Coal users to now bid for mines

September 3: Method to replace the current practice of allocating blocks on official discretion; aim to introduce more objectivity in the process.

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Tata Power-led consortium to set up 240 MW project in Indonesia

September 3: A consortium led by Tata Power, India's largest private power utility, will develop a 240 MW geothermal power project in Indonesia. Since the programme would involve building units of various sizes, the total cost of the project will range from Rs 2900 crore to Rs 3800 crore, according to a senior company executive.

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US power company to invest in Bihar

September 2: The US-based energy major AES Corporation has evinced interest in setting up a thermal power plant in Bihar, bringing good news to power crisis-plagued state after majority of thermal power units fell on the Jharkhand side after the bifurcation in November 2000.

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NTPC-Bharat Forge JV looking for partner

September 2: A third partner is likely to join NTPC and Bharat Forge in their joint venture for manufacturing power equipment.

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Bridge demand, supply gap in power for growth: PM

September 2: Laying the foundation stone of a Rs 6000 crore power equipment manufacturing plant, Prime Minister Manmohan Singh said that the nation needs to bridge the gap between demand and supply of electricity for sustained economic growth.

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Power equipment cos. seek duty hike to curb Chinese imports

September 1: Power equipment makers such as L&T, Bhel, Bharat Forge are lobbying for a higher import duty to thwart cheap Chinese imports that are being increasingly used in mega power projects and affecting expansion plans and the profitability of Indian firms.

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CIL may set up power plant to utilise excess coal

September 1: The world's largest coal producer Coal India Ltd (CIL) said it may consider setting up power plants in the country to utilise excess coal.

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Nalco invites bids for coal mining in Indonesia

September 1: State-owned National Aluminium Company (Nalco) has invited bids from coal companies in Indonesia to mine its coking coal mines in East Kalimantan province, which have an annual capacity of 10 million tons, by 2014.

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ADB to give $100 mn loan for Indo-Bangla power project

September 1: The Asian Development Bank on August 31 said that it will provide $100 million loan for a cross-border electricity initiative between India and Bangladesh, which is expected to provide impetus for increased power trading in the South Asian region.

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NTPC moves to secure fuel supply for power plants

August 31: State-run NTPC is considering a 'strategic' tie-up with Qatar Petroleum and picking up stakes in two coal mines in Indonesia to secure fuel supply for its power plants.

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NTPC signs pact with Bangladesh to set up 2 power projects

August 31: State-run NTPC today said it may join hands with Bangladesh Power Development Board to establish two thermal power projects at Chittagong and Khulna for mitigating the power shortages in the neighbouring nation.

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NTPC eyes 8,140 MW projects in MP

August 30, 2010: National Thermal Power Corporation (NTPC) is looking forward to add another 8140 megawatt (MW) power by 2015, through its proposed power plants in Madhya Pradesh. The public sector power biggie already has its largest plant Vindhyachal, with 3260 MW thermal power project, in Singrauli in the state.

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Nigeria power grid: Power Grid Corp among final bidder

August 30, 2010: India's Power Grid Corporation is among the three firms shortlisted by the Nigerian Government to manage the country's electricity grid to be constructed at a cost of $3.5 billion.

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NMDC, Coal India plan JV to form No. 2 mining firm

August 30, 2010: Public sector mining firms NMDC and Coal India are forming a joint venture with West Bengal Mineral Development and Trading Company to acquire one of the largest coal blocks in the country having reserves of around 19 billion tons.

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Govt mulls demarcating mining areas to avoid another Niyamgiri

August 30, 2010: The government is planning to put in place a more transparent mining policy by designating parts of mineral-rich regions as out of bounds for industry because of environmental concerns, a move that can avoid episodes such as the recent ban on mining at Niyamgiri in Orissa but could hurt expansion plans of companies located in such areas.

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Reliance Power gets $900-mn loan from US Exim Bank for Sasan power plant

August 27, 2010: Reliance Power (R-Power) has received a loan guarantee of $900 million from the US Export-Import Bank to buy equipment for its coal-fired power plant at Sasan in Madhya Pradesh.

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Orissa frames new 'Coal Distribution Policy'

August 27, 2010: After being cornered by the Opposition over the multi-crore coal distribution scam, the Orissa government has put in place a state specific 'Coal Distribution Policy'.

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Adani signs $1.65 bn deal with Indonesia to source coal

August 26, 2010: Adani Enterprises announced a $1.65-bn deal with the Indonesian government and its mining company PT Bukit Asam for setting up rail and port infrastructure in the island nation for sourcing coal to India.

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Punjab allows Sterlite to add new unit at Talwandi Sabo

August 26, 2010: The Punjab Government today gave its nod to the Sterlite Energy Ltd (SEL) to add one more unit of 660 MW to the upcoming thermal project of 1980 (3 x 660) MW at Talwandi Sabo in Mansa district.

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Power plants with own coal mines under CEA scrutiny

August 26, 2010: The apex planning body for power sector will carry out a fresh survey of power plants that have captive coal mines as it looks to ensure that environment disputes did not derail projects which have made substantial progress.

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NTPC to be compensated for cancellation of 600 MW project

August 24, 2010: Power Minister Sushil Kumar Shinde said that NTPC would be duly compensated for the cancellation of its 600 mw hydro-power project at Loharinag Pala in Uttarakhand.

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Monnet Power secures fund for 1050 mw project in Orissa

August 24, 2010: Monnet Power, a subsidiary of steel-maker Monnet Ispat today said it has tied up funds for its 1050 mw power project at Angul in Orissa.

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NTPC to float global offer to acquire equity stakes in coal assets

August 24, 2010: Instead of going out and hunting for coal assets, the country's largest power producer, NTPC, has decided to invite offers from foreign miners that may be on the lookout for strategic investors.

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Coal India roadshows for IPO from Sept

August 23, 2010: Union Coal Minister, Sriprakash Jaiswal, said that Coal India Limited (CIL) would launch roadshows in India and abroad next month for the company's Initial Public Offer (IPO) in October 2010.

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End of mega power benefits to yield little for Indian parts cos

August 23, 2010: The government's move to levy duty on import of power equipment by scrapping mega power policy may also lead to 10% duty on manufacturing of local power parts. Under the rules for mega power projects, thermal projects of 1000 mw and more and hydel plants of more than 500 mw are exempt from excise and Customs duty. Non-mega power projects are, however, subject to 5% excise and Customs levy.

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Platts to provide daily prices of SA coal

August 20, 2010: Platts, the energy and metals information provider plans to provide daily spot prices and freight rates for thermal coal bound for India from South Africa, from September 1.

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BEML, Coal India, Damodar Valley close to finalising joint venture equity structure

August 20, 2010: The consortium of BEML, Coal India Ltd and Damodar Valley Corporation (DVC) is understood to have reached at a settlement over the equity structure of the joint venture company that will run the Durgapur-based Mining and Allied Machinery Corporation (MAMC).

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Power cos seek mining partners to bid for 1920-MW project

August 20, 2010: A joint venture between the Maharashtra and Tamil Nadu governments for a pit-head power project, has been allotted the biggest coal block yet given for a project to be competitively bid.

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Lanco Infratech eyes Indonesian power project

August 20, 2010: Gurgaon-based infrastructure company Lanco Infratech has partnered with Indonesian coal mining company Bukit Asam to bid for a 600 megawatt power project, sources said.

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PFC, REC sanction Rs 9506 cr loan for AP Genco projects

August 19, 2010: Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) have approved financial support of Rs 9506 crore to part-fund Andhra Pradesh Generation Corporation (AP Genco) thermal project coming up at Vodarevu and a gas-based project at Karimnagar respectively.

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Power Min to withdraw price preference

August 19, 2010: The power ministry will soon approach the Cabinet to do away with the 15% price preference to domestic manufacturers, under the mega power policy. This proposal will primarily affect state-run Bharat Heavy Electrical Ltd (BHEL), the largest equipment supplier in the industry.

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Blackstone invests Rs 1350 cr in Moser Baer's energy business

August 19, 2010: US-based private equity (PE) fund Blackstone has invested $300 million (Rs 1350 crore) in Moser Baer Projects Private Ltd (MBPPL), the unlisted energy business of Delhi-based global technology company Moser Baer India.

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Coal India close to acquiring three mines abroad

August 18, 2010: Coal India Ltd seems to be closing in on acquisition of three coal mines in Australia, Indonesia and the US.

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NTPC-BHEL JV looking for global technology partner

August 18, 2010: NTPC-BHEL Power Projects Pvt Ltd (NBPPL), the joint venture between state-run BHEL and NTPC for making power equipment among others, is likely to rope in a global technology provider and may offer a minority stake, an NTPC official said.

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Lanco Infra to invest Rs 24,000 cr in expansion plans by 2014

August 17, 2010: Infrastructure company Lanco Infratech today said it has firmed up investment plans of Rs 24,000 crore for becoming a 9300 MW company in the next four years from the current power generation capacity of 2082 MW.

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AP will get 254 MW from 1000 MW Tuticorin thermal plant

August 16, 2010: Andhra Pradesh has been allocated 254 mw of power from the Neyveli Lignite Corporation's 1,000 mw thermal plant coming up at Tuticorin. This project is being set up by NLC and the Tamil Nadu Power Ltd joint venture.

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NTPC may offer stake to Qatar Petroleum in its Kerala plant

August 16, 2010: Keen to get gas for its plant, state-run NTPC may offer equity stake to Qatar Petroleum in its gas-based projects, a move that would allow the company an assured supply of fuel for operations.

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OTPCL scraps its 1000 mw Rengali power project

August 13, 2010: Even as the coal rich Angul district continues to attract the Independent Power Producers, the state owned Orissa Thermal Power Corporation Limited (OPTCL) has scrapped its proposed 1000 mw power project proposed to be set up at Rengali.

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BHEL to set up 2 manufacturing units, invest over Rs 500 cr

August 13, 2010: State-owned BHEL would invest over Rs 500 crore in setting up two power equipment manufacturing plants at Pudukottai in Tamil Nadu and Jagdishpur, Uttar Pradesh, the Lok Sabha was informed on August 12.

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NTPC resolves Barh-I dispute with Technoprom

August 13, 2010: The controversial Barh, phase-I power project of NTPC in Bihar is set to take off after years of delay. Russian equipment maker Technoprom Exports has finally agreed to complete work on the 1980 mw power plant within 36 months.

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NTPC, Singareni sign coal supply pact

August 12, 2010: NTPC Limited recently signed a long-term fuel supply agreement with Singareni Collieries Company Limited (SCCL) for supply of coal to NTPC Ramagundam Super Thermal Power Station for 20 years.

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SAIL, JSW, JSPL, RINL may form JV to buy coal assets abroad

August 12, 2010: Leading steel companies SAIL, JSW Steel, JSPL and RINL are in talks to form a joint venture company to buy coal assets abroad, the first such Public Private Partnership (PPP) initiative in India for securing the vital steel-making input.

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Orissa clears four power projects worth Rs 40,000 cr

August 11, 2010: The Orissa government on August 10 cleared four new power projects of 1320 MW capacity each, worth about Rs 40,000 crore.

