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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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Wednesday, 07 January 15
FUEL EFFICIENT SHIPS MAKE LESS SENSE IN LOWER BUNKER PRICE MARKET, BUT FUEL COSTS ARE BOUND TO RISE AGAIN
The shipping industry entered 2015 on mixed emotions, as a relatively buoyant tanker market is met by a rather lackluster dry bulk market. Still, a ...
Wednesday, 07 January 15
2015 IS RIDDLED WITH CHALLENGES FOR THE SHIPPING SECTOR, MOST NOTABLY THE DRY BULK MARKET - HELLENIC SHIPPING NEWS
As the new year has now set foot for real, many are still looking to detect what’s in store for the various shipping markets, with the first ...
Tuesday, 06 January 15
SHIPPING MUST ADOPT CAN-DO ATTITUDE IN 2015 - MOORE STEPHENS
Shipping needs to adopt a can-do attitude in order to successfully meet the challenges which are likely to come its way in 2015.
Shipping part ...
Tuesday, 06 January 15
Q4' 15 FOB INDONESIA COAL SWAP CLOSED 1.81% HIGHER COMPARED TO Q1' 15 CLOSING
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 lost month on month and week over week.
The Q1 swap has lost US$ 0.74 (-1.51%) m ...
Tuesday, 06 January 15
FOB RICHARDS BAY COAL SWAPS LOST W-O-W AND M-O-M, SGX DATA SHOWS
COALspot.com: API 4 FOB Richards Bay Coal for delivery Q1' 2015 lost month on month and week over week.
The Q1 swap has lost US$ 3.52 (-5. ...
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- Central Electricity Authority - India
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- Heidelberg Cement - Germany
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- Mercator Lines Limited - India
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- European Bulk Services B.V. - Netherlands
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- Antam Resourcindo - Indonesia
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- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
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- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
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- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
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- Chamber of Mines of South Africa
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- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
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- Mintek Dendrill Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- Eastern Energy - Thailand
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- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
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- PowerSource Philippines DevCo
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- The University of Queensland
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- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
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- Siam City Cement - Thailand
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- London Commodity Brokers - England
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Agrawal Coal Company - India
- Uttam Galva Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
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- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
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- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
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- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Planning Commission, India
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
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- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
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- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
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- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mjunction Services Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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