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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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Monday, 20 June 11
5TH ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK 2011 IS ON THE WAY
Press Release - Since the beginning of 2011, international commodity price has been in a high level, resulting in “TENSION” of energy co ...
Sunday, 19 June 11
S6 AND S7 ROUTES LIKELY TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - The freight market seemed to be stabilizing and the BDI and Cape index was up marginally and closed at 1,423 points and 1,824 points ...
Sunday, 19 June 11
BUMI 1Q NET PROFIT INCREASES 16.5 PERCENT
PT Bumi Resources Tbk (BUMI), Indonesia's largest coal exporter that is 25% owned by London-listed Vallar Plc, reported a16.49% increase in net pro ...
Friday, 17 June 11
DRY BULK BREATHES SIGH OF RELEAF ON RENEWED CAPESIZE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has caught a sign of relief from the middle of the week onwards, as the BDI (Baltic Dry Index) increased once again yesterday, t ...
Thursday, 16 June 11
BOOSTING THE USE OF LOW CARBON ENERGY FOR A BETTER WORLD
Bali, Indonesia host of world renewable energy congress – Indonesia, international conference & exhibition on renewable energy and energy ...
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- Indo Tambangraya Megah - Indonesia
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- Eastern Coal Council - USA
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- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
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- Goldman Sachs - Singapore
- McConnell Dowell - Australia
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- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
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- Salva Resources Pvt Ltd - India
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- Grasim Industreis Ltd - India
- Australian Coal Association
- Singapore Mercantile Exchange
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- Merrill Lynch Commodities Europe
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- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
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- The State Trading Corporation of India Ltd
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- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
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- Posco Energy - South Korea
- Vedanta Resources Plc - India
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- The University of Queensland
- Independent Power Producers Association of India
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
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- New Zealand Coal & Carbon
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- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
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- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Malabar Cements Ltd - India
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Bulk Trading Sa - Switzerland
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- Africa Commodities Group - South Africa
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- Indian Energy Exchange, India
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- ICICI Bank Limited - India
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- Jindal Steel & Power Ltd - India
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- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
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- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
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- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Coal and Oil Company - UAE
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- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- Metalloyd Limited - United Kingdom
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- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
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- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- CNBM International Corporation - China
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- Bharathi Cement Corporation - India
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- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- Meenaskhi Energy Private Limited - India
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- PowerSource Philippines DevCo
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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