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Wednesday, 01 January 14
COAL & OIL TO SET UP ANOTHER 1,600 MW POWER PLANT IN INDIA - VENKATARAMANI
COALspot.com: Dubai-based Coal & Oil (C&O) Group is planning to make additional investment of around US$ 1.61 billion to set up 1,600 mega watt of power plant in Tuticorin, Tamil Nadu. The company is already investing around US$ 1.09 billion to set up 1,200 MW plant in the same district.
R Venkataramani, vice president – finance and accounts, C&O Group, said that public hearing was completed for the proposed expansion. Once the existing project completes, the company will take the next phase of expansion which would attract investment to the tune of around US$ 1.61 billion, as quoted by Business Standard of India. He added, the company has enough land available, to the tune of around 1,000 acres (approximately 404.68 hectares) in Tuticorin for both upcoming and proposed expansion, the paper added.
“ Developed in the Tuticorin District, Tamil Nadu, the Mutiara Thermal Power Plant aims to address the 5,000mw power shortage in the state. The company has signed a Power Purchase Agreement (PPA) with the Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) for 600 MW,” he added, as quoted by Business standard.
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| Photo Courtesy: Coal & Oil, Dubai |
Recently, C&O has announced that it has secured additional funding of approximately Dhs. 1 billion (approximately US$250 million), to complete its 1200mw Independent Power Plant (IPP), presently under construction in Tuticorin, Tamilnadu, India. The plant owes its development to Coastal Energen Pvt Ltd, the power generating Flagship Company of the Coal & Oil Group, and perhaps the region's second-largest private investor, with capital expenditures exceeding Dhs. 4.25 billion (approximately US$ 1.1 billion). According to company’s recent press release, the first unit of the power plant is expected to be commissioned by Q3 2014, while the second unit may follow in 6 months.
The Indian power market information indicates that, all India installed capacity has reached about 134,888 MW (coal based ) as of 31 October 2013.
Coal & Oil Group is a US$ 750 million Integrated Energy Company involved in various aspects of Energy supplies, including coal trading, mining, shipping, logistics and power generation. Established in Dubai in 1998, it is one of the largest suppliers of coal to India. Its maiden power project, through its subsidiary, Coastal Energen Pvt Ltd, is a logical extension of the company's core Energy Management.
Total tonnage of coal imported and supplied into India by Coal & Oil was about 9 million tons in 2013. Indonesian origin of 4200 GAR coal was dominating Coal & Oil’s imports in to India in 2013.
C&O plans to import 13-15 Million tons of coal into India during the fiscal year 2014-15. Coal & Oil's annual coal import will jump over 20 million per annum, once MTPP, the 1200 Mw power plant commenced its commercial operation by H2' 2014.
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Tuesday, 24 December 13
AUSTRALIAN NEWCASTLE PORT'S WEEKLY COAL EXPORTS UP 11.46% W-W
COALspot.com: In the week ended December 23, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 3.84 ...
Tuesday, 24 December 13
SGX HAS LAUNCHED FREIGHT FUTURES
COALspot.com: Singapore Exchange (SGX) has announced the launch of freight future yesterday.
According to SGX’s press release, SGX has laun ...
Monday, 23 December 13
API 8 CFR SOUTH CHINA COAL SWAP FOR AVERAGE Q1' 14 CLOSED AT $ 82.80
COALspot.com : API 8 CFR South China Coal swaps for average Q1’ 14 delivery gained 2.97 percept month on month as on Friday 20 December 2013. ...
Sunday, 22 December 13
Q1' 14 DELIVERY COAL SWAPS CLOSING HIGH COMPARED TO Q4' 14 DELIVERY CLOSING
COALspot.com – Sub-Bit Indonesia coal swap (FOB) for average Q1’ 14 delivery gained $ 1.31 pmt month on month on Friday 20 December 2013 ...
Sunday, 22 December 13
QUIET FREIGHT MARKET DUE TO LONG HOLIDAYS
COALspot.com: The market was soft this week with all indices down. However towards second half of the week the futures on segments was firming up.
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- Carbofer General Trading SA - India
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- Metalloyd Limited - United Kingdom
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- The University of Queensland
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- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
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- OPG Power Generation Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
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- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- Timah Investasi Mineral - Indoneisa
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- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
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- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- London Commodity Brokers - England
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
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- Price Waterhouse Coopers - Russia
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- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Bhatia International Limited - India
- Minerals Council of Australia
- Deloitte Consulting - India
- Interocean Group of Companies - India
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
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- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
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- Borneo Indobara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- Parliament of New Zealand
- Tamil Nadu electricity Board
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Central Electricity Authority - India
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Standard Chartered Bank - UAE
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
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