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Ferro Alloys to invest Rs 100 crore in Facor Power

August 11, 2010: Ferro Alloys said on August 10 that it will invest Rs 100 crore in subsidiary Facor Power Ltd to part-finance a Rs 570 crore power project in Orissa. The leading ferro alloys manufacturer will seek shareholders' approval for raising the sum.

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First Sterlite Energy unit to go on stream

August 10, 2010: The first 600 MW unit of Sterlite Energy's 4 X 600 MW power plant, with Independent Power Producer (IPP) status, at Jharsuguda in Orissa is slated to go on stream next week.

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BHEL bags Rs 2525 crore order from Abhijeet Infra

August 10, 2010: State-run BHEL today said it has bagged a contract worth Rs 2525 crore from Abhijeet Infra for setting up a 1080 MW thermal power plant (4 x 270 MW) in Jharkhand.

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Areva T&D bags Rs 110 cr order from PGCIL

August 10, 2010: Areva T&D India said that it has been awarded a contract worth Rs 110 crore from Power Grid Corporation of India Ltd (PGCIL), India's main central transmission utility, to set up a 765 KV extra high voltage substation.

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After Australia, Adanis eye coal mines in South Africa

August 10, 2010: At a time when there is a raging debate on whether coal or natural gas should be the country's fuel of the future, the chairman of the Rs 27,800 crore, Ahmedabad-based Adani group, Gautam Adani, has opted for imported coal.

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Reliance Power plant may go onstream eight months ahead of schedule

August 10, 2010: Reliance Power could commission its 4000 MW Krishnapatnam ultra mega power project eight months ahead of schedule after receiving permission from the regulator to slightly change its project configuration.

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NTPC preparing to meet rise in coal, gas demand

August 9, 2010: State-run NTPC, on a massive capacity addition programme, says it would need 270-280 mt of coal annually by the end of the Twelvth Plan (2017). It used 150 mt last year.

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Coal consumers may need to import 83 mt by 2012

August 9, 2010: Even when China is aggressively tapping all possible sources of coal globally, the coal ministry has said that major consumers like steel, power and cement utilities may need to import.

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Goods for mega power projects can be imported duty-free

August 9, 2010: The conditions for grant of excise duty exemption for goods supplied to mega power projects have been amended. Now, the project developers, instead of the manufacturers, have been made liable to pay the duty in case they do not ensure that exempted goods are used only in their projects.

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NTPC to add 500 MW unit to Kaniha

August 9, 2010: The 3000 MW NTPC-Kaniha Power plant, the second largest power plant in the country, will be expanded with the addition of another 500 MW unit, the chairman-cum-managing director, NTPC, R.S. Sharma said.

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NTPC to increase non-fossil fuel-based capacity

August 3, 2010: The power major NTPC Ltd announced on Monday that it has prepared a long-term corporate plan under which it has set itself a target of having an installed power generating capacity of 1,28,000 MW by the year 2032.

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Lanco Infra focuses on power, EPC verticals

August 3, 2010: Lanco Infratech Ltd plans to lay thrust on power generation and EPC contracts, as the company scales up its installed capacity from 1,400 MW in March 2010 to 4,000 MW by March 2011.

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BHEL bags Rs 6,000 crore worth orders from KPCL

August 3, 2010: Bharat Heavy Electricals Ltd (BHEL) has bagged power equipment orders worth Rs 6,000 crore from the Karnataka Power Corporation Ltd (KPCL) for setting up 2x 800 MW of thermal power plants at Yermarus and Yeramarus in Raichur district, according to the chairman and managing director, BHEL, B.P. Rao.

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L&T bags Rs 6,500 cr order from Jaiprakash Group power project

August 3, 2010: Engineering major Larsen and Toubro said it has secured a Rs 6,500 crore order from Jaiprakash Power Ventures Ltd -- a Jaiprakash group company -- for a 1,980 MW power plant in Uttar Pradesh.

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Adanis set to acquire Australian coal mine

August 3, 2010: The Gautam Adani-led Rs 30,000-crore Adani Group is set to make the country's largest coal mine acquisition in Australia. The group's Flagship company Adani Enterprise (AEL), the largest coal importer in the private sector, is likely to announce its first mine acquisition in Australia and is firming up plans to commission coal export terminal there.

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MoU ban may cost Chhattisgarh dearly

August 2, 2010: Investment proposals worth nearly Rs 3 lakh crore in Chhattisgarh have come under a cloud following a state government decision to ban inking fresh Memorandum of Understanding (MoU) for investment in the mineral-rich state.

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Lanco Infra wins EPC deal for 1,980 MW Mahagenco Koradi project

July 30, 2010: Lanco Infratech Ltd (LITL) announced that it has bagged a contract from Maharashtra State Power Generation Co Ltd (Mahagenco) for Balance of Plant (BOP) package for three new units of 660 MW, each being set up for Mahagenco's Koradi thermal power plant near Nagpur.

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Bangladesh to buy power from India

July 28, 2010: DHAKA: In what is being seen as a landmark deal, Bangladesh has signed a 35-year power transmission agreement with India to import 250 megawatt of electricity from late 2012.

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PowerGrid gets Rs 2,200 cr relief from govt

July 28, 2010: The government has forfeited a service tax claim of over Rs 2,200 crore on Power Grid Corporation, a move that could facilitate smooth sailing for the proposed stake sale in the country's largest transmission utility.

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Cement makers explore new fuels to replace coal

July 27, 2010: As the cement industry reels under high raw material costs and reduced coal linkages, companies are exploring alternative options such as rubber tyres and rice husk as substitutes for fuel.

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SIPCL to invest Rs 8000 cr in Orissa Power Project

July 27, 2010: Sahara India Power Corporation Limited (SIPCL) will invest Rs 8000 crore on its proposed 1320 mw power project at Titlagarh in Bolangir district.

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Power sector may soon offer telecom-like tariffs

July 26, 2010: Power consumers will soon be offered a 'menu' for electricity tariffs - different charges for different types of usage, as is the case in the telecom sector.

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Union minister calls for action against coal scam accused

July 22, 2010: The Opposition's tirade against the alleged involvement of two ministers of the Orissa government in the coal scam has picked up steam with the Union minister of state for coal, Sriprakash Jaiswal calling for stringent against the accused in the scam.

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Mozambique project to yield 5.3 MT of coal by 2011: Tata Steel

July 21, 2010: Tata Steel, the world's seventh largest steel producer, expects coal production from its joint venture project in Mozambique to touch 5.3 million tons (mt) by 2011.

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NTPC's 490 MW Dadri unit-II synchronised

July 20, 2010: NTPC Ltd has said it is starting commercial operations at its second coal-based 490 MW power plant at Uttar Pradesh's Dadri to provide electricity to the Capital for the Commonwealth Games.

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Clean coal cess makes power costlier

July 20, 2010: Consumers of electricity would have to shell out more as the power generation cost across the country is set to rise by 2-3 percent due to the Centre's decision to impose a clean energy cess of Rs 50 per ton on raw coal, lignite and peat, effective July 1.

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Uttarakhand cancels 56 power projects

July 19, 2010: The Uttarakhand government has cancelled the allotment of 56 hydel projects in the state, hours before the matter was to be heard by the High Court on alleged irregularities in the allotment process.

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L&T Power ends BHEL monopoly

July 19, 2010: L&T Power, which started production yesterday at its Hazira (Gujarat) facility, has become the second domestic boiler, turbine, and generator (BTG) equipment maker after government-owned Bharat Heavy Electricals Ltd (BHEL). The company has already bagged 6,500 Mw of orders.

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Land delays hit power capacity addition in Maharashtra

July 19, 2010: Slow progress on a slew of deals signed with companies in 2005.
A number of big projects by independent power producers (IPPs) have been delayed or stalled in Maharashtra due to delays in land acquisition, mainly due to strong opposition from villagers.

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BHEL gets $567 mn order for power plant

July 19, 2010: Indian energy equipment maker Bharat Heavy Electricals said on Monday it got an order worth Rs 2665 crore ($567 million) for setting up a 1,200 megawatts thermal power plant from Dainik Bhaskar Power Ltd.
Source: Business Standard.

US Senators welcome Exim Bank's decision on Reliance project

July 19, 2010: Two Senators representing the Wisconsin State in the US have welcomed the Exim Bank's preliminary approval to Reliance's power project in Madhya Pradesh, saying that this will create hundreds of jobs in the United States.

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All-party meet to resolve Assembly impasse over coal scam on July 20

July 19, 2010: The all-party meeting to resolve the impasse in the state assembly over alleged involvement of two ministers in the multi-crore scam in allotment of coal to small scale industries will be held tomorrow afternoon.

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Adani Enterprises to buy $1 bn coal mine from Linc Energy

July 15, 2010: Gautam Adani's Adani Enterprises is close to acquiring a coal mine for $1 billion in Queensland, Australia from Linc Energy, two independent sources close to the development said. The coal block is expected to have reserves of 7-8 billion tons.

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PTC in talks with SAIF, others on unit stake sale

July 12, 2010: PTC India, the nation's largest power trader, was in talks with investors, including Hong Kong-based SAIF Partners, on selling a stake in unit PTC India Financial Services, Chairman Tantra Narayan Thakur said.

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Chhattisgarh power utility records highest PLF in June

July 12, 2010: State-run Chhattisgarh State Power Generation Company (CSPGC) has recorded the highest Plant Load Factor (PLF) among all generation companies across the country in the month of June 2010.

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China's Wuhan to invest in Tata-CSN mining venture

July 12, 2010: Australia's Riversdale Mining is turning out to be a confluence of Brazil, India and China. After signing on Tata Steel in 2007 and Brazil's CSN in 2009, Riversdale has roped in China's Wuhan Iron and Steel Corporation (Wisco). Tata Steel and CSN hold 21.8 percent and 16 percent stake, respectively, in the company, while Wisco would subscribe for an eight percent stake.

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NTPC dumps UP, to set up 4,000-MW power plant in MP

July 12, 2010: State-owned NTPC has scrapped its plans to set up a 4,000-MW power plant in Uttar Pradesh over differences with the state government, and instead moved the coal-fired project to Barethi in Madhya Pradesh.

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JPL awaits govt nod on new site for 1320-MW plant

July 9, 2010: The Naveen Jindal owned Jindal Power Limited (JPL) has decided to change the site of its proposed 1320 MW power plant in Angul district to avoid use of irrigated land for the project.

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Coal India to come out with India's largest IPO in October

July 9, 2010: State-run Coal India Ltd is likely to hit the market by the third week of October with India's largest ever public offer to raise up to Gainers & losers Rs 15,000 crore.

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Govt to clear air on mining approval ahead of CIL float

July 9, 2010: The government has stepped in to end uncertainties over coal mining caused by the tough stance of the environment ministry, as it gears up for the crucial initial share sale of state-owned Coal India.

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R-Power ties up funds for 4000-MW Krishnapatnam power project

July 9, 2010: Reliance Power, part of the Anil Ambani group, tied up finances required for building a 4,000-mw thermal power plant in Krishnapatnam in Andhra Pradesh, including a debt of about Rs 13,000 crore.

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Environment, Coal Ministries to jointly map coal reserves

July 8. 2010: The Environment Ministry and Coal Ministry have initiated a joint exercise to identify and map coal reserves in forests for coal mining. Such areas are being classified as 'go' and 'no-go' areas.

