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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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Thursday, 12 March 09
INDONESIA'S CIREBON ELEC IN TALKS ON COAL SUPPLIES - REUTERS
Reuters reported that, Indonesia's PT Cirebon Electric Power, an independent power producer, is in talks with a number of coal suppliers to seek a ...


Thursday, 12 March 09
ANALYSIS-FIRST NEW JAPAN COAL DEAL MAY NOT SET BENCHMARK - FOREXPROS.COM
* Informal coal-deal practice may come to an end this year * Buyers expected to ask for a discount * Biggest losers may be Chinese coal suppli ...


Thursday, 12 March 09
DEPARTMENT RECEIVES REPORT FROM GEOLOGICAL BODY AND NEDO - ESDM
The Geological Body of the Department of Energy and Mineral Resources have presented their Joint Study on Evaluation of Coal Resources and Reserves ...


Wednesday, 11 March 09
TENAGA SHARES CLIMB AS LOWER COAL PRICES CUT COSTS - BLOOMBERG
Bloomberg reported that, Tenaga Nasional Bhd., Malaysia’s state-controlled utility, climbed the most in a month in Kuala Lumpur trading as coal ...


Wednesday, 11 March 09
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Bloomberg reported that, Posco, Asia’s third-biggest steelmaker, has settled the first pulverized coal contracts for 2009 at $90 a metric ton ...


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