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Friday, 05 March 10
KARNATAKA POWER SEEKS 900,000 TONS STEAMING COAL OVER 9 MONTHS


Bloomberg reported that, Karnataka Power Corp., an Indian electricity generator, is seeking to import 900,000 metric tons of steaming coal over nine months in the fiscal year starting April 1 to fire the company’s biggest power plant.

Bidders have until April 9 to submit offers to supply the Raichur Thermal Power Station, a 1,470 megawatt capacity plant, in southern Karnataka state, according to the company’s tender invitation.

“India, the world’s second-most populous nation, will import 76 million tons of thermal coal and coking coal for steel-making in the 2010 fiscal year” - mjunction
 

The first part of the tender will be opened on April 9 at 3.00 p.m. Indian time, Karnataka Power, a south Indian utility, said. Steaming coal is burnt in locomotives and boilers to produce electricity, heating and power engines.

India, the world’s second-most populous nation, will import 76 million tons of thermal coal and coking coal for steel-making in the 2010 fiscal year, according to mjunction Services Ltd., a Web-based trader backed by the country’s biggest steel producers, in January. That’s up from 59 million tons in the previous period. Imports will rise to 110 million tons in 2012.

State-owned Karnataka Power operates plants with a total installed capacity of 5,510 megawatts of hydroelectric, thermal and wind energy, and has 4,000 megawatts of projects in the pipeline, according to the Web site.
Source:
Bloomberg Reported by Natalie Obiko Pearson



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Recent News

Tuesday, 30 March 10
CHINA'S DROUGHT RAISES COAL PRICES, LOWERS HYDROPOWER
Bloomberg reported that, Benchmark coal prices at Qinhuangdao, China’s largest port handling the fuel, rose for the first time in 10 weeks aft ...


Tuesday, 30 March 10
PRICES FOR COKING COAL, IRON ORE TO SOAR AMID BURGEONING STEEL DEMAND: SCOTIABANK
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Sunday, 28 March 10
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Saturday, 27 March 10
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