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Rel Power achieves financial closure of Krishnapatnam UMPP

July 8, 2010: Anil Ambani Group firm Reliance Power said it has tied up finances for its Rs 17,500 crore ultra mega power project at Krishnapatnam in Andhra Pradesh.

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Govt committee visits Hasdeo block

July 1, 2010: A committee formed by the Indian government visited Hasdeo-Arand coal block in Chhattisgarh for an on-the-spot assessment of Ministry of Environment and Forest's declaration of the coalfield as "no go area", a Coal Ministry source told ICMW on July 1.

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Essar Power faces expansion roadblock

July 1, 2010: Essar Power Ltd's captive coal block at Mahan in Madhya Pradesh has been categorized as a "no go area" by the Ministry of Environment and Forest, a coal ministry source told ICMW on July 1.

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Adani Group mulls another 4,000 MW plant at Mundra

July 1, 2010: After investing nearly Rs 16,000 crore in its upcoming 4,620 MW coal-fired thermal power plant at Mundra, the Adani Group is now considering setting up yet another 4,000 MW coal-fired plant in the vicinity of the existing one in Gujarat's Kutch district.

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New Australian govt brings cheer to Indian miners

July 1, 2010: About a fortnight ago, the International Coal Ventures Ltd (ICVL) board approved a binding bid for a deposit having estimated reserves of 220 million tons in Queensland, Australia.

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Himachal to set up pithead power plant in West Bengal

July 1, 2010: Permission has been granted to Himachal EMTA Power Ltd (HEPL) for setting up of a pithead power plant in a joint venture (JV), to generate 660 MW thermal power by investing around Rs 4000 crore in the entire project.

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MCL to open new coal mine next month

June 28, 2010: The Mahanadi Coalfields Limited (MCL) plans to operate Garjanbahal open cast coal mine in Sundergarh district, which recently received forest clearance, next month.

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Blackstone may buy 12% in Monnet Power for Rs 300 cr

June 28, 2010: Buyout firm Blackstone may announce the purchase of 12% of Monnet Power for Rs 300 crore as early as this week, according to two persons with direct knowledge of the plan.

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Two Rajasthan power plants gets coal linkage

June 25, 2010: The Coal Ministry said it has approved fuel supply for two upcoming power projects in Rajasthan with an estimated investment of Rs 10,000 crore.

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Essar Oil bags 4 CBM blocks

June 25, 2010: Essar Oil Ltd has bagged four Coal Bed Methane (CBM) blocks under the fourth round of CBM.

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R-Power commissions 2nd Rosa unit

June 21, 2010: Reliance Power has started generating power from the second unit of Rosa thermal power project.

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NTPC-Kaniha to dump ash in abandoned coal mine

June 17, 2010: After 15 years of commissioning of the 3000 MW NTPC-Kaniha super thermal power plant, the power plant authorities would finally get to evacuate the huge pile of fly ash from the ash pond and dump it in an abandoned coal mine at Talcher Coalfields under the command area of Mahanadi Coalfields Limited (MCL).

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Vedanta's India unit to import 300,000T coal

June 16, 2010: The Indian unit of London-listed Vedanta Resources Plc has issued a spot tender to import 300,000 tonnes of steam coal, a company source said on Wednesday.

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Adani Power gets govt nod for two projects

June 15, 2010: India's national authority on clean development mechanism (CDM) has approved Adani Power's two power projects to draw carbon credits worth Rs 290 crore annually.

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Adani Power to commission 3rd Mundra unit in a month

June 11, 2010: Adani Power Ltd (APL) is likely to commission the third unit (330 MW) of Mundra thermal power station within a month.

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PFC invite bids for Bedabahal power project

June 11, 2010: State-run PFC is likely to invite preliminary bids for the 4,000 MW ultra mega power project at Bedabahal in Orissa tomorrow, even as the fate of a similar project in Chhattisgarh remains undecided due to non-receipt of environment clearance.

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JSW Energy to buy 70 pc stake in South African firm IOM

June 11, 2010: JSW Energy today said it may pick up 70 percent stake in South Africa-based Indian Ocean Mining Ltd, a move that would help the company in enhancing its fuel security.

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R-Power, Indonesia's Sugico ink pact to acquire coal mines

June 10, 2010: Anil Ambani-owned Reliance Power has signed a share-sale agreement with Indonesia's Sugico Group to acquire three coal mines in a transaction that will involve a series of production-linked milestone payments.

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Six merchant bankers to manage Coal India IPO

June 9, 2010: Six merchant bankers have been appointed to act

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Chhattisgarh UMPP may get a new location

June 9, 2010: The power ministry is likely to change the location of the proposed 4,000-Mw

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Tata Power looking to pick up stake in overseas coal mines

June 9, 2010: Tata Power is looking for a strategic stake purchase in coal mines

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Thermal coal import prices to heat up on strong demand

June 8, 2010: Asian surge continues; supply contraints in medium term add to pressure.

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India eyes coal assets in Australia

June 07, 2010: India is looking at buying coal mines in Australia through two state-owned entities in a bid to bridge the domestic coal supply-demand shortfall, a top government official said here on Monday.

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CESC acquires Dhariwal Infra

June 07, 2010: RP Goenka (RPG) flagship Calcutta Electric Supply Company (CESC) has just acquired 100% ownership in Dhariwal Infrastructure by snapping the remaining 50% for a shade over Rs 100 crore.

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Mahagenco seeks partners to set up 2 critical power units

June 07, 2010: MUMBAI: Maharashtra's state power generation utility Mahagenco is looking for strategic partners to set up two critical power plants at Dhopave in Konkan and Dhondai in Dhule district.

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K'taka issues RFQs for 3,000 Mw projects

June 05, 2010: The Karnataka government on Friday offered 3,000 Mw of gas-based power projects at a cost of Rs 12,000 crore to the private sector for investment. Of this, 2,100 Mw has been split into three projects of 700 Mw each.

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Neyveli Lignite commissions 1st unit of Barsinagar power plant

June 05, 2010: State-owned Neyveli Lignite Corp today commissioned its lignite-based power plant at Barsingar, in Rajasthan.

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A2Z plans 500-Mw power plant from municipal waste

June 06, 2010: A2Z Maintenance & Engineering Services is planning to invest about Rs 3,000 crore to set up a 500-Mega watt (Mw) biomass power plant from municipal solid-waste, within two years.

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GUVNL inks PPAs for 420 Mw solar projects in Gujarat

June 07, 2010: Gujarat Urja Vikas Nigam Ltd (GUVNL), a state run apex electricity company in Gujarat, has entered into power purchase agreements (PPAs) with 28 companies for procuring 420 Mw of solar power.

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JSW Energy to invest Rs 2,000 cr to develop coal mines

June 07, 2010: JSW Energy (Bengal) Limited, a special purpose vehicle (SPV) for the Bengal power and coal project, will be investing about Rs 2,000 crore in coal mine development.

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KSK Energy Ventures inks PPA With GUVNL

June 07, 2010: KSK Energy Ventures Limited, a Hyderabad-based power plant developer, has signed a power purchase agreement (PPA) from its power plant at Nariyara, Chhattisgarh.

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Sadbhav bags Rs 92 cr contract from Coal India's arm

June 07, 2010: Sadbhav Engineering today said it has bagged a contract worth Rs 92.08 crore from a subsidiary of Coal India Ltd (CIL).

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Regulator wants cap on short-term tariffs for coal-fired plants

June 3, 2010: The power regulator is likely to propose a Rs 5 a unit (kilowatt-hour) cap on the sale of power from coal-fired plants in the short-term market.

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Coal to power RIL's future ambitions

June 3, 2010: Reliance Industries, freed from its non-compete agreement with the Anil Dhirubhai Ambani Group (ADAG) that barred it from investing in high-growth sectors, is likely to make its first big-ticket investment in coal-fired power plants.

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Sasol-Tata JV to invest $10 bn in India

June 3, 2010: Sasol, the largest producer of motor fuel made from coal, plans to spend $10 billion in India in partnership with the Tata Group on a block awarded last year, following similar investments in Indonesia and China.

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NTPC to buy Australian coal mine

June 3, 2010: India's largest power producer, NTPC, is set to acquire controlling interest in a 720-million-ton coal field in Australia in a deal valued at $1-1.5 billion, which will enable it to fire about 3,500 MW of power capacity.

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CIL may push back IPO to September

June 2, 2010: State-run miner Coal India Ltd (CIL) may push back its initial public offering (IPO) to September or October, instead of July-August as planned earlier, due to the ongoing euro zone crisis.

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Centre blamed for coal shortage

May 31, 2010: The Madhya Pradesh government has once again blamed the Centre, particularly Indian Railways, for coal shortage at its 1,350-Mw Birsinghpur power plant, thereby creating at least 500-Mw power shortage in the state.

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ArcelorMittal plans power venture in India

May 31, 2010: ArcelorMittal, the world's biggest steel producer, has planned a foray into power generation in India.

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NBPPL hopes to bag Rs 6,500 crore projects this fiscal

May 31, 2010: NTPC-BHEL Power Projects Pvt Ltd (NBPPL) is hoping to bag contracts worth Rs 6,500 crore for executing thermal power projects in the next two months.

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Mahagenco calls for EoIs for Ratnagiri power plant development

May 31, 2010 : In a bid to increase its power generation capacity, the state power utility Mahagenco has called for Expression of Interest (EoIs) from companies for participating in a joint venture for development of a 3,200 MW coal-based power plant at Ratnagiri.

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Andhra seeks fuel linkage for three power projects

May 28, 2010: The Andhra Pradesh Chief Minister, K. Rosaiah, has written to the Union Power Minister, Sushil Kumar Shinde, seeking coal linkage for three power projects of AP Genco, including the mega 5x800 MW coal-fired power project planned at Vodarevu.

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NLC logs 52 percent jump in profits fuelled by mining, power

May 28, 2010: Neyveli Lignite Corporation has reported a 52 percent jump in net profit for 2009-10 compared with that of the previous year.

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BHEL clocks 42% jump in profit to Rs 1,909 cr

May 27, 2010: State-run power equipment maker Bharat Heavy Electricals Ltd (BHEL) today reported a rise of about 42 percent in audited net profit to Rs 1,909.5 crore for the fourth quarter ended March 2010, against Rs 1,347.4 crore in the corresponding period a year earlier.

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Gujarat NRE Coke set to begin work on AP project

May 27, 2010: Gujarat NRE Coke Limited, producer of low-ash metallurgical coke, is all set to begin work on its Rs 800-crore greenfield coke plant at Ativaram village in Nellore district of Andhra Pradesh.

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Coal shortage slows down cement expansion

May 21, 2010: Expansion of cement production capacities in the southern states is likely to be slower than expected due to shortage in coal supplies, the main fuel.

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BHEL's industry sector business registers robust 40% growth

May 20, 2010: Power equipment maker Bharat Heavy Electricals Ltd (BHEL) today said that its industry sector business grew at a record 40 percent in 2009-10.

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Neepco to set up two projects in Meghalaya

May 20, 2010: North Eastern Electric Power Corporation (Neepco) is all set to develop two power projects in Meghalaya, one 500 MW thermal power project and the other 85 MW hydro-power project.

