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Sunday, 26 July 09
CESC PLANS 2000 MW POWER PLANT IN BIHAR
 Jai Bihar reported that, RPG flagship company CESC Ltd on Friday unveiled its plan to set up a 2,000 MW power generation plant at Pirpainti near Bhagalpur in Bihar.
“I can share with you that we are preparing for a 2,000 MW generation plant at Pirpainti near Bhagalpur. Land acquisition for the project has already begun,” company vice-chairman Sanjiv Goenka told reporters after the company’s Annual General Meeting (AGM).
“We began the initiative six months back by opening a new power company, Nalanda Power Company, which is a 100 percent subsidiary of CESC,” Goenka said.
CESC has also applied for coal mining rights for sourcing the required coal for this coal-fired merchant thermal power unit, said Goenka.
The project, spread over 400 acres, will be funded through a 70:30 debt-equity ratio. The equity would come through internal accruals.
“We are also upbeat over a 350 MW power distribution project for Patna City, where we have been short-listed along with Reliance Energy. If we finally get this, we think this is a fit case for improvement. Its current transmission and distribution (T&D) losses is 48 per cent and it reminds us of the days when we took over the erstwhile Calcutta Electric Supply Corporation,” he said.
CESC Ltd will add another 5000-6000 MW generation capacity over the next seven years of time with a total capital outlay of over Rs 24,000 crore.
Of this, the company has already conducted test synchronization for 250 MW Budge Budge-III and hopes to commission the unit by September, this year.
Goenka said, Budge Budge-III was being commissioned in 28 months from its financial closure, which is a record of its kind in the country.
The company on Friday announced a 11.7% rise in net profit to Rs 105 crore for the quarter ended June 2009, against a a Rs 94 crore net in the earlier corresponding period. Total income for the period was higher at Rs 820 crore (Rs 816 crore) – a marginal 0.5% rise.
“An 11.7% rise in net profit over a marginal rise in income has been due to overall improvement in performance parameters including lower transmission and distribution losses and rise in generation efficiencies,” Goenka said.
Interestingly, CESC managed to bring down expenditure by about 5.1% while profit from operations witnessed a sizeable 35% rise during the period.
The company will also set up new power plants at Dumka in Jharkhand and Talcher in Orissa.
Source: Jai Bihar
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Thursday, 13 August 09
JAYPEE GROUP. L&T INK RS 4,000-CRORE (US$ 824,818,084) DEAL
Second order bagged by L&T in the supercritical segment.
Jaiprakash Power Ventures Ltd (JPVL), promoted by the $7-billion Jaypee group, has s ...
Wednesday, 12 August 09
COAL INDIA TO IMPORT 4 MLN T 2009/10 - MEDIA
State-run Coal India Ltd plans to directly import 4 million tonnes of coal in the current fiscal year to March 2010, Chairman Partha Bhattacharyya s ...
Wednesday, 12 August 09
CHINA'S LARGEST COAL PRODUCER TO SET UP COAL RESERVES
China's National Development and Reform Commission has commissioned China Shenhua Energy Co., the nation's largest coal producer, to build 10 stor ...
Wednesday, 12 August 09
NALCO SMELTER CONSTRUCTION MAY FACE DELAY
The Jakarta Post reported that, India’s state-run National Aluminum Company (Nalco) may postpone the construction of an aluminum smelter in In ...
Wednesday, 12 August 09
COAL MINE PLAN SHOT DOWN OVER GREEN CONCERNS
The Times of India reported that, In a major setback to Adani Powers, the principal chief conservator of forests (PCCF) has rejected its proposal fo ...
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- Central Electricity Authority - India
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- Directorate Of Revenue Intelligence - India
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- Goldman Sachs - Singapore
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- India Bulls Power Limited - India
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- Ministry of Transport, Egypt
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- CNBM International Corporation - China
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- White Energy Company Limited
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- Krishnapatnam Port Company Ltd. - India
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- Orica Mining Services - Indonesia
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- Indian Energy Exchange, India
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- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
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- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
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- Grasim Industreis Ltd - India
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- AsiaOL BioFuels Corp., Philippines
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- The Treasury - Australian Government
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- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
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- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
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- London Commodity Brokers - England
- The University of Queensland
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- SMG Consultants - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indogreen Group - Indonesia
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- PowerSource Philippines DevCo
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- Bhoruka Overseas - Indonesia
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- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
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- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
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- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
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- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
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- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Xindia Steels Limited - India
- PTC India Limited - India
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
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- Makarim & Taira - Indonesia
- Bulk Trading Sa - Switzerland
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- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
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- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
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- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
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- Australian Commodity Traders Exchange
- Planning Commission, India
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- Global Coal Blending Company Limited - Australia
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- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
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- Petron Corporation, Philippines
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- Kobexindo Tractors - Indoneisa
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- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
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- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
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- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
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- Directorate General of MIneral and Coal - Indonesia
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