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Wednesday, 31 December 14
COASTAL ENERGEN (C&O) COMMENCES 1ST UNIT OF 1200 MW POWER PLANT IN INDIA
COALspot.com: Coastal Energen, part of the Coal & Oil Group, announced last week the commissioning and commencement of power production at the first unit of 600 mw of 2 x 600 mw Mutiara Thermal Power Plant in Tuticorin. Coastal Energen is Tamil Nadu’s largest private power sector investment with a capital outlay of over Rs 7,600 crore (approximately US$ 1,202,320,000).
In December 2009, the foundation stone was laid for Mutiara thermal power project in Tuticorin district and now, the project has started power supply to TANGEDCO - a power generation and distribution arm of Tamil Nadu government - at Rs 4.91 (approximately US$ 0.08) per MW from this project, under a 15 year power purchase agreement.
According to company’s press conference, till now, it has invested Rs 6,200 crore (approximately US$ 980,840,000) for the project.
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Coastal Energen will be importing coal for this unit from Indonesia. The company is planning to expand the power generation to 5,000 MW in the next 10 years and It is also in talks with sovereign, wealth and PE funds to fund the future expansion, the company said during press conference last week.
“It gives me great pleasure to see that our efforts will now start benefiting the people of our state. Power is a critical component for realising Tamil Nadu’s Vision 2023 plan for emerging among the foremost states of India. We are glad that we can play a role in this vision by supplying power to the people of Tamil Nadu for supporting their growth potential,” Ahmed Buhari, founder, president & CEO, Coastal Energen told reporters here, as quoted by My Digital.
“Our second unit of 600 mw is expected to be commissioned in the coming few months and will improve power availability in the state. We are also actively engaged in contributing to the development of the Madurai – Tuticorin industrial corridor, which will also enable this region to progress in line with India’s ambitious growth plans,” Buhari added.
According to media reports, the project is coming at a time when the power crisis is expected to increase in southern parts of the country, led by Tamil Nadu. The deficit is around 9,254 Mw or -22 per cent in the southern region.
Image: File Photo | 1 INR = 0.0158154 USD
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Tuesday, 20 January 15
INDIA TO SURPASS THE UNITED STATES AND BECOME THE SECOND-LARGEST COAL CONSUMER IN THE WORLD BY 2019 - IMF
COALspot.com: In 2013, coal added more primary energy than any other fuel and was the fastest-growing fossil fuel, enhancing its position as the se ...
Tuesday, 20 January 15
INDONESIAN COAL OUTPUT SEEN RISING, DESPITE FALL IN ITS PRICE
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 declined month on month and week over week, but Indonesian Coal Output Seen Rising. T ...
Tuesday, 20 January 15
NEWCASTLE COAL SWAP FOR Q1' 2015 DELIVERY DECLINED 2.83% M-O-M
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery declined US$ 1.45 per MT (-2.83%) month over month and US$ 0.50 (-0.99%) we ...
Monday, 19 January 15
HBA FALL TO FRESH LOWS; COAL OVERSUPPLY WILL CONTINUE TO PUSH PRICE DOWN
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down Indonesian coal bench mark price this month to US$ 63.84. T ...
Monday, 19 January 15
CFR SOUTH CHINA COAL SWAPS REMAIN WEAK
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery declined US$ 3.37 (-5.63%) per MT month over month and US$ 0.74 (-1.29%) ...
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- Orica Mining Services - Indonesia
- MS Steel International - UAE
- PTC India Limited - India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- International Coal Ventures Pvt Ltd - India
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
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- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
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- Goldman Sachs - Singapore
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- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
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- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
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- Leighton Contractors Pty Ltd - Australia
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- OPG Power Generation Pvt Ltd - India
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- Mjunction Services Limited - India
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
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- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
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- Standard Chartered Bank - UAE
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- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- London Commodity Brokers - England
- Renaissance Capital - South Africa
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- Parliament of New Zealand
- Power Finance Corporation Ltd., India
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- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- Interocean Group of Companies - India
- Indian Oil Corporation Limited
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- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- Eastern Coal Council - USA
- Wilmar Investment Holdings
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- Carbofer General Trading SA - India
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
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- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
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- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
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- Economic Council, Georgia
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
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- Meralco Power Generation, Philippines
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- Metalloyd Limited - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
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- Deloitte Consulting - India
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- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
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- Singapore Mercantile Exchange
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- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
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- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
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- Minerals Council of Australia
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