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ICVL plans on track: Roongta

May 18, 2010: International Coal Ventures Ltd (ICVL), a joint venture of five public sector undertakings of India - SAIL, RINL, CIL, NTPC and NMDC - is going ahead with its plans to acquire coal assets overseas.

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No justification for higher Q2 coking coal contract price: SAIL

May 17, 2010: The chairman of Steel Authority of India Ltd (SAIL), S.K. Roongta, on May 17 said there is no reason for further hike in coking coal contract price for second quarter of 2010-11.

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RInfra to acquire additional 850 MW

May 17, 2010: Reliance Infrastructure will acquire an additional 850 MW of electricity from the market to ensure there is no power shortage in Mumbai, a top official said on Saturday.

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Tata plans to set up power plant in Bangladesh

May 17, 2010: Nitol-Niloy, the Bangladesh partner of Indian conglomerate Tata Group, plans to set up a 1,000MW power plant in a joint venture that will be the largest in the country.

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Govt likely to finalise IPO managers for CIL soon

May 10, 2010: The government is likely to appoint six merchant bankers, including the lowest bidder Citigroup, that have been shortlisted for managing the initial public offer of state-owned Coal India Ltd (CIL) within a few days, according to market sources.

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DSCL to invest Rs 80 cr in Rajasthan lignite mine

May 10, 2010: DCM Shriram Consolidated (DSCL) today said that it will spend Rs 80 crore in two years to develop a lignite mine in Rajasthan, so it could replace coal as the fuel at its Kota power plant.

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4 killed in Chhattisgarh mine explosion

May 7, 2010: Four miners were killed and 28 injured in a massive blast in the Anjan Hills coalmine in Chhattisgarh's Koriya district.

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Coal India float awaits cabinet okay

May 7, 2010: The cabinet may take up the divestment proposal of state-run Coal India Ltd (CIL) this week. The government plans to sell a 10 percent stake in Coal India in July.

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JSL signs MoU with Orissa to set up 1320 MW power plant

May 7, 2010: Ratan Jindal led JSL Limited and the Orissa government signed a memorandum of understanding for establishment of 1320 MW Super Critical Thermal Power Plant (SCTPP) with an investment of Rs 7375 crore. The project would come up at Luni in Dhenkanal district.

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NMDC, Coal India in coal JV talks

May 5, 2010: India's largest iron ore miner, NMDC Ltd, is in talks to form a coal mining joint venture with state-owned Coal India Ltd.

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L&T Power inks pact with Howden of Britain

May 5, 2010: Engineering giant Larsen & Toubro (L&T) on Tuesday signed a joint venture pact with the England-based Howden to design, engineer, manufacture and supply axial fans and air pre-heaters to thermal power plants.

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NTPC expects to acquire land for 2 mega projects in 6 months

May 3, 2010: National Thermal Power Corporation (NTPC), the country's largest power producer, expects to complete land acquisition for its two mega power projects in Orissa - one 4800 MW plant at Darlipalli in Sundergarh district and one 3200 MW plant at Gajmara in Dhenkanal district- in the next six months.

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Coal India under CCI scanner for mining explosives

May 3, 2010: State-run Coal India has come under the scanner of competition watchdog Competition Commission of India (CCI) for tying up supply of mining explosives from a particular company without inviting bids, but the PSU denies doing anything anti-competitive.

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NTPC-BHEL JV expects orders worth Rs 7000 crore by FY'11

April 30, 2010: NTPC-BHEL Power Projects Pvt Ltd (NBPPL) has said it is expecting orders worth Rs 7,000 crore by the end of the current fiscal. NBPPL is a 50:50 joint venture company of state-owned NTPC and BHEL.

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Madhucon bags Rs 1,198-cr deal for power project

April 30, 2010: Madhucon Projects Ltd has announced it has secured a EPC contract worth Rs 1,198 crore for setting up thermal power plant near Krishnapatnam in Nellore district of Andhra Pradesh.

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NTPC, CIL form JV to focus on coal block acquisitions

April 29, 2010: The National Thermal Power Corporation (NTPC), has said it has formed a joint venture with state-run Coal India Ltd that will focus on acquisition of coal blocks in India and abroad.

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NTPC eyes 10,000 MW in UP by 2017

April 29, 2010: Public sector power major National Thermal Power Corporation (NTPC) is targeting a combined power generation capacity of almost 10,000 MW in Uttar Pradesh by 2017.

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NTPC FY10 net up 5.6% to Rs 8,657 cr

April 26, 2010: India's largest power producer NTPC said on Friday its provisional net profit for the full year ended March rose 5.6% to Rs 8,657 crore.

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Coal India to qualify for Maharatna status after listing

April 26, 2010: Coal India, which is set to launch an initial public offering, will qualify for the Maharatna status with greater autonomy after listing on the stock market in the next few months.

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NTPC to start work on Rs 1,000-cr Assam project on Thursday

April 25, 2010: State-owned NTPC will start the Rs 1,000-crore expansion project of its Bongaigaon power plant in Assam on Thursday for meeting the growing power requirement of the region.

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Gujarat Coking Coal orders Longwall Mining from Joy Mfg

April 26, 2010:Gujarat NRE Coking Coal Limited, the Australian subsidiary of Gujarat NRE Coke has entered into a contract with Joy Manufacturing Company Pty Limited for supply of Longwall Systems.

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HEC reviving coal washery business after 27 yrs

April 23, 2010: Public sector enterprise Heavy Engineering Corporation (HEC) is in the process of reviving an old business line: that of putting up coal washeries for subsidiaries of Coal India (CIL).

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UPPCL, Bajaj Hindustan sign MoU for power project in UP

April 23, 2010: Uttar Pradesh Power Corporation Limited (UPPCL) today signed a Memorandum of Understanding with Bajaj Hindustan Limited to set up a 1,980-MW thermal power project in Lalitpur district of Bundelkhand region.

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Barge movement of coal from Haldia to Farakka hits snag

April 23, 2010: The much-discussed proposal for barge movement of imported coal from Haldia to Farakka (West Bengal) and Kahalgaon (Bihar) is believed to have run into rough weather as the importer (NTPC) and the facilitator of the movement (Inland Waterways Authority of India) do not see eye to eye on several issues.

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Vedanta and Evonik ink Rs 14,000-crore O&M deal

April 23, 2010: Sterlite Energy, a group company of Vedanta Plc, has signed a Rs 1400 crore operation and maintenance (O&M) contract with Evonik Energy Services India (EESI) for their 4x600 Mw power plant at Jharsuguda.

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KPCL eyes mine in Indonesia

April 23, 2010: Karnataka Power Corporation Ltd (KPCL), the state-owned power generator, is exploring the possibility of acquiring a coal mine in Indonesia.

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Chhattisgarh UMPP bids may run into environment ministry hurdles

April 22, 2010: Bidders for the ultra mega power project at Chhattisgarh, that are set to put in their pre-qualification bids by May 3, could be in for a major jolt as coal blocks linked to the 4000 MW project is unlikely to get the nod from the environment ministry.

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GMR seeks another $100-mn PE funding

April 21, 2010: Bangalore-based GMR group is planning to raise an additional $100 million (over Rs 447 crore) from a group of private equity companies, led by Singapore-based Temasek Holdings, to fund its expansion plans.

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Short-term power purchase contracts turn expensive

April 21, 2010: With rising power deficit in the country, merchant power, or short-term purchase contracts, are getting expensive each month.

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Bajaj Hindustan to set up 1980 MW power project in Lalitpur

April 21, 2010: The Mayawati cabinet has approved setting up of the 1980 MW thermal power plant in Lalitpur by Bajaj Hindustan led consortium under the MoU route.

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CIL to ink global pacts for Rs 4,000-cr washeries project

April 21, 2010: State-owned Coal India is set to sign pacts with global companies this month to set up two washeries as part of its proposed Rs 4,000-crore project to reduce ash content of the domestic fuel.

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Coal shortage to be met through import: Govt

April 20, 2010: The government today informed Parliament that due to limited availability of indigenous coal, the gap between requirement and its availability is expected to be bridged through import.

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Coal shortage to be met through import: Govt

April 19, 2010: The government today informed Parliament that due to limited availability of indigenous coal, the gap between requirement and its availability is expected to be bridged through import.

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JSW Energy buys 49.8% in Royal Bafokeng

April 19, 2010: Sajjan Jindal-led JSW Energy on Friday announced acquisition of part of a company that owns shares in South African Coal Mining Holding for an undisclosed amount.

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BHEL bags Rs 6,300 crore order for power plant in Karnataka

April 19, 2010: State-owned BHEL today said it has bagged a Rs 6,300-crore order for setting up an energy-efficient power plant in Karnataka.

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Coal India close to sealing mine deals with Peabody

April 16, 2010: Coal India Ltd is on the verge of closing a deal with US-based miner Peabody Energy that would give it a stake in four Australian coal mines along with other overseas assets.

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NTPC, CIL may set up 2 power plants in Jharkhand

April 16, 2010: Public sector NTPC and Coal India have signed an agreement for setting up two 2,000 MW coal-based power projects in Jharkhand under a 50:50 joint venture, officials said on April 14.

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Adani power project in MP may hit roadblock over green nod

April 14, 2010: In fresh trouble for MNC Adani power group, Environment Minister Jairam Ramesh today indicated that his ministry would not approve the company's proposal for drawing water from Pench Tiger reserve for its project in Madhya Pradesh.

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BHEL to pick up 25% stake in Karnataka power project

April 12, 2010: The state-run BHEL and Karnataka State Electricity Board are likely to soon announce a Rs 9,000 crore joint venture project to set up a 1600-MW power plant in the state.

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Nineteen thermal plants facing critical coal stock

April 10, 2010: The coal stock position at 79 thermal power plants across the country continues to be woeful with most of the plants having less stock than the normative level.

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Coal ministry urges CIL to restore supplies on tapering basis

April 12, 2010: The Ministry of Coal has directed the state owned navratna coal firm Coal India Limited (CIL) to continue its coal supplies to the various consumers on a tapering basis.

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South Africa's March coal export rises 14.56%

April 9, 2010: Buoyed with hefty demand from India, South Africa's coal export through Richards Bay Coal Terminal (RBCT) rose by 14.56 percent in March compared with February.

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BHEL's division sees 16 percent increase in its revenues

April 8, 2010: Bharat Heavy Electricals Ltd (BHEL) power sector southern region (PSSR) has registered a turnover of Rs 1,155 crore in the year ended March 31, 2010, against Rs 995 crore in the previous year, an increase of 16 percent.

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BHEL to start work on clean coal energy plant

April 08, 2010: Work on the country's first and biggest integrated coal gassification combined cycle (ICGCC) power plant is likely to commence in June 2010. The Rs 2,500-crore plant will come up at Vijayawada in Andhra Pradesh and will be set up by three joint venture partners, with one of them being Bharat Heavy Electricals Ltd (BHEL).

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India may miss 5-yr target for power generation: Govt

April 7, 2010: India will add only 61,000 MW of power generation capacity in the five-year period to March 2012, lower than the target of 78,000 MW, Power Minister Sushil Kumar Shinde told reporters on Wednesday.

Source: The Economic Times

BHEL to start work on clean coal energy plant

April 7, 2010: Work on the country's first and biggest Integrated Coal Gasification Combined Cycle (ICGCC) power plant is likely to commence in June 2010.

