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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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Saturday, 31 October 09
PRODUCERS BENEFIT FROM COAL'S TIGHT SUPPLY AND STRONG DEMAND
The Jakarta Post reported that, The outlook for Indonesian coal producers appears promising with strong volume growth coming from both the domestic ...
Saturday, 31 October 09
FLSMIDTH WINS MAJOR INDIAN COAL HANDLING PROJECT
Top global supplier of minerals processing and materials handling equipment, FL smidth, has won another important coal handling contract in India
...
Saturday, 31 October 09
INDIA OPENING POWER SECTOR TO PRIVATE INVESTMENT, COAL STILL THE FUEL OF CHOICE
Energy Tribune reported that, With coal-fired power plants as the primary source, India’s electricity generation sector space has been dominat ...
Friday, 30 October 09
MINERS TOLD TO SPEND ON LOCAL SERVICE FIRMS
The energy and mineral resources ministry has issued a ministerial regulation ordering mining firms to prioritize hiring domestic service companies ...
Friday, 30 October 09
TATA POWER MAY BUY COAL FROM RIVERSDALE'S MOZAMBIQUE MINES
Bloomberg reported that, Tata Power Ltd., India’s biggest electricity generator outside state control, may buy coal from a mine in Mozambique ...
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- IEA Clean Coal Centre - UK
- Parliament of New Zealand
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- ICICI Bank Limited - India
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
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