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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 South Africa.
The public sector company is also looking at setting up ultra mega power projects along the coast near here while scrapping its Orissa project and giving up nuclear and hydel power ambitions, said a top company official.
“We are exploring the possibilities of acquiring coal mines in Indonesia and South Africa so that we can set up thermal power plants along the coast and need not wait for coal linkages,” chairman and managing director A.R. Ansari told reporters here.
He said a 2.5 million tonnes per annum (mtpa) coal mine would cost around Rs.400 crore (US$ 86.067 million).
According to him, the company is not pursuing plans for nuclear power and a thermal power project in Orissa. It is now interested in setting up ultra mega thermal power projects.
“Nuclear power projects in India take inordinate time to complete, for example the Kudankulam power project. The response of the Orissa government to set up a power project there is very lukewarm and hence that plan may not take off,” he added.
He said the company is interested in setting up a 2,000 MW thermal power project along the Tamil Nadu coast - between Tuticorin and Chennai and also a 4,000 MW project at Cheyyar near here.
Ansari said a memorandum of understanding (MOU) with the Uttar Pradesh government is likely to be signed for setting up of a 2,000 MW thermal plant at Kanpur.
“Our idea is to increase the mining capacity to 79.85 mpta (lignite and coal) and power generation to 13,790 MW by the end of XII Plan period.
Ansari said one unit of 2×250 MW project in Neyveli will be commissioned this year and the second unit next March.
The company closed last fiscal with a turnover of Rs.4,121.03 crore (US$ 886.719) and a net profit of Rs.1,247.46 crore (US$ 268.415) as against Rs.3,354.91 crore (US$ 721.874 million) turnover and Rs.821.09 crore (US$ 176.673) net posted in 2008-09.(1 INR = 0.0215169 USD)
Source: Business News
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Monday, 26 April 10
COAL INDIA NEARS PORT DEAL WITH VIZAG STEEL - DNA
DNA India reported that, Coal India Ltd (CIL), the country’s largest coal producer, is close to signing a deal to acquire space at Vizag Steel ...
Sunday, 25 April 10
THE WAITING AT INDIAN PORTS FOR COAL VESSELS WAS QUITE NORMAL - VISTAAR
COALspot.com: The BDI remained unchanged this week and all other sectors also the change was not much.
The cape index continued to move up and wa ...
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 t ...
Saturday, 24 April 10
CHINA'S COAL IMPORTS DOUBLE IN MARCH
China's General Administration of Customs said that the country imported 15.22 million tons of coal last month, more than double the amount it impo ...
Friday, 23 April 10
KPCL EYES MINE IN INDONESIA - BUSINESS STANDARD
Business-Standard reported that, Karnataka Power Corporation Ltd (KPCL), the state-owned power generator, is exploring the possibility of acquiring ...
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- Attock Cement Pakistan Limited
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- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
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- San Jose City I Power Corp, Philippines
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
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- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Neyveli Lignite Corporation Ltd, - India
- Central Electricity Authority - India
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
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- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
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- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
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- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
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- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
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- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- PTC India Limited - India
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- Cement Manufacturers Association - India
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- The University of Queensland
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Thiess Contractors Indonesia
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- Global Business Power Corporation, Philippines
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- Semirara Mining Corp, Philippines
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- Coal and Oil Company - UAE
- Romanian Commodities Exchange
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- Mintek Dendrill Indonesia
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- Thai Mozambique Logistica
- TeaM Sual Corporation - Philippines
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
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- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
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- Planning Commission, India
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- Merrill Lynch Commodities Europe
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- Maheswari Brothers Coal Limited - India
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- Electricity Authority, New Zealand
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- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
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- Commonwealth Bank - Australia
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- Eastern Coal Council - USA
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- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
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- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
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- Bulk Trading Sa - Switzerland
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