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Coal India to set up 20 new washeries

April 7, 2010: India's largest coal miner, Coal India, plans to set up 20 new modern washeries with a total capacity of 111 million tons over the next four-five years in partnership with private agencies.

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CIL net rises 4-fold in 2009-10

April 7, 2010: State-run Coal India Ltd has posted a four-fold growth in its 2009-10 net profit at Rs 8,312 crore ahead of its initial public offering, even as chairman Partho S Bhattacharya said the company has lined up a warchest of Rs 6,000 crore for acquisition of overseas coal mines.

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Sri Lanka seeks India's help to set up 500-MW coal-based power plant

April 5, 2010: India will help Sri Lanka construct a 500-MW coal-based power plant in Trincomalee. An agreement in this regard is expected to be signed next month.

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CIL subsidiaries to invite tenders for abandoned mines soon

April 5, 2010: Coal India Limited's (CIL) plan to revive and develop the abandoned mines has gained momentum as the coal major has finalized the tender document and sent it to its respective subsidiaries.

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Coal linkages to supercritical power projects on priority basis

April 5, 2010: The Ministry of Power is looking to clear swiftly coal linkages for projects based on supercritical technology, said sources.

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Coal India seeks more rakes

April 1, 2010: Coal India Ltd has sought 20 percent increase in availability of rakes to meet its annual production and sales targets of 461 million tons and 462 mt respectively in 2010-11. The targets were fixed by the Union Coal Ministry recently.

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Coal India's negative balance to hit consumers

April 1, 2010: Coal consumers, who are sore over the dwindling coal supplies from the linked coal blocks of Coal India Limited (CIL), may even face worse times ahead as the navratna coal company is set to end 2010-11 with a negative coal balance of 110 million tons (mt).

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NTPC project hits a roadblock

April 1, 2010: The proposed Kudagi Thermal power plant, a 4,000 Mw ultra mega power project, planned to be set up by the National Thermal Power Corporation at Kudagi in Basavana Bagewadi taluk of Bijapur has hit a roadblock with farmers opposing the acquisition of land for the project.

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Coal India mulls joint venture with Rio Tinto and Peabody

March 31, 2010: Coal India Ltd. (CIL) has finalised two key contenders for its international joint venture (JV) in Australian and US each. The coal majors are Rio Tinto and US coal producer, Peabody Energy.

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Coal blocks allocation on merit of project: Sriprakash Jaiswal

March 30, 2010: Union Coal Minister Sriprakash Jaiswal today said coal blocks would be allocated on the merit of the proposed power projects, including 'likeability' of production, within the current 11 th Plan.

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Coal workers threaten nationwide stir

March 29, 2010: More than 4 lakh coal workers across eight states of the country have decided to go on a three-day nationwide strike from May 3-5, paralyzing work at the coalfields, if the Centre fails to meet their 11-point charter of demands by April 18.

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Coal theft causes power crisis in west Bengal

March 29, 2010: While the government of West Bengal is blaming the shortage of coal for the continuing power crisis in the state, rampant loot of coal in broad daylight from the coal siding is forcing the coal producing company to halt production and supply to the power stations.

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NTPC to develop 500 MW renewable energy projects

March 26, 2010: The National Thermal Power Corporation (NTPC), the state owned power generator, has evinced interest to set up solar and wind projects in Orissa with aggregate generation capacity of 500 MW.

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Ruias to buy Indonesian coal mine for $208 mn

March 26, 2010: The Essar Group on Thursday said it has agreed to acquire a 64-million-ton (mt) coal mine from an unnamed private company in Indonesia as part of its efforts to secure raw material supplies for its proposed thermal power projects in India.

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Orissa to sign MoU with six power companies

March 25, 2010: The Orissa government has decided to sign memorandum of understanding (MoU) with six more Independent Power Producers (IPPs) envisaging an aggregate generation capacity of 5,940 Mw.

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OMC to seek coal block for its subsidiary

March 25, 2010: As part of its plan to foray into coal mining business, the state owned Orissa Mining Corporation (OMC) intends to file formal application with the Union Coal Ministry for allotment of coal mines in favour of its coal subsidiary to be formed soon.

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JSPL to sign Rs 45,000-crore MoU with Orissa govt

March 24, 2010: Jindal Steel & Power Ltd (JSPL) will sign an MoU with the Orissa government to set up a coal-to-liquid (CTL) project in the state with an investment of Rs 45,000 crore. The project includes a power plant and a coal washery.

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NTPC, GPCL tie up for 500 MW power projects in Gujarat

March 22, 2010: State-owned NTPC said it has signed an agreement with Gujarat Power Corporation for executing 500 MW renewable power projects in the state.

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Adani's Tiroda project stuck for want of coal supply

March 19, 2010: Commissioning of Adani Power's 3,300 MW power plant at Tiroda in Maharashtra runs the risk of getting delayed for want of fuel due to an environment hurdle in mining coal, said a person familiar with the development.

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Coal piling up at east coast ports on rake shortage

March 18, 2010: More than 3 million tons (mt) of imported coal are awaiting evacuation at the east coast ports of Paradip, Visakhapatnam and Gangavaram due to non-availability of railway rakes.

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Japanese companies eye Indian power sector

March 18, 2010: Japanese power companies, including Tokyo Electric Power Company (Tepco) and J-Power, seek to make their presence felt in India.

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Eight companies keen to start coal mining in Angul

March 18, 2010: The Orissa government has received proposals from eight companies keen to start coal mining in Angul district.

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MCL to cross 100 mt coal production this year

March 17, 2010: Mahanadi Coalfields Ltd (MCL), the flagship company of Coal India Ltd (CIL), will soon become one of the 10 best coal companies in the world, achieving a coal output of over 100 million tons (mt) by the end of this fiscal, MCL chairman and managing director, S.R. Upadhyay said.

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PFC to pick up 26% stake in power projects

March 17, 2010: State-owned Power Finance Corp (PFC) today said it was keen to pick up as much as 26 percent equity in power generation projects in the country.

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Coal union opposes 15percent stake dilution in CIL

March 16, 2010: Akhil Bharatiya Khadan Majdoor Sangh (ABKMS), a major trade union in Coal India Limited (CIL), has strongly opposed the Centre's move to offload 15 percent stake in the navratna coal firm.

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India close to taking coal from ARA Europe stocks

March 16, 2010: Coal glutted Europe is close to shipping surplus material for the first time from Netherlands stockpiles to India, where import demand is booming, European and Indian traders said.

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No possibility of coal prices falling in the near term

March 16, 2010: The groundbreaking quarterly price contract between the Anglo-Australian BHP Billiton, the world's largest miner and Japanese steel maker JFE Steel on coking coal is of consequence for us because of our growing dependence on imports for the metallurgical grade fuel.

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CIL objects to Vedanta's plant site in West Bengal

March 16, 2010: State-owned Coal India Limited (CIL) has raised objections to the choice of site for Vedanta Aluminium Limited's proposed plant at Bidhanbag near Asansol in West Bengal, saying that it was a coal-bearing region.

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Jharia project moving as per plan: BCCL

March 15, 2010: The chairman-cum-managing director of Bharat Coking Coal Ltd (BCCL), T.K. Lahiry, has expressed satisfaction over the progress on the Jharia Action Plan (JAP), the single largest rehabilitation and compensation plan by any public sector company, and said that it is moving reasonably well.

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India to invest Rs 6698 cr on UG mines

March 15, 2010: India's two leading coal producing companies - Coal India Ltd (CIL) and Singareni Collieries Company Ltd (SCCL) - will invest nearly Rs 6700 crore (about $1.5 billion) over the next few years to increase production of coal from underground mines, Minister of State for Coal Sriprakash Jaiswal said.

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NLC proposes to venture into power generation, mining

December 30, 2009: Neyveli Lignite Corporation today said it plans to venture into power generation and mining industry business.

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Mine fire hits coal supply to Nalco's captive power plant

December 30, 2009: Coal supply to the captive power plant of National Aluminium Company (Nalco) here was hit on Tuesday due to the outbreak of fire at the rapid loading system at the linked Bharatpur coal mine in Talcher Coalfields.

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TN to have 5 merchant power plants by 2012

December 9, 2009: The Tamil Nadu government on Tuesday said it was expecting five merchant power plants to come up in the state with a total installed capacity of 10,000 Mw by 2012.

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Bengal becomes fore-runner in solar power generation

December 9, 2009: West Bengal, on Tuesday, became the forerunner in mega-watt level solar power generation with the commissioning a 2MW grid-connected solar photovoltaic plant at Jamuria, near Asansol.

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1,300MW solar power to be added over three years

December 9, 2009: A day into the Copenhagen climate change meetings, the Ministry of New and Renewable Energy (MNRE) has indicated that it has no definite roadmap to implement its ambitious target of 20,0000 MW of solar power by 2022.

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JSW Energy may enter power distribution

December 4, 2009: Sajjan Jindal-led JSW Energy on Friday said it is exploring opportunities in the power distribution sector to diversify the company's business.

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JSW scouting for coal resources abroad

December 4, 2009: Sajjan Jindal led JSW Group on Friday said it is looking at buying coal mines abroad for feeding its growing steel and power businesses.

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NPCIL studies N-plant for Haryana

December 4, 2009: Nuclear Power Corporation of India (NPCIL) has initiated the process to set up a 4X700-Mw nuclear power project in Haryana, which would be a green project with zero emission.

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Punjab CM keen on setting up N-power plant in Punjab

December 4, 2009: Punjab Chief Minister Parkash Singh Badal today urged Union Power Minister Sushil Kumar Shinde to advise the Nuclear Corporation of India to bear with the state government for the delay in the site selection process for a nuclear power project.

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Coal India IPO likely to hit markets by November 2010

December 3, 2009: Soon investors will get to own a slice of India's largest coal mining company. Coal India its initial public offering will hit markets in November or December 2010.

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BPL in pact with Chhattisgarh to set up power plant

December 3, 2009: BPL Ltd said on December 2, 2009 that it has entered into a pact with Chhattisgarh government to set up a 300 MW coal-based power plant in the eastern state.

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Govt betting big on private power projects

December 2, 2009: The government is betting on a big boost in private power project commissioning to partly make up for the glaring slippages expected in projects executed by the Central Public Sector Undertakings (CPSU) during the current Eleventh Plan period.

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Power Min may invite bids for only 1 UMPP by March

November 26, 2009: The Union Power Ministry may invite qualifying bids for only one ultra mega power project before the end of the current fiscal, a senior official said.

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CIL eyes JVs for overseas exploration, mining ops

November 26, 2009: India's largest coal mining company, plans to form joint ventures for overseas exploration and mining operations to increase coal supplies to Indian user companies, a senior executive said on Wednesday.

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Exodus of Chinese engineers may delay power projects

November 24, 2009: Power projects with a cumulative capacity of 4,000 MW may miss their March commissioning date due to a shortage of engineers from Chinese firms that sold the equipment for these projects, the Minister of State for Power, Bharatsinh Solanki, said in Parliament on November 23, 2009.

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BHEL gets $1.2 bn power plant order

November 24, 2009: Indian power equipment maker Bharat Heavy Electricals Ltd has informed that it had got an order worth Rs 56 billion ($1.2 billion) to build a 1,980 megawatts thermal power plant in north India.

