesian coal
* Total exports to China in 2010 seen to exceed 20 million T
* Chinese, Indian demand may ...
Wednesday, 11 November 09
INDIAN COAL IMPORT FROM SA IN OCTOBER
Reuters reported that India imported 2.4 million tonnes of coal from South Africa's Richards Bay Coal Terminal in October 2009, 35% of the total of ...
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- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
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- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
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- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
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- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
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- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Planning Commission, India
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- Sakthi Sugars Limited - India
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- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
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- Global Business Power Corporation, Philippines
- Australian Coal Association
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- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- Asmin Koalindo Tuhup - Indonesia
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Mercator Lines Limited - India
- Formosa Plastics Group - Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- PTC India Limited - India
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- Sojitz Corporation - Japan
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- Interocean Group of Companies - India
- AsiaOL BioFuels Corp., Philippines
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- The University of Queensland
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
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