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Thursday, 29 October 09
CESC POSTS RS 126 CRORE (US$ 26,655,178) NET PROFIT IN QUARTER TWO
 Economic Times reported that, Energy major CESC posted a marginal increase in net profit at Rs 126 crore (US$ 26,655,178) for the quarter ended Sep 30 against Rs.124 crore (US$ 26,232,282) in the corresponding quarter a year ago, a top company official said here Thursday.
"We had to import lot of expensive power during the quarter than we did before," Sanjiv Goenka, company's vice chairman told reporters here. Describing the quarter performance as decent, he said the power plants were working at 98.6 percent across all stations.
CESC, the flagship company of diversified RPG Entreprises, is the sole distributor of electricity within an area of 567 sq kilometre of the city and adjoining Howrah. It owns and operates four thermal power plants generating 975 MW of power.
These power plants are: Budge Budge Generating Station (500 MW), Southern Generating Station (135 MW), Titagarh Generating Station (240 MW) and New Cossipore Generating Station (100 MW).
The company is expecting to finish the financial closure for the Dhariwal power project within the next seven to ten days, Goenka added. CESC has acquired a little more than 50 percent in Dhariwal Infrastructure to set up a 600-MW thermal power project at Chandrapur in Maharashtra.
The project cost is around Rs.2,850 crore and will be funded in a debt equity ratio of 70:30. He said the Maharashtra project will come up before the Haldia project, which is yet to get the last tract of its allotted 400 acres, he added.
Goenka is hopeful that the financial closure of the Budge Budge project will be done by the year-end. The third unit (250 MW) in Budge Budge is being constructed at a cost of Rs.1,200-crore (US$ 253,860,814). The Budge Budge power station currently has two units of 250 MW each.
The company has been short-listed for the Patna circle, he said.
"We are one of the three parties shortlisted for the Patna circle but has decided to go to court for the admissibility of a bidder which has emerged as the highest bidder as we doubt their credential," Goenka said.
The company is also looking for acquiring existing power generating units in the range of 300-600 MW capacity, he said as a part of its expansion plans.
The recent coal price hike by Coal India of around 15 percent has hit the power utility hard though Goenka refused to quantify the financial impact.
"We have started looking at acquiring coal mines in South Africa and Australia to bring down our coal cost," Goenka said. The company's plans to acquire coal blocks in Indonesia have not made any progress till now.
"We looked at six coal mines there but in every mine we found out the actual coal reserve was a mere fraction of the stated reserve," the vice chairman added.
Source: Economic Times
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Thursday, 05 November 09
MERCATOR LINES AIMS TO BECOME A $5 BILLION COMPANY
Mercator Lines, India’s second largest private sector shipping line, plans to invest and expand, riding India’s next wave of growth, the ...
Thursday, 05 November 09
HMS BERGBAU AG OPENING INDIAN OFFICE
Further step on internationalization track Office in Mumbai Participation in demand for coal imports
HMS Bergbau AG, is an international coal tra ...
Thursday, 05 November 09
SAM'S SEAFOOD HOLDINGS MOVES STEP CLOSER TO COAL EXPLORATION IN INDONESIA
Sam’s Seafood Holdings Limited, which is proposed to be renamed Pan Asia Corporation Limited, is moving closer to becoming an exploration and ...
Wednesday, 04 November 09
INDONESIA CAP ON COAL EXPORTS MAY HIT INDIAN POWER SECTOR
BL reported that Karnataka power sector is likely to be partially impacted by the Indonesian Government move to restrict coal exports.
Private se ...
Wednesday, 04 November 09
SA 2010 COAL EXPORTS SEEN AT 65M TO 68M TONS - ANALYSTS
South Africa's thermal coal exports could rise to as high as 68 million tonnes in 2010 but are more likely to be 64-65 million compared to 60 milli ...
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- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- Planning Commission, India
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- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- White Energy Company Limited
- Sakthi Sugars Limited - India
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- Salva Resources Pvt Ltd - India
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- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
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- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- CNBM International Corporation - China
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- The University of Queensland
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
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- Sinarmas Energy and Mining - Indonesia
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Marubeni Corporation - India
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- ICICI Bank Limited - India
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
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