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Private players could be roped in to boost coal output

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Government threatens to cancel coal block allotted to CMDC

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Jindal's 1200 MW plant under cloud

October 17, 2009: The 1200 MW thermal power project of Jindal India Limited at Kaniha,

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CIL's coal price hike may burden thermal power stations

October 17, 2009: The Coal India Limited's (CIL's) move of 11 percent hike in the price of coal is likely to impose

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Coal India to review fuel deals with cement firms

October 4, 2009: Cement companies, which have been struggling to secure coal linkages, may be set for some relief. Coal India (CIL) will remove some clauses that are hindering the signing of fuel supply agreements with cement companies.
 

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GSECL plans to procure 15 lakh MT of imported coal

September 27, 2009: State-run power generation company, Gujarat State Electricity Corporation Ltd (GSECL) intends to procure 15 lakh tons of non-coking steam (thermal) imported coal. The company has invited bids from coal suppliers for supply of coal on high seas sale basis.

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MCL mining contractors to go on strike from October 1

September 26, 2009: MCL Mining Contractors' Association has served an ultimatum to MCL (Mahanadi Coalfields Ltd) authorities to go on strike from October 1 unless its three main grievances are addressed by the end of the current month.

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Turkey focuses on increasing coal production

by Nudrat Alim

September 17, 2009: Production of hard coal in Turkey was recorded at 1 million ton in the first seven months of 2009, as per the World Bulletin.

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India misses energy generation target in July

by Gargi Sahai

September 17, 2009: India's energy generation in the month of July 2009 stood at 62,933 MU, which is 3.43 percent less than the planned generation target of 65169.30 MU, according to a compilation of Central Electricity Authority (CEA).

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Coal consumers suffer as rake shortages delays transportation of coal

by Nudrat Alim

September 17, 2009: Industrial development can take place in totality when supported by a strong logistics platform. However, speaking specifically of coal, industry sources have revealed that the shortage of railway rakes have resulted in unwarranted delays as far as delivery is concerned.

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Large investments mooted to avoid global energy crunch

September 17, 2009: A global energy supply crunch, despite the current worldwide economic slowdown, is imminent if leading companies do not continue to make large investments, chairman of Shell Australia, Russell Caplan, said recently.

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Merrill foresees higher price on higher demand

September 17, 2009: Merrill Lynch & Co. a unit of Bank of America Corp. increased its price forecast for Asian power-station coal in the first week of August because of higher demand from India and China. However, Peabody Energy Corp, the leading global mining company, sees a slowing second half demand from China.

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Coal mine accidents in Colombia, SA, Slovakia

September 17, 2009: As many as eight workers were killed and 12 injured while another 19 were missing in three different accidents involving coal mines in Colombia, South Africa and Slovakia in the first half of August 2009.

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EIA forecasts further fall in US coal consumption

by Chandrika Bose

September 17, 2009: The Energy Information Administration (EIA), an independent statistical organisation within the US Department of Energy, has said in its August report that coal consumption in the country will decline at a much steeper rate in 2009 than the fall projected in the July report.

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China's July coal exports up 9%

September 17, 2009: China's coal exports rose 9 percent in July from the previous month, when they hit their lowest in more than 11 years in June, the country's Customs data said in mid-August.

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Newcastle coal exports rise, Richards Bay down

September 17, 2009: Coal export from Richards Bay Coal Terminal, Africa's largest coal-export facility, fell by nearly 3 percent in July compared with the same month a year ago.

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South Korea July coal imports up 3.7%

September 17, 2009: South Korea's thermal coal imports in July rose 3.7 percent to 8.97 million tons (mt) from 8.65 mt a year earlier, the country's customs data showed on August 16.

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Vietnam to export 2.5 mt coal to China

September 17, 2009: Vietnam, which is planning to cut down its coal exports to meet domestic demand, plans to export 3 million tons (mt) of anthracite coal this year, of which around 2.5 mt is planned to be exported to China, the report said.

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Penal UI charges not to be passed on to consumers

September 17, 2009: The Forum of Regulators, which is chaired by the chairperson of the Central Electricity Regulatory Commission (CERC) and has all the chairpersons of State Electricity Regulatory Commissions as its members, has ruled that the additional unscheduled-interchange (UI) charges imposed on distribution utilities for excessive overdrawal from the grid would not be allowed to be recovered from consumers with effect from August 1, 2009.

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Power producers can transfer power beyond state limits

September 17, 2009: Power producers of the country now do not have to worry about setting up dedicated lines to transmit the power they generate.

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Coal India profits dip on higher input cost

September 17, 2009: Coal India Ltd (CIL), the world's single largest coal producing company, has reported a sharp fall in its net profit in 2008-09 to Rs 2078.69 crore compared to previous year's comparable figure of Rs 5243.27 crore, on hefty rise in its wages and salary bills, the company's chairman P.S. Bhattacharyya said.

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Weak response to MCX imported coal futures

by Chandrika Bose

September 17, 2009: The Multi Commodity Exchange (MCX), which controls 99 percent of India's energy and metals derivatives trade, launched the country's first imported thermal coal futures on August 7.

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WBSEDCL, PFC pact for IT loan

September 17, 2009: West Bengal State Electricity Distribution Company Ltd (WBSEDCL) has signed an agreement with Power Finance Corporate Ltd (PFC) to avail a loan of Rs 159.98 crore for developing IT infrastructure in distribution sector in West Bengal under Restructured Accelerated Power Development and Reforms Programme (R-APDRP).

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SCCL hikes prices by 20%, CIL may follow suit

September 17, 2009: Singareni Collieries Company Ltd (SCCL), a joint venture between government of India and Andhra Pradesh government, has recently raised coal prices by an average of 20 percent, a senior official of a cement company said.

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Environment meet to focus on global awareness

September 17, 2009: India needs to focus more on adoption of green technologies as growth with ecological stability is the real growth and if the country wants that, it cannot ignore the environment, said co-chairman of Energy and Environment Committee of Bengal Chamber of Commerce and Industry, Arun Mukherjee.

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Forest Ministry eases pilot mining norms

September 17, 2009: Coal India Ltd (CIL) can finally expect some development in prospecting coal reserves in forest areas.

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NTPC board clears JV with CIL

September 17, 2009: The board of the National Thermal Power Corporation (NTPC) has given its clearance to form a joint venture with Coal India Ltd (CIL). With this, the proposed 50:50 JV between the two companies is likely to be formed soon.

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Coke prices seen weak at least till September

September 17, 2009: The prices of low ash metallurgical (LAM) coke in India are likely to remain weak at least till September, a top official of a south India based manufacturer told Coal Insights.

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Status of captive coal blocks reviewed

September 17, 2009: A total of 19 more captive coal blocks are likely to reach production stage during the current financial year. This was revealed at a review meeting conducted by the Coal Ministry in August 2009, in which concerns were expressed over the slow pace of development by the allottees of coal blocks for captive use, despite repeated assurances to the contrary.

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Underground fire: Far-reaching effects

September 17, 2009: Underground mine fire in the Jharkhand coal belt has severely affected the lives of the people in this region. Roads, railways, hospitals, schools and residential houses are on the verge of collapse. As per information from the Ministry of Coal, more than a lakh houses are under threat.

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Govt approves Jharia Action Plan

September 17, 2009: The Cabinet Committee on Infrastructure has approved the much awaited Jharia Action Plan (JAP) for dealing with fire, subsidence and rehabilitation and diversion of surface infrastructure within the leasehold of Jharia and Raniganj coalfields for recovery of valuable coking coal.

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Essar Power achieves financial closure for Mahan project

September 14, 2009: Essar Power Ltd, the first independent power producer (IPP) in the country to set up a power plant at Hazira in Gujarat soon after the power sector was liberalised, is set to become a company with total power generation capacity of 6000 MW by 2012, the company's director Anshuman Ruia said.

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CMPDI to strengthen technical manpower

September 17, 2009: The Central Mine Planning and Design Institute (CMPDI), a subsidiary of the Coal India Limited (CIL), has decided to strengthen its technical manpower by recruiting a large number of personnel to cope with the increasing workload.

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Forward e-auction of coal launched

September 17, 2009: Nearly two years after it was suggested in Coal Distribution Policy that was announced in October 2007, the Coal India Ltd (CIL) subsidiaries finally introduced forward e-auction of coal on August 17.

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Focus on transparency in captive coal block auction

September 16, 2009: In an attempt to lure the states so that they do not raise any objections to the proposed move for allotment of captive coal blocks through auction route, the government is considering incorporating a provision under which preference will be given to a company that proposes to set up the end-use industry within the state in which the coal block is located.

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Coal imports to touch 100 mt in 5 yrs: Visa Comtrade chief

by Arusha Das & Rakesh Dubey

September 16, 2009: The Visa Group is headquartered in Zug, Switzerland through its holding company VISA Minmetal AG and operates through its subsidiaries all over the world.

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Maheswari stresses dedicated Govt departments to focus on energy and power sector needs

Rakesh Dubey & Arusha Das

September 16, 2009: Maheswari Brothers Coal Limited is a leading coal trading, processing and beneficiation and logistics service provider in major parts of South, East and Central India for the last 28 years.

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Infra constraints at Talcher hit coal supply

September 16, 2009: Infrastructure constraints at the Talcher coalfield under the command area of Mahanadi Coalfields Limited (MCL) have hit evacuation and supplies of coal.

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Coal importers geared to meet India's rising demand

by Arusha Das

September 16, 2009: Demand for coal is all set to see an upward trend in the coming years. India is striding fast to ramp up its power capacity. Along with that is the demand from other coal hungry sectors.

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Gupta Coal vying to regain coal import share

September 16, 2009: The Nagpur-based Gupta Group has interest in coal, infrastructure, power, mining and logistics with its investment arm Gupta Corporation Ltd; and other operating companies like Gupta Coal (India) Ltd, Gupta Coalfields & Washeries Ltd, Gupta Energy Private Ltd, PT Gupta Coal International and Gupta Infrastructures Pvt Ltd.

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KISPL embarks on two-pronged strategy to serve Indian consumer

September 16, 2009: Knowledge Infrastructure Services Private Ltd (KISPL) is comparatively a new entrant to the Indian coal import scene, but in this short period, it has made a mark for itself by cornering a huge chunk of total imported coal supplies market.

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Private coal importers play key role in energy security

September 16, 2009: Till very recently, supply of imported coal to consumers was largely dominated by and restricted to a few very strong, old and established companies including the state-run MMTC, STC and private sector companies like Adani Enterprises, Bhatia Coal and Agarwal Coal.

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Guj NRE Australian arm to introduce longwall

September 16, 2009: Gujarat NRE Minerals Ltd, the Australian subsidiary of Gujarat NRE Coke Ltd, is in the final stages of commissioning a longwall panel at NRE Wongawilli hard coking coal mine near New South Wales.

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JSW Energy to tap capital market for Rs 3,000 cr

September 16, 2009: Taking a cue from the huge success of initial public offerings (IPOs) of Adani Power and NHPC Ltd to raise funds for their expansion plans, JSW Energy Ltd (JSWEL), a subsidiary of Sajjan Jindal controlled JSW Steel, has also decided to tap the capital market to mobilise funds for its six ongoing projects.

