We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 20 January 10
NTPC PLANS TO SET UP ARM FOR ACQUIRING COAL ASSETS ABROAD
 NTPC, the world’s second-largest independent power producer (IPP), plans to set up a new entity for acquiring coal assets abroad to secure fuel supplies for its coal-based plants. A proposal in this regard is likely to be moved before the company’s board soon.
The subsidiary would look at various options of securing coal supplies from overseas markets for meeting fuel needs of NTPC’s plants, a government official involved in the process said. Control over overseas fuel resources has become important in the wake of rising dependence on imported coal by NTPC.
When contacted, NTPC chairman and managing director RS Sharma said the company had built-in systems that has ensured long-term fuel security for all its existing and upcoming projects. “We would examine setting up of a separate entity for acquiring coal assets at an appropriate time,” Mr Sharma added.
NTPC, currently, has a separate division that looks at mining of coal and another strategic division that looks at acquiring coal assets abroad. This division itself could be carved into a focused arm for overseas acquisitions.
NTPC’s coal imports stood at eight million tonne in 2008-09. It is expected to reach the 12.5-million tonne mark in the current fiscal (2009-10) and rise further as the company’s coal-based generation capacity will go on stream in the coming years. It is estimated that the company may require at least 270 million tonne of coal annually by 2017, by when its total generation capacity is targeted to touch 75,000 mw from the current level of 30,644 mw. Of the
NTPC-owned capacity, 86% is coal-based, operated through 15 coal-based power stations. The need for a separate arm for acquisition of overseas coal operations has also been felt due to the poor track record of International Coal Ventures (ICVL). ICVL is a special purpose vehicle formed by PSUs to acquire coal properties abroad. NTPC is one of the equity partners in this venture.
The proposal for a separate entity for acquisition of coal assets comes at a time when NTPC is in the midst of launching its follow-on public offer. The FPO, which opens on February 3, would sell 5% of government equity in the company. The issue has received wide interest from global investors who have committed to participate in the market offer.
“The NTPC offer has received excellent response from overseas investors. We have met several of them in the US and London and all seem to be convinced about the ability of NTPC to push through power revolution in the country,” Mr Sharma said.
NTPC is growing strength to strength targeting to reach 75,000 mw capacity through an investment of Rs 2.25 lakh crore by 2017, recording a compounded annual growth rate (CAGR) of 13% per annum. The company plans to add 6,000 mw of new generation capacity every year.
Source: Economic Times
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 22 January 10
JSW ENERGY TO INVEST RS 4,500 CRORE IN COAL MINES ABROAD
The Sajjan Jindal-promoted JSW Energy is planning an investment of Rs 4,500 crore (US$ 978,260,869) to acquire coal mines abroad and another of Rs 1 ...
Thursday, 21 January 10
HANDYMAX - SHORT PERIOD OWNERS IDEAS ARE AROUND MID/LOW 20S - FEARNLEYS AS
HANDY
The BSI moved in a downward direction since last Friday reflecting minor a ...
Thursday, 21 January 10
ASF GROUP TO COMMENCE COAL SALES TO CHINA BY FEBRUARY 2010
Sydney-based China energy and resource conduit, ASF Group has struck an agreement to supply coal to China.
In September 2009, ASF announced a ven ...
Thursday, 21 January 10
INDONESIA BUKIT ASAM AGREES ON LOWER COAL PRICE
Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk has agreed with a local power plant to set 2010 coal prices at 23 percent lower than ...
Thursday, 21 January 10
CABOTAGE POLICY POSTPONED
The Transportation Ministry has decided to postpone for one year the full enforcement of the cabotage principle – a maritime term for the proh ...
|
|
|
Showing 6066 to 6070 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- Deloitte Consulting - India
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercator Lines Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Oldendorff Carriers - Singapore
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Parliament of New Zealand
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
|
| |
| |
|
