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Friday, 27 February 09
COASTAL ENERGEN INKS PACT WITH CHINESE FIRM FOR POWER EQUIPMENT


My Digital Fc reported that, Dubai-based Coal and Oil Group, which is setting up a 1,200MW thermal power plant in Tamil Nadu, has tied-up with China-based leading power equipment maker Harbin Power Engineering Company to procure boiler, turbine and generator equipment at a cost of $450 million.

The purchase agreement was signed between Chennai-headquartered Coastal Energen, power generation arm of Coal and Oil Group, and Harbin Power Engineering on Wednesday.

The $500-million Coal and Oil Group, a fuel supplier to power projects, has forayed into power generation with plans to set up its first 2 x 600 thermal power project at Tuticorin in southern part of Tamil Nadu on an estimated investment of Rs 4,500 crore. The project is expected to be commissioned in 36 months. While the Chinese firm has proven records in supplying advanced equipment for power projects, the key rationale behind the tie-up is to achieve early delivery schedule on the back of upsurge in demand for power in the state on account of rapid industrialisation, according to Ahmed A R Buhari, founder president and chief executive officer of Coal and Oil Group.

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Monday, 16 March 09
ADARO TO BOLSTER SUPPLY CHAIN THROUGH ACQUISITIONS - THE JAKARTA POST
PT Adaro Energy Tbk, Indonesia's second-largest coal producer, plans to acquire a coal barging and transshipment company to improve its supply chai ...


Monday, 16 March 09
COAL MINER BUKIT ASAM RECORDS 135% GAIN IN NET PROFIT FOR 2008 - THE JAKARTA GLOBE
Indonesia's state-owned coal miner PT Tambang Batubara Bukit Asam Tbk said its net profit jumped 135 percent last year, having sold more coal at hi ...


Saturday, 14 March 09
NATIONAL ALUMINIUM TO IMPORT COAL NEXT MONTH TO EASE SHORTAGE - BLOOMBERG
Bloomberg reported that, National Aluminium Co., India’s biggest alumina maker, plans to import as much as 150,000 metric tons of coal next mo ...


Friday, 13 March 09
VIETNAM APPROVES TWO COAL-FIRED POWER PLANTS TO MEET DEMAND -THANHNIENNEWS
Thanhnien News reported that, The government has approved a proposal to build two 2,400-megawatt coal-fired power plants in the provinces of Nam Din ...


Friday, 13 March 09
INDONESIAN STATE-RUN COMPANIES PROFIT MAY FALL 10% THIS YEAR -THANHNIENNEWS
Tanhnien news reported that, Indonesian state-run companies’ profits may fall about 10 percent this year as commodity prices decline, cutting ...


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