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Wednesday, 23 September 09
TATA POWER TO COMMISSION 2 UNITS OF MUNDRA UMPP BY FEB 2012
Business Standard reported that, the country's largest private power producer Tata Power today said it would commission 1,600 MW capacity of its 4,000 MW Mundra project in Gujarat during the current XIth Five Year Plan (2007-12).
The company would commission two 800 MW units of its Mundra ultra mega power project by February 2012.
"There is over 30 per cent progress in the project and we would commission the first unit in September 2011 and subsequently other units will follow at an interval of five months each....The second unit would be commissioned by February 2012," Tata Power Executive Director S Ramakrishnan told reporters here.
The 4,000 MW Mundra project would be fully commissioned by December 2013. "Mundra would be the first UMPP to go on stream," Ramakrishnan said.
The power generated from the project would be evacuated by the central transmission utility PowerGrid to the beneficiary states including Gujarat, Maharashtra, Punjab and Rajasthan.
The company is importing 12 million tonnes of coal from the Indonesian coal blocks in which it has ownership to the tune of 30 per cent. Nearly, half of the dry fuel requirement of the project will be procured from these mines. Tata Power is also looking at procuring coal from other sources.
Tata Power bagged the Mundra project in 2007 through the international competitive bidding process.
The project entails an investment of Rs 17,000 crore and is being funded through a debt and equity ratio of 75:25. "The entire equity is ours (Tata Power's) and the debt component comes from both foreign exchange loans and domestic loans," he added.
Nearly, $1.8 billion (approx Rs 5,400 cr) foreign exchange loan is being provided by Korean Exim, Korean Insurance, Asian Development Bank etc. The domestic loan of $1.2 billion (approx Rs 5,100 cr) would be raised through a consortium of banks led by SBI.
Source:Business-Standard
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Thursday, 24 September 09
ANGLO EYES DOUBLED METALLURGICAL COAL OUTPUT BY 2018
Mining group Anglo American could double its production of coal used for steel making by 2018 if all of its unapproved projects went ahead, the comp ...
Thursday, 24 September 09
S.KOREA HYUNDAI STEEL TO BUY COAL FROM SIBERIA
Reuters reported that, South Korea's Hyundai Steel said on Wednesday it will buy a maximum of 300,000 tonnes of coal per year from Siberian Anthrac ...
Thursday, 24 September 09
NO IMPORTED COAL-BASED UMPPS: TATA POWER
Will wait until policy environment becomes more favourable.
Business Standard reported that, Tata Power Company (TPC), India’s largest priv ...
Thursday, 24 September 09
BUMI RAISES $1.9 BILLION SELLING DEBT TO CHINA'S CIC
Bloomberg reported that, PT Bumi Resources, Indonesia’s biggest coal producer, said it raised $1.9 billion selling debt to China’s sover ...
Thursday, 24 September 09
MACQUARIE DOWNGRADES U.S. COAL SECTOR TO NEUTRAL
Reuters reported that, Macquarie Research downgraded the U.S. coal sector to "neutral" from "overweight" as it believes that dem ...
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- Sinarmas Energy and Mining - Indonesia
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- Price Waterhouse Coopers - Russia
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- White Energy Company Limited
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
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- India Bulls Power Limited - India
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- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- GMR Energy Limited - India
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
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- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
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- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- Indika Energy - Indonesia
- SMC Global Power, Philippines
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- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- McConnell Dowell - Australia
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
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- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
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- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
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- Jaiprakash Power Ventures ltd
- PTC India Limited - India
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- CNBM International Corporation - China
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- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- Orica Mining Services - Indonesia
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- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
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- London Commodity Brokers - England
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- Energy Development Corp, Philippines
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- Planning Commission, India
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- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
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- Miang Besar Coal Terminal - Indonesia
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