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Monday, 12 October 09
SAMPUR COAL POWER PLANT AGREEMENT


Sunday Observer reported that, The construction work of the Sri Lanka-India joint venture coal power plant which costs US dollars 500 million will commence in Sampur on November 10.

The power purchase agreement in context of the joint venture will be signed in Colombo at the end of this month. Chairman, Ceylon Electricity Board E.A.S.K. Edirisinghe will sign the agreement on behalf of Sri Lankan Government, while a senior official, attached to the National Thermal Power Corporation (NTPC) of India will sign the agreement on behalf of NTPC.

Power and Energy Ministry Senior official Harsha Abeyakoon told the Sunday Observer that 500 MVs will be added to the national grid from the first phase of the project, while another 500 MVs will be added from the second phase.

He said due to various reasons the construction work of this joint coal power project which was approved by the Cabinet two years ago was delayed.

"However, during that period the construction work of two coal power projects including the Norochcholai coal power plant was commenced and the Government is expected to generate over 1200 MVs from these power plants," he added.
Source: Sunday Observer



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Friday, 09 October 09
INDIKA IN TALKS TO SELL 4M TONS OF COAL, EYEING BP ASSETS
The Jakarta Post reported that, Energy company PT Indika Energy is in talks with Indian buyers to sell 4 million tons of coal next year, one of its ...


Friday, 09 October 09
BULK-SHIPPING LINES MUST CANCEL 50% OF NEW ORDERS, PLATOU SAYS
Bloomberg reported that, Bulk-shipping lines need to cancel half of the new vessels they have on order to ease a capacity glut and revive freight ra ...


Friday, 09 October 09
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Hellenic Shipping News reported that, In what could prove the beginning of a new and sustainable rally for the dry bulk market, the BDI (Baltic Dry ...


Friday, 09 October 09
STRAITS ASIA INDONESIAN MINE COAL LOADER COLLAPSES
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Thursday, 08 October 09
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Reuters reported that, Coal imports by state explorer Coal India Ltd could jump 10 times to 40-45 million tonnes in three years to meet a sharp rise ...


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