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Tata Power Maithon project achieves 54% completion

September 16, 2009: Tata Power Ltd, which is setting up a 1050 MW power plant at Maithon in joint venture with DVC, has announced that almost 54 percent of the work on the project has already been completed.

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NTPC eyeing S.African coal mining co: report

September 16, 2009: India's largest power producer, state-run NTPC Ltd, is looking to spend up to $1 billion to acquire a South African coal mining firm, a media report said.

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Dalmia Cement coal requirement to double

by Rakesh Dubey

September 16, 2009: Southern India's leading cement manufacturer, Dalmia Cement (Bharat) Ltd, is set to commission its 2.5 million tons per annum (mtpa) greenfield cement plant at Ariyalur in Tamil Nadu and that will double the company's monthly requirement of thermal coal to about 1,00,000 tons per month, the company's managing director, Puneet Dalmia, told Coal Insights.

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Thermal coal reviving steadily

by Arnab Mallick

September 16, 2009: After a steady decline in price till this March, the global thermal coal market is finally showing some steady revival.

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Coking coal bull run on strong China demand

by Arnab Mallick

September 16, 2009: Metallurgical coke, coking coal and injection coal is being actively traded in the market at the moment. As supply is tight, coal price is likely to keep rising in the short term but only by a small extent.

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Show cause notice issued to A.P. power utility

September 13, 2009:The Union Coal Ministry has issued a show-cause notice to the Andhra Pradesh Power Generation Corporation asking it to explain the delay in the development of a coal block. It has also threatened to de-allocate the block, which was allotted in December 2005.

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NCL produces 63.6 million tons of coal

September 12, 2009: Northern Coal Fields Limited, had produced 63.6 million tons of coal and earned Rs 3,131 crore last year, which was 6.75 percent more than the target. This year's target is 66.50 million tons and NCL is going ahead in achieving it, stated chairman and managing director Vinay Kumar Singh.

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Indonesian co keen on trading coal for equity in power projects

September 12, 2009: The large-size power projects announced by various Indian companies seem to have prompted a standalone Indonesian coal miner to come knocking on their doors.

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Coal fetches premium in spot e-auctions

September 6, 2009: There is total lack of buyer interest in Coal India Ltd's recently launched forward e-auction platform

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Centre allots Rs 6,000 cr NTPC-BHEL unit to AP

August 30, 2009: Ending months of suspense, the Government of India has finally allotted the Rs 6,000 crore power projects equipment manufacturing unit of the NTPC-BHEL to Andhra Pradesh.

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CIL to disinvest 10%

August 29, 2009: The government today said the process of disinvestment in Coal India Ltd (CIL) would start soon and in the first phase it would be around 10 percent.

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Tata Power's Q1 profit up 160%

August 29, 2009: Tata Power Company (TPC), India's largest private sector power utility, has posted a consolidated net profit of Rs 572.65 crore for the first quarter of 2009-10, 160 percent higher than the Rs 219.9 crore in the corresponding quarter in the previous year.

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Power cos get nod for global bids

August 29, 2009: The government has allowed NTPC and Damodar Valley Corporation (DVC) to invite global tenders for sourcing supercritical power equipment worth over Rs 25,000 crore. The bulk tender will be invited with a clause on mandatory domestic manufacturing.

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Adani to supply power to MSEDCL at Rs 2.64 per unit

August 29, 2009: The Adani Power Maharashtra Ltd (APML), which is coming up with a 1320 MW power plant at Tiroda in Gondia district, has decided to supply power from its proposed plant at Rs 2.64 per unit to the Maharashtra State Electricity Distribution Company Ltd (MSEDCL).

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CESC announces acquisition of 51% stake in Dhariwal Infrastructure

August 29, 2009: CESC Ltd on Friday announced the acquisition of a 51% stake in Dhariwal Infrastructure Ltd, a Manikchand group company, for Rs 200 crore. CESC vice chairman Sanjiv Goenka said the company has built up a Rs 1000-crore corpus to fund similar acquisitions in the future.

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L&T lowest bidder for Koradi project

August 29, 2009: Heavy engineering and equipment maker Larsen & Toubro has emerged as the lowest bidder for supplying boiler-turbine-generator (BTG) to Maharashtra State Power Generation Company's (Mahagenco) proposed 1,980 MW thermal power plant at Koradi in Nagpur.

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Cos may be asked to sell surplus coal at discount

August 29, 2009: Steel, power and cement companies will have to sell surplus coal from their captive blocks for 20% less than the government-determined price, according to a policy being framed by the Coal Ministry.

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Essar Energy to start CBM production by year-end

August 21, 2009: The Ruias-promoted Essar Energy will begin production of coal-bed methane (CBM) from Raniganj block in West Bengal from December 2009. It would be producing the gas -- which is found in coal seams -- from 15 wells in the first phase.

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CIL to import coal for first time

August 21, 2009: State-run Coal India Ltd (CIL) will start import of non-coking coal from December to meet the requirement of power generating firms.

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GMR plans Rs 3,200-cr coal power plant

August 21, 2009: GMR Infrastructure, the Rs 4,500-crore Bangalore-based infrastructure developer with a focus on power generation, airports development, highways and urban infrastructure, is understood to be initiating plans for an 800-MW coal-fired power plant on the eastern coast of India.

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Australian policy to benefit Suzlon, Tata Power

August 20, 2009: Domestic power majors Suzlon Energy and Tata Power, which have renewable energy projects in Australia, will benefit as that country is implementing a law to ensure 20 percent of the country's electricity comes from renewable sources by 2020.

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Power majors vie for MahaDiscom's supply contract

August 20, 2009: Seven private power generators, including Reliance Power, Adani Power, Essar Energy and the state-owned power trader PTC India, have evinced
interest in supplying 2,000 MW to Maharashtra State Electricity Distribution Company (MahaDiscom). The commercial bid for the same will be opened next week.

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Monnet power plant work on schedule

August 18, 2009: Despite hiccups in land acquisition, the progress of the 1005 MW power plant being put up by Monnet Ispat and Energy Limited near Angul is on schedule.

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Coal India plans subsidiary in Mozambique

August 18, 2009: Coal India Ltd (CIL), which was awarded two exploratory coal blocks in Mozambique

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MMTC scraps controversial coal tender

August 18, 2009: MMTC Ltd has scrapped its controversial tender for the import of 12.5 million tons (mt) of coal valued at Rs 6,000 crore for NTPC Ltd

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Forest Ministry likely to relax norms for pilot coal-mining projects

August 16, 2009: Coal India Ltd may finally expect some headway in prospecting coal reserves in forest areas.

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Coal blocks for companies setting up end-use industry

August 15, 2009: The government is planning to incorporate a provision in the proposal for auction of coal blocks

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Talcher power plant faces cost escalation of Rs 300cr

August 14, 2009: Jindal India Thermal Power Limited, which is setting up a 1200MW power plant at Dereng village near Talcher, has recorded a cost escalation of about Rs 300 crore due to the eight-month delay in the beginning of its construction work.





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CMPDI develops coal excavation measurement method

August 14, 2009: The Ranchi-based Central Mine Planning and Design Institute (CMPDI), in collaboration with National Remote Sensing Centre (NRSC), department of space, has developed a methodology for rapid and accurate measurement of excavated volume of overburden/coal in opencast coal mines using Light Dedtection Ranging (LiDAR) Technology.

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Coal India hopes to raise Rs 6,000 cr from stake sale

August 13, 2009: Coal India Ltd (CIL), which is actively pursuing the issue of disinvestment with the Centre, aims to raise Rs 6,000 crore through a stake sell of 10 percent.

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Tata NYK Shipping to sign long-term charter for capesize vessels

August 13, 2009: As part of its long-term strategy, Tata NYK Shipping Pte Ltd, the Singapore-based joint venture (50:50) between Tata Steel and Nippon Yusen Kabushiki Kaisha (NYK Line), a Japanese shipping major, proposes to enter into long-term charter for capesize vessels, according to the Tata Steel annual report.

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Jaiprakash Power, L&T in Rs 4K cr pact

August 13, 2009: Larsen & Toubro Ltd will supply and construct boiler and steam turbine and generator (STG) islands for a 1,320 MW thermal power project that Jaiprakash Power, the power unit of Jaypee Group, is setting up in Madhya Pradesh.

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Mahagenco, BHEL ink MoU for power JV

August 13, 2009: An MoU to form a JV was signed between Mahagenco, the state utility's generation arm, to set up a 1,320 MW thermal power plant in this Maharashtra town.

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Govt demands 70% coal blocks for power sector

August 12, 2009: The state government has urged the Central government to reserve 70 percent of coal blocks for the power sector.

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East Central Railway's coal loading takes a hit

August 12, 2009: Coal loading, which accounts for the bulk of freight loading of the East Central Railway (ECR) -- 70.02 million tons (mt) out of the total of 76.71 mt in 2008-09 -- is causing concern to the authorities of the Hajipur-based zonal railway.

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Coal India to import 4 million tonnes of coal

August 11, 2009: The public sector Coal India Ltd (CIL) is planning to import around four million tonnes of coal within this fiscal, CIL Director, Marketing, A. K. Sarkar, said. Given the lower calorific value of Indian coal, the proposed quantum is equivalent to six million tonnes of domestic coal.

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Coal India eyeing tie-ups with global mining firms

August 11, 2009: State-run Coal India Ltd (CIL) is looking to tie up with global mining firms to jointly mine for coal abroad.

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CIL eyeing joint ventures with BHP, Rio Tinto

August 10, 2009: In a bid to expand its footprint overseas, the state-run coal producer Coal India Ltd (CIL) is looking to tie up with global mining firms such as BHP Billiton, Rio Tinto and Anglo American to mine coal abroad and has floated an expression of interest (EOI) for the same.

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Austral Coke unit acquires mining licences in W.Africa

August 10, 2009: Austral Coke and Projects Ltd said that its unit Astra Energy Ltd SARL, has acquired 16 mining licences in Guinea in West Africa. Astra Energy has acquired 12.63 lakh acres of land for mining iron ore, bauxite and manganese, Austral Coke said in a statement.

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India plans e-auction of coal blocks in 2010

August 10, 2009: India plans to begin e-auction of coal mines for captive use by industries in 2010, Junior Coal Minister Sriprakash Jaiswal said.

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L&T bags orders worth Rs 853 crore

August 5, 2009: Larsen & Toubro has won orders worth Rs 853 crore for setting up two coal handling plants.

The orders are from UP Rajya Vidyut Utpadam Nigam and Neyveli Lignite Corporation, it said in a statement to the stock exchanges.

Source: The Economic Times

CIL claims supplying sufficient coal to power plants

August 5, 2009: Coal India Ltd (CIL) said it has supplied as much as 96 percent of the annual contracted quantity (ACQ) of coal to 78 power plants in the country between April and July 2009, and despite this around 31 plants on an average were facing 'critical' coal stock position.

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First forward e-auction by WCL on August 17

August 5, 2009: Coal India Ltd (CIL) subsidiary Western Coalfields Ltd (WCL) is set to launch on August 17, the much awaited forward e-auction of coal wherein it will offer around 5.82 lakh tons of coal from six loss making underground mines.

