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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, 24 October 09
ADANI, MMTC IN RACE TO SUPPLY COAL TO GSECL
Business-Standard reported that, as many as five companies are in fray to supply 15 lakh (1.5 million) metric tonnes of non-coking steam (ther ...
Saturday, 24 October 09
INDONESIA STATE POWER FIRM PLANS TO DELAY COAL SUPPLIES
Indonesia's state-controlled electricity company is negotiating with two coal producing firms to delay plans to supply coal to a power plant in Wes ...
Friday, 23 October 09
MONGOLIA LISTS 8 POTENTIAL BIDDERS FOR COAL PROJECT
Reuters reported that, Mongolia has shortlisted eight potential partners for its huge Tavan Tolgoi coking coal project, according to Temuulen Ganzor ...
Friday, 23 October 09
2010 WILL BE 'BRIDGE YEAR' FOR COAL - CONSOL CHIEF
Mining Weekly reported that, After a difficult 2009, 2010 will likely be a “bridge” year for the US coal industry, followed by improved ...
Friday, 23 October 09
INDIAN GROUP INTERESTED IN MOZAMBICAN COAL
Mining Weekly reported that, India’s leading steelmaker, the Steel Authority of India Limited (Sail), has confirmed that it is seeking to acqu ...
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- Electricity Authority, New Zealand
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- Karaikal Port Pvt Ltd - India
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- Coalindo Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Global Business Power Corporation, Philippines
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
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- Indika Energy - Indonesia
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Planning Commission, India
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- The State Trading Corporation of India Ltd
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- Directorate Of Revenue Intelligence - India
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- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
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- The Treasury - Australian Government
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- Independent Power Producers Association of India
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- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
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- Global Coal Blending Company Limited - Australia
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- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
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- Posco Energy - South Korea
- Thai Mozambique Logistica
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
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- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
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- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- PTC India Limited - India
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Parliament of New Zealand
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- PowerSource Philippines DevCo
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- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
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- Minerals Council of Australia
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- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
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- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
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- McConnell Dowell - Australia
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- ICICI Bank Limited - India
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
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- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- VISA Power Limited - India
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
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- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
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- Holcim Trading Pte Ltd - Singapore
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
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- Ministry of Transport, Egypt
- The University of Queensland
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- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
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- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Neyveli Lignite Corporation Ltd, - India
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- Indonesian Coal Mining Association
- Central Electricity Authority - India
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