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Friday, 08 April 16
COASTAL ENERGEN CROSSES GENERATION OF 1068 MW AND EXPORT OF 1004 MW FROM ITS 1200 MW IPP
COALspot.com: Coal & Oil (C&O) Group, an India centric Energy & Infrastructure company announced that their Coastal Energen's 2x600mw Mutiara Thermal Power Plant attained ~ 90% PLF by generating 1068 MW and exporting 1004 MW during this week consistently.
'Mutiara' went live on 23rd December 2014 with its 1st Unit of 600mw and 2nd Unit in January 2016.
Both units generated over 3.55 Billion Units addressing the pressing power needs of Tamilnadu. Mutiara has consumed over 2.28 Million tons of coal mostly sourced from Indonesia, financed and supplied by large Japanese and Indian trading houses.
The annual consumption of coal is likely to touch 5 MT per annum.
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The Power generated from both units is predominantly sold to Tangedco under a long term Power Purchase agreement for 15 years.
According to Coal & Oil, Coastal Energen is among Tamil Nadu's largest private Sector Power investment with a capital outlay of over $ 1.3 Bn with SBI as the lead bank. The Plant is located at Melamarudur Village in Tuticorin district. With close proximity to V.O.Chidambaranar Port, formerly Tuticorin Port, having excellent road, rail and air connectivity, the plant is strategically positioned for further expansion to meet the South India's growing power needs.
Speaking on the occasion Mr. Ahmed Buhari, Founder President & CEO, Coastal Energen stated: "It gives me great pleasure that our efforts are now paying off in benefitting the people of our State. Power is a critical component in enabling Tamil Nadu's Vision of emerging among the foremost states of India. We are glad that we can play a part in this Vision by supplying power to the people of Tamil Nadu to achieve their growth potential.
Mr. Buhari further added: "We are meticulously working on stabilizing the operations of both units and aiming PLF of above 90% throughout the year. We are also actively working on developing the Madurai - Tuticorin Industrial corridor, which will also enable this region to progress in line with India's ambitious growth plans" he said.
About Coal & Oil Group:
Coal and Oil Group (C&O) is an Integrated Energy and Infrastructure Company actively involved in Coal Supplies - Shipping - Logistics and Power Generation. It is also actively developingIndustrial Parks along the 120 km Madurai - Tuticorin Industrial corridor (MTIC), in line with Hon. PM Modi's 'Make in India' theme.
The Company was founded by Mr. Ahmed Buhari. With demand for coal surging for power companies in India, C&O currently offers Long Term Fuel Supply Agreement in conjunction with some of the world's largest Energy companies.
Today the organization has several offices spread across India and the globe with a turnover of about $.1.75 Bn.
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Monday, 07 March 16
FREIGHT MARKET MOVING POSITIVE; ALL SEGMENTS EXCEPT CAPE SHOWING A FIRM TREND
COALspot.com: The freight market was steady this past week and showing a firm trend for all segments except for Cape index.
The Baltic Dry Ind ...
Friday, 04 March 16
GLOBAL ECONOMY'S JITTERS ARE SLOWING DOWN SHIPPING EVEN FURTHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The global economy’s shaky condition to say the least is now hampering growth and as a result demand for shipping is slowing down, something ...
Friday, 04 March 16
U.S. YEAR-TO-DATE COAL PRODUCTION TOTALED 109.3 MMST; 30.2% LOWER THAN THE COMPARABLE YEAR-TO-DATE COAL PRODUCTION IN 2015 - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 13.1 million shor ...
Thursday, 03 March 16
INDIA'S BUDGET NOT ENOUGH TO BOOST STEELMAKERS' PROFITABILITY - FITCH RATINGS
COALspot.com: Fitch Ratings says that increase in proposed infrastructure spending in India's latest government budget is unlikely to provide a ...
Thursday, 03 March 16
BDI FURTHER STRENGTHENING; THE INCREASE IN RATES WAS NOT SUBSTANTIAL
COALspot.com: The BDI closed off on a positive note for a second week in a row, further strengthening the belief that the market might be bottoming ...
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- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Petron Corporation, Philippines
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- MS Steel International - UAE
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Australian Coal Association
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- The University of Queensland
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
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