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Sunday, 31 January 10
NTPC TO IMPORT COAL
NTPC Ltd plans to import coal directly, starting next fiscal.
“We plan to import 15-16 million tonnes of coal directly from next year,” R.S. Sharma, chairman and managing director of NTPC, told The Telegraph.
The government had nominated state-run MMTC to import 12.5mt coal on behalf of NTPC last year.
| “We plan to import 15-16 million tons of coal directly from next fiscal year” – Chairman & Managing Director, NTPC |
The tender, reissued at the end of August, faced delays and affected production at some NTPC units.
NTPC’s total coal requirement during 2009-10 is estimated at 150 million tonnes.
The power producer is also close to striking a coal block deal in Mozambique or Indonesia to secure its coal supplies.
Earnings boost
NTPC is targeting at least Rs 2,400 crore (US$ 518,694,613) by selling power in the open market in the next few years. It is creating 2,000mw of fresh capacity, including two units of 500mw each at Farakka and Korba.
“These two units will generate at least 8 billion units of power. Even if we sell the power at Rs 1.5 per unit (US$ 0.03), we earn a revenue of Rs 1,200 crore (US$ 259,347,306). Another Rs 1,200 crore (US$ 259,347,306) will come when the additional 1,000mw of merchant power generation is set up,” NTPC director (commercial) Inderjit Kapoor said today on the sideline of the company’s upcoming FPO roadshow in Calcutta. (1 USD = 46.2700 INR)
Source: Telegraph India
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Wednesday, 17 February 10
LAND OVERLAPPING UNAVOIDABLE
Land overlapping issues in the mining industry is unavoidable due to the availability of mineral, coal, and oil resources which are often located be ...
Wednesday, 17 February 10
JORONG COULD COST BANPU 5%
Banpu Plc, Asean's biggest coal miner, forecasts a 5% drop in revenue if its suspended coal mine in Indonesia is closed for one year, says presiden ...
Wednesday, 17 February 10
RUSSIA KRU JAN COAL EXPORTS DOWN 4 PCT
Kuzbassrazrezugol, Russia's second largest steam coal producer, exported 1.859 million tonnes of coal last month, down 80,000 tonnes or 4 percent f ...
Wednesday, 17 February 10
VEDANTA SET FOR PORTS ENTRY WITH VIZAG TENDER
Vedanta, along with Leighton Contractors India, quoted a revenue share of 38.1% to win the 30-year contract
Mining and metals conglomerate Vedant ...
Tuesday, 16 February 10
TRENDS DRY BULK MARKET ... TRENDS - BRS
The start of the Chinese New Year had an immediate impact on rates and for once all the dry bulk segments lost similar ground.
The BDI fell 5%, a ...
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- The State Trading Corporation of India Ltd
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- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
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- White Energy Company Limited
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- Straits Asia Resources Limited - Singapore
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- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
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- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
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- Ministry of Mines - Canada
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- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
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- Sical Logistics Limited - India
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- Barasentosa Lestari - Indonesia
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- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
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- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Indonesian Coal Mining Association
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- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
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- Mercuria Energy - Indonesia
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- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
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- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- Planning Commission, India
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- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- Bulk Trading Sa - Switzerland
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- Australian Coal Association
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- Formosa Plastics Group - Taiwan
- Orica Australia Pty. Ltd.
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- Alfred C Toepfer International GmbH - Germany
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- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- Medco Energi Mining Internasional
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- Independent Power Producers Association of India
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- Mintek Dendrill Indonesia
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- Ceylon Electricity Board - Sri Lanka
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- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
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- Wood Mackenzie - Singapore
- The University of Queensland
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Global Coal Blending Company Limited - Australia
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- Kohat Cement Company Ltd. - Pakistan
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- Karbindo Abesyapradhi - Indoneisa
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- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Sojitz Corporation - Japan
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