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Monday, 24 August 09
10,000 MW TO BE GENERATED THROUGH THAR COAL RESERVES BY 2020
Four projects of 2450 MW approved; govt to invest Rs80bn in five years on infrastructure
The News Pakistan reported that, The Thar Coal and Energy Board (TCEB) has approved four Thar coal reserves projects to generate up to 2,450 megawatt (MW) power, whose capacity would be increased up to 10,000 MW by year 2020, to meet the growing energy needs of the country.
This was decided in the fourth TCEB meeting, presided over by Sindh Chief Minister Syed Qaim Ali Shah at the Chief Minister House here on Saturday.
Addressing a joint press conference at the Chief Minister House, Qaim Ali Shah, Minister for Water and Power Raja Pervez Ashraf and Finance Minister Shaukat Tarin said the Planning Commission (PC) would set up 50 MW underground gasification plants, to be completed within a year by using “indigenous technology” with help of nuclear scientist Dr Samar Mubarakmand.
They said the Engro would set up a 1,000 MW power plant, which would be a joint venture of the Sindh government and the Engro.
They said Pepco would establish a 1,000 MW gasification plant. A private firm, Coujar, would also set up a 400 MW gasification plant, they added.
Tarin said both the federal and provincial governments would invest Rs 80 billion on infrastructure development in Thar in two to five years to facilitate investors for utilising 185 billion metric tonnes of coal there. He said diesel and fertiliser could also be made through underground gasification.
Qaim said initially, they had “reservations” over the gasification plants, but in the Saturday’s meeting, Dr Samar gave a satisfactory presentation. He said the PC would set up a pilot project of 50 MW through gasification, which would be followed by other such plants.
He said these projects would not only be beneficial for Sindh, but the country as well, as it would bring income, generate employment and improve the overall economy. He said infrastructure facility like water and airport and others would be provided to the investors.
Pervez Ashraf said these power projects would help overcome electricity crisis and fill a gap between demand and supply. He said another challenge before the government was to provide electricity at affordable rates. He said power generated through coal would cost Rs 2-3 per unit, while at present, its cost was Rs 8-9 per unit.
He said the purpose was to meet energy needs of the country, which would be increased up to 54,000 MW by year 2015. He said apart from utilising coal reserves, Ecnec approved recently construction of the Bhasha Dam for identical purpose.
He regretted that 185 billion metric tonnes of coal was not utilised in the past because of “different reasons.” He expressed the hope that the Thar coal reserves would “turn around” the economy of the country.
Tarin said work on transmission line of 5,000 MW would be started immediately, while within two-three years, work on 5,000 MW power would be started to generate 10,000 MW by year 2020.
He lamented that share of coal in the energy sector was negligible at present, though 48 per cent of the energy in the world was generated through coal, while its share in China’s energy stood at 70 per cent, and 54 per cent in India. He said the Thar coal reserves were put in “cold storage”, while its value was equal to oil resources of both Saudi Arabia and Iran. He said Thar had good quality of coal, from which up to 100,000 MW power could be generated for 200-300 years. “Today, we have taken the first step,” he said, adding that it was their first priority. He said the Engro would increase the capacity of its power plant up to 4,000 MW within the five to six years, while the capacity of 50 MW gasification plant would be increased up to 1,000 MW within three years.
Similarly, Pepco and Coujar would also progressively increase the capacity of their power plants. He said they wanted to bring “sanity” in the escalating prices of energy by utilising coal and initiating wind and solar energy projects in the future.
Answering a question, Qaim said it was a dream of slain Benazir Bhutto, who had initiated a project to generate 8,000 MW power within five-seven years during her tenure.
Source:The News
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Thursday, 13 August 09
RIO PREPARES COAL IPO AFTER FAILING TO FIND BUYER
Bloomberg reported that, Rio Tinto Group, the world’s third- largest mining company, is preparing an initial public offering for its U.S. ...
Thursday, 13 August 09
NOBLE'S PROFIT DOUBLES ON GLOUCESTER COAL ACQUISITION
Bloomberg reported that, Noble Group Ltd., a Hong Kong-based supplier of raw materials from soybeans to coal, said second- quarter profit more than ...
Thursday, 13 August 09
CHINA COAL-PRICES UNCHANGED, BUT LIKELY TO MOVE HIGHER
Alibaba reported that, Spot coal prices in China's top coal port Qinhuangdao were unchanged from a week earlier, but are still looking bullish in t ...
Thursday, 13 August 09
INDONESIA'S BERAU COAL SEES 2010 OUTPUT UP 16 PCT
Reuters reported that, Indonesia's fifth-largest coal miner, PT Berau Coal, expects 2010 production to be nearly 16 percent higher than this year, ...
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 ...
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- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- White Energy Company Limited
- Bharathi Cement Corporation - India
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- Parliament of New Zealand
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Larsen & Toubro Limited - India
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- Central Java Power - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Sakthi Sugars Limited - India
- Australian Coal Association
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Barasentosa Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- Kaltim Prima Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- London Commodity Brokers - England
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Agrawal Coal Company - India
- Aditya Birla Group - India
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