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Tuesday, 12 May 09
COAL IN PLACE, GMR PLANS 2,000-MW THERMAL PLANT - BUSINESS-STANDARD
.jpg) GMR ENERGY, a subsidiary of Bangalore-based infrastructure company GMR Infrastructure Ltd, is planning to set up a 2,000-Mw thermal power plant near a port on the west coast. The company has already tied up coal supplies by acquiring a mine for $100 million in Indonesia last year.
A Subbarao, chief finance officer, GMR Group, said total investments in the power project were yet to be ascertained. “The investments will be decided on the basis of the capacity of the power plant. Typically, a 1,000-Mw thermal power plant requires an investment of Rs 4,500 crore,” he told Business Standard.
Although the company has not finalised the location of the plant, it would like to have it close to key consumption centres in Maharashtra and Gujarat, where demand for power is high.
GMR Energy is in the process of identifying prospective locations along the east coast for the proposed plant.
“The Indonesian coal firm, which we acquired, will be ready for coal extraction in two years and we want to be ready with a project to utilise the raw material,” Subbarao said.
This mine has reserves of 100 million tonnes (mt) and is spread over 25,000 hectares in southern Sumatra. The licence provides GMR with a 30-year mining lease over two separate coal blocks.
GMR Energy has two power projects in operation in Chennai and Mangalore with a cumulative capacity of 420 Mw, and is setting up greenfield projects (thermal and hydro) with a cumulative capacity of 3,130 Mw. These projects are spread across Uttarakhand, Orissa, Arunachal Pradesh, Himachal Pradesh and Chhattisgarh.
The board of directors of GMR Group, at their meeting in Bangalore on Saturday, decided to seek shareholder approval to raise up to $1 billion to fund growth plans, which include road and power projects.
“We are competitive in our tariff. We are yet to sign a power purchase agreement (PPA) with any government for the new thermal power plant. Once we finalise the location, we will sign the PPA,” Subbarao said.
He said the company was not looking at roping in a partner for the thermal power project.
Source:http://www.business-standard.com/india/news/coal-in-place-gmr-plans-2000-mw-thermal-plant/357827/
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Sunday, 26 April 09
INDONESIAN GOVT SAYS COAL MINES CAUSE WEEKLONG FLOOD - THE JAKARTA POST
Samarinda administration in East Kalimantan admitted openly Thursday that the weeklong flood that paralyzed the city was caused by unruly management ...
Saturday, 25 April 09
FOREIGN SHARE DIVESTMENT STARTING THE 6TH YEAR OF PRODUCTION - MAJALAH TAMBANG
The government would set a divestment scheme for foreign miners, which would require companies to divest their ownership starting the 6th year of pr ...
Saturday, 25 April 09
INDO TAMBANGRAYA MEGAH ALLOCATED USD 126 MILLION FOR CAPITAL SPENDING - MAJALAH TAMBANG
Somyot Ruchirawat, President Director of PT Indo Tambangraya Megah, Tbk (ITMG), has announced the company's total dividend payment of Rp 1,345 per ...
Saturday, 25 April 09
MINING SECTOR IS STILL ON THE SURPLUS - THE JAKARTA POST
The global financial crisis is apparently also having an impact on the mining sector. People are thinking twice about investing in the mining sector ...
Saturday, 25 April 09
ADARO RUNS CATARACT OPERATION PROGRAM - THE JAKARTA POST
As part of its CSR program, thermal coal producer PT Adaro Indonesia has made cataract operations available to residents of Tandjung district, South ...
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- Parliament of New Zealand
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- IHS Mccloskey Coal Group - USA
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- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- The University of Queensland
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- SMC Global Power, Philippines
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- Coal and Oil Company - UAE
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- Tamil Nadu electricity Board
- Deloitte Consulting - India
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- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
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- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
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- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Kalimantan Lumbung Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
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- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
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- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
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- Kaltim Prima Coal - Indonesia
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- Indonesian Coal Mining Association
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- Price Waterhouse Coopers - Russia
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- Semirara Mining Corp, Philippines
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- White Energy Company Limited
- Trasteel International SA, Italy
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- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
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- Ministry of Finance - Indonesia
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- Dalmia Cement Bharat India
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
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- Manunggal Multi Energi - Indonesia
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- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
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- Chamber of Mines of South Africa
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- Planning Commission, India
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- Eastern Energy - Thailand
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- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
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- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
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- Australian Coal Association
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- Directorate General of MIneral and Coal - Indonesia
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