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Sunday, 06 December 09
NEW MANGALORE PORT GETS UPCL'S FIRST COAL PARCEL FROM INDONESIA
The Lanco Group-promoted Udupi Power Corporation Ltd (UPCL) has received the first parcel of imported coal from Indonesia at the New Mangalore Port.
The ship – M.V. Matilda – carrying 62,000 tonnes of coal has started discharging the coal at the New Mangalore Port. Another vessel – M.V. Fortune Princess – with 66,200 tonnes of imported coal is waiting at the anchorage.
Sources in the port told Business Line that another two to three vessels for the UPCL project are likely to call at the port in the coming days.
It is learnt that the imported coal will be used for synchronisation of the thermal power plant at the Udupi district. Sources in the company said that regular shipment of coal is likely from third week of January.
It may be mentioned here that a dedicated berth is being constructed under BOT (build, operate, and transfer) mode at the New Mangalore Port Trust (NMPT) for handling the imported coal for UPCL. The project cost is estimated at Rs 230 crore (US$ 49,837,484).
Nearly 65 per cent of the work on the berth has been completed at the port. A railway line is being laid to the UPCL site to carry the coal from the New Mangalore Port to the site.
When fully commissioned, the power plant at Padubidri in Udupi district would produce 1,200 MW
Source: The Hindu Business Line
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Thursday, 12 November 09
FOREIGN INVESTMENT IN RUSSIAN COAL SECTOR
Reuters reported that, Russia's coal mines, particularly in the Arctic and Far East, are attracting interest from foreign investors as commodity pr ...
Thursday, 12 November 09
BANPU TO INVEST US$ 466 M
Plan targets 33.5m tonnes of coal per year
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is planning capital investments of ...
Wednesday, 11 November 09
NORTHSTAR TAKES 40 PER CENT OF INDONESIAN MINING COMPANY
AltAssets reported that, PT Northstar Pacific Partners, the Indonesian affiliate of US private equity firm TPG, has taken a 40 per cent stake in Ind ...
Wednesday, 11 November 09
INDONESIAN COAL MINERS SOLD BIG VOLUMES OF 2010 TO CHINA
* China has scooped up large volumes of Indonesian coal
* Total exports to China in 2010 seen to exceed 20 million T
* Chinese, Indian demand may ...
Wednesday, 11 November 09
INDIAN COAL IMPORT FROM SA IN OCTOBER
Reuters reported that India imported 2.4 million tonnes of coal from South Africa's Richards Bay Coal Terminal in October 2009, 35% of the total of ...
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