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Saturday, 24 April 10
NTPC TO BUY COAL MINES IN KAZAKHSTAN - TELEGRAPH INDIA
Telegraph India reported that, NTPC Ltd plans to acquire coal mines and operate two thermal power plants in Kazakhstan.
“We are exploring the possibility of acquiring coal mines and also operating two coal-based power plants in Kazakhstan,” NTPC chairman and managing director R.S. Sharma said.
“They have coal reserves of 35 billion tonnes and are keen to offer some mines to us. We have got proposals on how to utilise the coal. We are working on a business model so that we can bring the coal here and also use it for plants there,” he said.
Kazakhstan is looking at the reconstruction of the Ekibastuz GRES — 1 & 2 power plants.
According to sources, the two plants can be given directly on a nomination basis to NTPC.
To secure fuel for its plants, NTPC is looking at various options including global coal block acquisition. The PSU has identified countries such as Indonesia, Australia, Mozambique and South Africa for this purpose.
NTPC has appointed Australian firm Macquarie as a consultant for the evaluation of the Kalimantu coal mines in Indonesia. It has also appointed merchant bankers and legal consultants for the due diligence of a mine in Mozambique.
The country’s largest power producer is planning to increase its generation capacity to 50,000 MW from the current level of about 31,000 MW by 2012, for which it requires coal from both domestic as well as global sources.
NTPC’s coal requirement for the current financial year is about 145-150 million tonnes, of which the company is planning to import 14 million tonnes.
Net up 5.6%
NTPC’s net profit rose 5.6 per cent to Rs 8,656.53 crore in 2009-10 from Rs 8,201.30 crore in the year-ago period. Net sales in 2009-10 recorded a growth of 11.28 per cent at Rs 46,504.47 crore compared with Rs 41,791.30 crore in the previous fiscal.
Unaudited gross revenue grew 9.29 per cent to Rs 49,478.86 crore in 2009-10 against Rs 45,272.76 crore in 2008-09.
Source: Telegraph India
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Friday, 28 May 10
CHINESE BAN TO HIT INDIAN IRON ORE EXPORTS
Nearly half of India's iron ore exports to China are in serious danger of being wiped out. The local government has imposed a ban on import of low ...
Friday, 28 May 10
INDIAS NEYVELI LIGNITE EYEING INDONESIA, SOUTH AFRICA COAL MINES
Integrated mining and power producer Neyveli Lignite Corporation Thursday said it is exploring possibilities for buying coal mines in Indonesia and ...
Friday, 28 May 10
ADARO ACQUIRES 25% ICP AT US$ 335 MIO
Indonesia's second largest thermal coal miner PT Adaro Energy Tbk (ADRO) today announces formation of new joint venture for Indonesian Coal Project ...
Thursday, 27 May 10
KPCL IS LOOKING FOR 0.50 MLN TON TO IMPORTED STEAMING COAL FOR RAICHUR THERMAL POWER STATION
COALspot.com: KARNATAKA POWER CORPORATION LIMITED, India invited from reputed parties meeting the pre qualifications stipulated for the import ...
Thursday, 27 May 10
TNPL TO BUY 0.240 MLN TON NON-COKING COAL FOR SECOND HALF OF 2010
COALspot.com: Tamil Nadu Newsprint and Papers Limited (TNPL), would like to procure 0.24 mln MT of imported Non-Coking Coal in 6 Shipments of about ...
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- Energy Link Ltd, New Zealand
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- Power Finance Corporation Ltd., India
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- Australian Commodity Traders Exchange
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- International Coal Ventures Pvt Ltd - India
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- MS Steel International - UAE
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- Planning Commission, India
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- Tamil Nadu electricity Board
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- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
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- Chamber of Mines of South Africa
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- Ministry of Transport, Egypt
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- Pipit Mutiara Jaya. PT, Indonesia
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- Eastern Energy - Thailand
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- Mercator Lines Limited - India
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- GMR Energy Limited - India
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- Directorate Of Revenue Intelligence - India
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- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
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- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Mercuria Energy - Indonesia
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- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Romanian Commodities Exchange
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
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- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
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- McConnell Dowell - Australia
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
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- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
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- Bhoruka Overseas - Indonesia
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- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
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