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Monday, 08 February 10
NTPC HOPES TO START ON 500-MW PROJECT IN SRI LANKA BY FEB-END
NTPC sources told Business Standard, “All formalities from our government and NTPC have been completed.
The opinion of the Sri Lankan attorney general (AG) was awaited. With the re-election of President Rajapaksa, the AG’s opinion will come soon, which will help both NTPC and Ceylon Electricity Board to start the project implementation by the end of the month.”
With the AG’s opinion in, the way would be clear, said the sources, for the joint venture agreement between CEB and NTPC, a power purchase agreement between the JV company and CEB, and an agreement between the Board of Investment and the JV company. An implementation agreement and a coal supply agreement would also be in place.
| “NTPC plans to import coal from Indonesia or South Africa for the its 500-Mw proposed power project in Sri Lanka” |
Though NTPC and CEB had signed a memorandum of understanding in 2006 for the project, both parties time to sort out various issues on the payment security mechanism and selection of project site. Each is to contribute half the equity. The project would be funded with a debt to equity ratio of 70:30.
According to sources, a site at Sampur, in Trincomalee district, has been finalised. NTPC plans to import coal from Indonesia or South Africa for the proposed project. Meanwhile, NTPC is also exploring options to take equity or acquire coal mines in Australia, Indonesia, Mozambique and South Africa.
Similarly, NTPC and Bangladesh are exploring options of setting up a 500-Mw imported coal-based power project there. NTPC is also interested in operation and maitenance contracts for new power projects in Bangladesh. “A team is visiting Banladesh this month to work out further details,” NTPC sources said.
Source: Business-Standard
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Tuesday, 29 November 22
SEABORNE COAL FLOWS IN 2022 - SIGNAL
This year is crucial for the energy mix in European countries, as the EU has imposed new sanctions on Russia. It is important to emphasize that the ...
Friday, 25 November 22
APAC THERMAL COAL PRICES CORRECT FROM RECORD HIGH - FITCH RATINGS
Prices of Newcastle 6,000kcal/kg coal have corrected following falling European gas and coal prices, and more supply from Australia could help miti ...
Thursday, 24 November 22
VIETNAM BOOSTS COAL USE PLAN FOR 2030 AS G7 CLIMATE OFFER STALLS - REUTERS
Vietnam has increased its coal power target for 2030 under a revised draft energy plan, government documents seen by Reuters show, while renewables ...
Tuesday, 22 November 22
THE GENCON 2022 CHARTERPARTY - GARD
KNOWLEDGE TO ELEVATE
BIMCO has published a revamped version of the popular GENCON charterparty. Our author, Helena Biggs, was a member of the ...
Tuesday, 22 November 22
INDIA POWER BINGES ON COAL, OUTPACES ASIA - REUTERS
India’s coal-fired power output has increased much faster than any other country in the Asia Pacific since Russia’s invasion of Ukraine ...
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- Indian Energy Exchange, India
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- Alfred C Toepfer International GmbH - Germany
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- Minerals Council of Australia
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- Romanian Commodities Exchange
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- The University of Queensland
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- Economic Council, Georgia
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- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
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- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
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- Mintek Dendrill Indonesia
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- Merrill Lynch Commodities Europe
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- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
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- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
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- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
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- Intertek Mineral Services - Indonesia
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- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
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- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
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- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
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- Metalloyd Limited - United Kingdom
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- Independent Power Producers Association of India
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- The State Trading Corporation of India Ltd
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