TINS, PTBA, On Wed, 24 Oct 2007 16:32:08 -0700, Herman <[EMAIL PROTECTED]> wrote:
> NTPC mines Indonesian JV to secure coal linkage > > > PSU major NTPC may enter into a power and coal joint venture (JV) with an > Indonesian company as part of its initiative to expand global operations > and > secure coal linkage for its power plants. The company is in talks with > Indonesian mineral company PT Tambang Batubara Bukit Asam Tbk (PTBA) for > entering into a JV where NTPC would help the company in its proposed > power > foray and also jointly mine coal for use by the PSU. > > > "A delegation from NTPC is expected to visit Indonesia soon to hold final > discussions with PTBA for a possible joint venture. If the talks succeed, > the two sides could sign a MoU for development of a thermal power plant > and > a coal mine," a source in the ministry of power said. > > > Senior NTPC officials have already met PTBA representatives in Indonesia > in > September this year. NTPC chairman and managing director T Sankaralingam > has > now written to president director of PTBA Sukrisno expressing his desire > to > sign an agreement on mutually beneficial business model. > > > Sources said that NTPC is interested in setting up two JV operations with > PTBA - one for providing engineering support for developing a power plant > and another for developing a coal mine that would allow the PSU to bring > a > portion of the production for use in its power plants. PTBA has recently > won > tender for constructing a power plant and has indicated that it would > grow > this business. > > It is expected that the coal deal with PTBA would mainly be used by NTPC > to > feed its proposed 500 mw power plant in Sri Lanka based on imported > coal. A > portion of the coal may also be brought back to India. > > > NTPC has been scouting for coal blocks in Indonesia, Australia and South > Africa to meet its domestic demand. The demand for coal is expected to > shoot > up sharply as NTPC intends to become a 50,000 mw company (from the > current > 27,904 mw) by 2012. > > > Last year (2006-07), NTPC used 2.43 million tonne (mt) of imported coal > out > of its total requirement of 111.02 mt. The power PSU is focusing on > Indonesia due to its proximity to the country as well as huge reserves of > good quality thermal coal. > > > PTBA is the sole state-owned coal mining company in Indonesia and owns > two > of the largest coal mining sites Tanjung Enim and Ombilin. It produces > over > 10 mt of coal annually, 25% of which is exported to countries such as > Malaysia, Taiwan and Japan. > > > The Economic Times - 24-Oct-07 > > -- Using Opera's revolutionary e-mail client: http://www.opera.com/mail/ Kunjungi situs http://www.info-saham.com untuk informasi seputar saham. DILARANG KERAS MEMOSTING OPINI PRIBADI TENTANG POLITIK DI MILIS INI. Silahkan lakukan itu di milis [EMAIL PROTECTED] [EMAIL PROTECTED] untuk berhenti dari milis saham [EMAIL PROTECTED] untuk bergabung ke milis saham Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/saham/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/saham/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
