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Wednesday, 07 September 11
SAMPUR POWER AGREEMENT SIGNED - DAILY NEWS
 Daily News, Sri Lank's national news paper reported that, the agreement for the setting up of a 500 MW coal-fired power plant at Sampur, Trincomalee, a joint venture between the state owned NTPC Ltd of India and Ceylon Electricity Board(CEB) of Sri Lanka was signed yesterday, marking a landmark in bilateral economic cooperation between the two countries.
The paper further said, the power station at Sampur with a total investment of US $ 500 million, would be Sri Lanka’s second coal-fired power plant. The construction is to begin next year and the plant is slated to be commissioned by 2016. The country’s first such power plant in Norochcholai has already begun operations. India High Commissioner to Sri Lanka, Ashok Kantha yesterday identified it as the largest joint venture between the two nations, to date.
Emphasising on its significance, he said that the project would take economic cooperation between the two neighbours to new heights.
The high commissioner recalled that the initiation of the project had been languishing for some time until President Mahinda Rajapaksa visited India in June 2010, where decisions were taken to fast track it’s launch without further delay.
As a result NTPC Limited, the largest power generation utility of India and CEB signed the joint venture and shareholder agreement to set up the plant at Sampur yesterday.
The agreement was signed by Managing Director cum Chairman of NTPC Arup Roy Choudhury, and CEB Chairman Prof. Wimaladharma Abeywickrema, in the presence of Power and Energy Minister Patali Champika Ranawaka, High Commissioner Ashok Kantha, Indian Power Ministry Secretary P.Uma Shankar, Power and Energy, Ministry Secretary M.C. Ferdinando and other stake holders at Hotel Galadari, Colombo.
The project is a 50:50 joint venture between the CEB and NTPC. The government has allocated a 500 acre land in Sampur for the construction of infrastructure.
The government would also construct the coal unloading jetty and install related equipment. The Indian government has offered a concessionary line of credit of US $ 200 million to Sri Lanka to expedite the construction of infrastructure.
The coal for the project is to be imported and supplied by Lanka Coal Company. The capacity of the project may be enhanced by another 500 MW in the future.
The 300 m long jetty with a 700m access way will be designed to handle various coal ship sizes, bulk carriers ranging from conventional vessels of 40,000 to 175,000 DWT.
The power plant at Sampur has a total capacity of 500 MW with two generating units of 250 MW each. The annual coal requirement is around 1.4 million tonnes.
The plant is expected to use coal that comply with national environmental regulations and other international guidelines.
The transmission line will be a 220 kv double circuit line to new Habarana grid station.
According to High Commissioner Kantha in relation to market capitalization state owned NTPC is among the top five firms in India. It is India’s No. 01 power producer. The Sampur project is considered as NTPC’s first overseas venture.
It ranked 341st in 2010 Forbes Global 2000’ ranking of the world’s biggest companies. The total installed capacity of NTPC is 34,854 MW, with 15 coal based, seven gas based power stations and six joint venture power projects across India.
The CEB says that after the completion of 900 MW coal power plant at Puttalam, the generation expansion plan stipulates the addition at a rate of 250-300 MW of coal power plants annually up to end of its planning horizon.
Source: Daily News (By Rasika Somaratna)
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Friday, 30 September 11
MINING BILL CLEARED, FIRMS TO SHARE 26% PROFITS WITH LOCALS - NDTV
NDTV reported that, The Union Cabinet cleared the draft mining bill aimed at regulating mining activities Friday. The bill proposes a profit-sharing ...
Friday, 30 September 11
INDIAN IRON ORE MARKET GETTING ACTIVE - FEARNLEYS AS
Handy
The Atlantic market continued its strong trend with fresh cargoes entering the market. Vessels open US Gulf fixed tick above US$ 27k back to t ...
Friday, 30 September 11
KRISHNAPATNAM PORT WINS GLOBAL PORT & COAL PORT OF THE YEAR AWARDS
COALspot.com - Krishnapatnam Port, a dynamic new generation world class port located in the East Coast of India has been adjudged the winner in the ...
Thursday, 29 September 11
INDONESIA'S MINERS FACE AN UNCERTAIN FUTURE - RUPERT WALKER
An evolving regulatory framework for the country's minerals industry could threaten its profitability and stifle investment.
The five-year surge ...
Thursday, 29 September 11
DRY BULK MARKET FALLS MID-WEEK, FURTHER DROP EXPECTED NEXT WEEK ON CHINA HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market, as reflected by the Baltic Dry Index (BDI) retreated by 0.36% yesterday reaching 1,920 points, with the Capesize segment suffer ...
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- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- The University of Queensland
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
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- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
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- Standard Chartered Bank - UAE
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- Ministry of Mines - Canada
- Barasentosa Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Latin American Coal - Colombia
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- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
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- Edison Trading Spa - Italy
- Minerals Council of Australia
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- Toyota Tsusho Corporation, Japan
- Therma Luzon, Inc, Philippines
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- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Mjunction Services Limited - India
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
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- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
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- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Planning Commission, India
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
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- The Treasury - Australian Government
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- Bhoruka Overseas - Indonesia
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- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- Ministry of Transport, Egypt
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- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
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- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
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- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
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- London Commodity Brokers - England
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- Posco Energy - South Korea
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
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- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- White Energy Company Limited
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
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- Xindia Steels Limited - India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
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- Simpson Spence & Young - Indonesia
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
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