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Wednesday, 01 January 14
COAL & OIL TO SET UP ANOTHER 1,600 MW POWER PLANT IN INDIA - VENKATARAMANI
 COALspot.com: Dubai-based Coal & Oil (C&O) Group is planning to make additional investment of around US$ 1.61 billion to set up 1,600 mega watt of power plant in Tuticorin, Tamil Nadu. The company is already investing around US$ 1.09 billion to set up 1,200 MW plant in the same district.
R Venkataramani, vice president – finance and accounts, C&O Group, said that public hearing was completed for the proposed expansion. Once the existing project completes, the company will take the next phase of expansion which would attract investment to the tune of around US$ 1.61 billion, as quoted by Business Standard of India. He added, the company has enough land available, to the tune of around 1,000 acres (approximately 404.68 hectares) in Tuticorin for both upcoming and proposed expansion, the paper added.
“ Developed in the Tuticorin District, Tamil Nadu, the Mutiara Thermal Power Plant aims to address the 5,000mw power shortage in the state. The company has signed a Power Purchase Agreement (PPA) with the Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) for 600 MW,” he added, as quoted by Business standard.
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| Photo Courtesy: Coal & Oil, Dubai |
Recently, C&O has announced that it has secured additional funding of approximately Dhs. 1 billion (approximately US$250 million), to complete its 1200mw Independent Power Plant (IPP), presently under construction in Tuticorin, Tamilnadu, India. The plant owes its development to Coastal Energen Pvt Ltd, the power generating Flagship Company of the Coal & Oil Group, and perhaps the region's second-largest private investor, with capital expenditures exceeding Dhs. 4.25 billion (approximately US$ 1.1 billion). According to company’s recent press release, the first unit of the power plant is expected to be commissioned by Q3 2014, while the second unit may follow in 6 months.
The Indian power market information indicates that, all India installed capacity has reached about 134,888 MW (coal based ) as of 31 October 2013.
Coal & Oil Group is a US$ 750 million Integrated Energy Company involved in various aspects of Energy supplies, including coal trading, mining, shipping, logistics and power generation. Established in Dubai in 1998, it is one of the largest suppliers of coal to India. Its maiden power project, through its subsidiary, Coastal Energen Pvt Ltd, is a logical extension of the company's core Energy Management.
Total tonnage of coal imported and supplied into India by Coal & Oil was about 9 million tons in 2013. Indonesian origin of 4200 GAR coal was dominating Coal & Oil’s imports in to India in 2013.
C&O plans to import 13-15 Million tons of coal into India during the fiscal year 2014-15. Coal & Oil's annual coal import will jump over 20 million per annum, once MTPP, the 1200 Mw power plant commenced its commercial operation by H2' 2014.
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Wednesday, 12 March 14
DRY BULK VESSELS STILL THE CREAM OF THE CROP FOR SHIP OWNERS
Dry bulk carriers have remained the most popular vessel type among ship owners as proven by the sheer number of second hand vessel sales and new ...
Tuesday, 11 March 14
HOLD HARMLESS CLAUSES ARE NOT ALWAYS MUTUAL! - ITIC
KNOWLEDGE TO ELEVATE
ITIC provides an insurance related contract review service to all of its members. As the leading professional indemnity i ...
Tuesday, 11 March 14
NEWCASTLE SHIPPED 6.98% LESS COAL WEEK ON WEEK
COALspot.com: In the week ended 10 March 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, total 2 ...
Tuesday, 11 March 14
INDONESIAN SUB-BITUMINOUS COAL SWAPS CONTINUES TO FALL
COALspot.com – Indonesia, the world’s largest exporter of the thermal coal's swaps for delivery April - June 2014 slip again thi ...
Monday, 10 March 14
API 8 CFR SOUTH CHINA COAL SWAPS LOST 4.28 PERCENT MONTH ON MONTH FOR Q2 DELIVERY
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 4.28 percent month on month and closed at US$ 73.97 per mt as on Fr ...
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- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
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- Australian Coal Association
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- Power Finance Corporation Ltd., India
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- Economic Council, Georgia
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- Sical Logistics Limited - India
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- European Bulk Services B.V. - Netherlands
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- Sindya Power Generating Company Private Ltd
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- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Anglo American - United Kingdom
- Gujarat Electricity Regulatory Commission - India
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- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
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- The Treasury - Australian Government
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- White Energy Company Limited
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- Cement Manufacturers Association - India
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- Africa Commodities Group - South Africa
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- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- The University of Queensland
- Aditya Birla Group - India
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- Planning Commission, India
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- Chamber of Mines of South Africa
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- PTC India Limited - India
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- Pipit Mutiara Jaya. PT, Indonesia
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- CNBM International Corporation - China
- New Zealand Coal & Carbon
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- Uttam Galva Steels Limited - India
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- Minerals Council of Australia
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- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
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- Metalloyd Limited - United Kingdom
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- Singapore Mercantile Exchange
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- MS Steel International - UAE
- Vedanta Resources Plc - India
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
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- The State Trading Corporation of India Ltd
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Billiton Holdings Pty Ltd - Australia
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- Baramulti Group, Indonesia
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