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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, 30 July 09
KOMIPO OFFERED 3 MILLION MT IN TENDER, TEN TIMES OVERSUBSCRIBED
Korea Midland has received offers for 3 million mt of bituminous steam coal in its latest tender despite the power utility seeking only 300,000 mt, ...
Thursday, 30 July 09
PNOC FORGES JOINT VENTURES AS STEPS UP COAL OPERATIONS
The Philippine National Oil Co.-Exploration Corp. has entered joint venture agreements with food and beverage conglomerate San Miguel and Filipinas ...
Thursday, 30 July 09
NAMANE OF SOUTH AFRICA IN SUDAN COAL DEAL, BUSINESS REPORT SAYS
Namane of South Africa in Sudan Coal Deal, Business Report Says
Namane Resources Ltd. of South Africa signed a coal-supply agreement with the Nat ...
Wednesday, 29 July 09
RP COAL DEMAND TO SURGE BY 2014 - PHILIPPINES UPDATE
CEBU, Philippines - With the entry of new coal-fired power generation plants in the Philippines, the Department of Energy (DOE) projected an increas ...
Wednesday, 29 July 09
INDIA HUNGRY FOR OUR COKING COAL ASSETS
The Australian reported that, INDIA is about to embark on a program of rapid coal sector acquisitions in Australia as it looks to plug a huge annual ...
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- Xindia Steels Limited - India
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- Singapore Mercantile Exchange
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
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- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
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- Indian Energy Exchange, India
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- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
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- The University of Queensland
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- Posco Energy - South Korea
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- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
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- Eastern Energy - Thailand
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
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- Tamil Nadu electricity Board
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- Wilmar Investment Holdings
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- Siam City Cement PLC, Thailand
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- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
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- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
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- McConnell Dowell - Australia
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- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- The Treasury - Australian Government
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- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
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- Eastern Coal Council - USA
- Minerals Council of Australia
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- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
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- Economic Council, Georgia
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- IEA Clean Coal Centre - UK
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