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NTPC'll make green power

August 4, 2009: State-owned National Thermal Power Corporation (NTPC) plans to diversify into nuclear and renewable energy as part of its strategy to 'go green'. The company has a capacity of 30,000 megawatt (mw), a fifth of India's total installed capacity of 150,000 mw.

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UP Power Corp proposes 20% hike in electricity tariffs

August 2, 2009: Reeling under heavy losses, the Uttar Pradesh Power Corporation Ltd has proposed an average hike of 20 percent in the power tariffs for different categories of consumers, official sources said on Saturday.


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NTPC Q1 net increases 27%

July 28, 2009: NTPC Ltd, India's largest power generator, posted a 27 percent rise in net profit for the first quarter.

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R-Power achieves financial closure for Butibori unit

July 28, 2009: Reliance Power has said it has achieved financial closure for its 300-MW group captive power project being set up at Butibori near Nagpur in Maharashtra.

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S.Africa Jan-June exports to Asia around 1.4 mln T

July 26, 2009 - Coal exports from South African to Asia excluding India and Pakistan in
January-June have increased slightly as compared to 2008'e levels to about 1.4 million tons, industry sources said

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GMR unit acquires EMCO Energy

July 26, 2009: GMR Energy Ltd, the fully owned subsidiary GMR Infrastructure has acquired EMCO Energy Ltd, which is developing a 600-MW coal-based power plant in Warora, Maharashtra.

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Southern region continues to face power shortage

July 25, 2009: Despite the monsoon pick-up, the southern region continues to reel under power shortages.

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CESC yet to get land in full for Haldia project

July 25,2009: The financial closure for CESC Ltd's proposed Rs 2,400 crore, 2X 300 MW-thermal power plant at Haldia is delayed as a small parcel of land is not available.

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Central mine institute on revamp mode with eye on new coal reserves

July 25, 2009: Central Mine Planning and Design Institute Ltd (CMPDIL) is planning a major revamp of its exploration activity to locate untapped coal reserves in the country, said A. K. Singh, Chairman and Managing Director.

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Gujarat NRE to set up two greenfield plants

July 21, 2009: Gujarat NRE Coke Ltd (GNCL), an independent producer of low ash metallurgical (LAM) coke, plans to set up two greenfield plants -- one each in Gujarat and Andhra Pradesh --with a production capacity of 1 million tons (mt).

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Adani Power's sells 36 million shares

July 21, 2009: Adani Enterprises-promoted Adani Power said the company had sold 36 million shares to a founder group firm and to private equity firm 3i.

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Vedanta to bid for UMPPs, coal blocks

July 20, 2009: Vedanta Resources chairman Anil Agarwal said the company would bid for ultra mega power projects (UMPPs) and coal blocks as and when the government put these on auction and added that it had plans worth Rs 70,000 crore till 2011-12.

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Over 45,000 Mw capacity addition behind schedule

July 19, 2009: At a time when the government is trying hard to add power generation capacity of over 78,000 Mw during the current Five-Year Plan, projects of over 45,000 MW currently under construction are running behind schedule. The latest data obtained from the Central Electricity Authority (CEA) says that projects behind schedule include around 35,000 Mw of thermal power projects and rest 10,000 MW of hydro power projects, a major chunk of which is scheduled to be commissioned during the current Plan period ending March 2012.

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Jindal buys S.Africa Kiepersol coal mine

July 18, 2009: Jindal Steel & Power has bought the Kiepersol thermal coal mine in South Africa, industry sources said.

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Mineral production up 3.79% in April

July 18, 2009: Mineral production in the country showed a growth of 3.79 percent in April 2009 compared with the corresponding month, last year. However, on the flipside, production was lower by 15.85 percent as compared to the previous month.

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HPGCL secures coal supply from Coal India

July 18, 2009: The Haryana Power Generation Corporation Limited (HPGCL) has secured coal supply for its power stations by signing a Fuel Supply Agreement (FSA) with three major subsidiaries of Coal India Limited (CIL), namely Central Coalfields Limited (CCL ), Bharat Coking Coal Limited (BCCL) and Northern Coalfield Limited (NCL).

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Even biggies have to queue up for coal blocks

July 12, 2009: They may commit investments of thousands of crores but Mittal, Tata or SAIL will have to bid like anyone else if they want coal blocks for their power or steel projects, Coal Minister Sriprakash Jaiswal has said.

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NTPC to set up 4,000 MW power plant in Chhattisgarh

July 11, 2009: National Thermal Power Corporation (NTPC), will sign a deal with the Chhattisgarh government on July 12, 2009 for setting up a 4,000 MW coal-fired power plant in the state, said officials.

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Equipment supply delays hit power capacity addition

July 11, 2009: The government's power capacity addition programme is hampered by delays in equipment supply from companies such as state-owned Bharat Heavy Electricals Ltd (BHEL), the Power Minister, Sushil Kumar Shinde, said in Parliament.

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'Huge opportunities for investments in power sector'

July 11, 2009: Global majors, corporates and financial institutions have an 'India strategy', according to Ahmed AR Buhari, founder president and CEO, Coal and Oil Group of Companies. The company is putting up a 1,200-MW thermal power plant near Thoothukudi.

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Sterlite to invest Rs 20,000 crore in capacity addition

July 10, 2009: Sterlite Industries (India), the country's largest private sector power producer, is planning to invest Rs 20,000 crore over the next year to create additional capacity of 4,500 MW.

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NTPC coal stock super critical

July 10, 2009: The current stock of coal at NTPC, India's biggest thermal power producer, presents a grim picture.

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Essar Power to hike power generation capacity

July 10, 2009: Essar Power, part of the Ruia family-controlled conglomerate, has firmed up plans to invest Rs 20,000 crore to scale up its power generation capacity - by 4,800 MW to 6,000 MW - in three years to cater to the growing demand for electricity in the country.

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Independent regulator for coal sector likely

July 9, 2009: With the entry of private sector in coal mining, the government is mulling setting up of a regulatory body to ensure a level playing field for new entrants in the sector.

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CIL to issue coal utilisation notices to 19 firms

July 9, 2009: The Coal Ministry has asked Coal India (CIL) to issue notices to 19 power units - operated by companies such as Jubiliant Organosys, Aditya Aluminium International, Vidharba Power and Hindalco Industries - to show effective utilisation of coal allotted to them by the government.

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No limit to number of UMPPs with one firm

July 8, 2009: The government has ruled out any possibility of putting a cap on the number of ultra mega power projects (UMPPs) allotted to a single player, citing legal impossibility in doing so.

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JSW Energy to set up super critical thermal power plant

July 8, 2009: Sajjan Jindal-promoted JSW Energy said it plans to set up a 3,200-MW super critical thermal power plant entailing an investment of Rs 15,000 crore at Ratnagiri in Maharashtra.

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Budget expected to help power sector

July 8, 2009: Measures announced by the new government in its budget report for 2009-10 for the power sector will give a thrust to investments to the power industry.

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Toshiba-JSW plans Tamil Nadu power equipment unit

July 8, 2009: After auto major Nissan, another Japanese MNC, Toshiba, is betting big on Tamil Nadu for boosting its power equipment business.

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Rlys to identify partner for Bengal thermal power station

July 4, 2009: Indian Railways will shortly identify the joint venture partner for its proposed 1,000 MW thermal power

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Govt revokes coal supplies to 25 pvt power cos

July 4, 2009: India has cancelled allocation of coal supplies to 25 private power companies for not setting up plants that can annually generate 1,292 megawatts, said the coal minister.

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CIL shortlists 10 names for abandoned mine venture

July 2, 2009: Coal India Ltd (CIL) has shortlisted 10 parties for participating in tenders for extracting coal from abandoned mines. About 12 entities had shown interest.

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Power transmission equipment may see duty-free imports

July 1, 2009: The government is considering a proposal to allow duty-free imports of transmission equipment required for new projects.

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Power companies seek investment-intensive budget

July 1, 2009: India's power companies are hoping the federal budget will encourage the much-needed investments in the sector.

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Three more UMPPs in the offing in 2009-10

June 29, 2009: The Power Ministry plans to award three more ultra mega power projects (UMPPs) of 4,000 MW capacity each this fiscal, a move that will help ease the severe power shortages in many parts of the energy-starved country.

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OERC to consult Pune firm on renewable energy policy

June 28, 2009: The Orissa Electricity Regulatory Commission (OERC) has roped in Pune-based World Institute of Sustainable Energy (WISE) to provide consultancy service on the development of renewable energy policy guidelines.

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Captive capacity idles in Gujarat on insufficient gas

June 28, 2009: Around 4,500 MW of installed captive capacity in Gujarat is lying idle due to shortage of gas.

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Rlys banks upon thermal, wind power generation

June 28, 2009: The Indian Railways plan to have another thermal power plant even as their Nabinagar project, to come up in a joint venture with country's largest power producer NTPC Ltd, has remained a non-starter.

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Captive coal mine owners need 26% in venture

June 27, 2009: Steel, cement or power companies that sit on captive coal mines will have to own a minimum 26 percent equity in their mining ventures, according to the new guidelines approved by the government for mining of coal from captive blocks.

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CIL shortlists 10 for developing abandoned UG mines

June 26: Coal India Ltd (CIL) has rejected the bids of Reliance Natural Resources Ltd (RNRL), Sterlite Industries, Rajan Mining and Wenzhou Hongyuan Construction Co Ltd for developing its 18 abandoned and closed underground (UG) mines but has shortlisted a total of 10 firms for the purpose.

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OERC stays OPTCL load restriction order

June 25, 2009: Orissa Electricity Regulatory Commission (OERC) has stayed the operation of the load restriction order issued by the Orissa Power Transmission Corporation Ltd (OPTCL) to restrict the drawing of industrial load up to 10 MW.

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Forests may be hit by fast track coal mining

June 25, 2009: The government's decision to give fast track clearance to coal mining projects in degraded forests may help boost coal production but it bodes ill for the country's forest cover.

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Jaiswal seeks state support for coal mining projects

June 25, 2009: To fast track the implementation of coal mining projects deferred on account of environmental clearances or land acquisition problem, Union coal minister Sriprakash Jaiswal asked for greater cooperation and support from state governments.

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Jaiprakash Power to merge with Jaiprakash Hydro

June 25, 2009: As a precursor to mobilising around Rs 3,000 to Rs 4,000 crore through qualified institutional placement (QIP), Jaiprakash Power Venture Ltd, the wholly owned subsidiary of Jaiprakash Associates Ltd, is set to merge with Jaiprakash Hydro Power Ltd, a company listed on the Indian bourses.

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Coal sector to get regulator soon

June 25, 2009: The Centre has initiated work on setting up a regulatory body for the coal sector on a fast track basis.

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NTPC, CIL concentrate on foreign mining assets

June 24, 2009: National Thermal Power Corporation (NTPC) and Coal India Ltd (CIL) are at advanced stages of acquiring mining assets in Mozambique, Indonesia and Australia, as the new government firms up plans to meet the growing energy demand.

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Nalco adds 120 MW capacity at Angul unit

June 22, 2009: State-run National Aluminium Co Ltd (Nalco) has added 120 MW capacity at its captive power plant under the ongoing second phase of expansion.

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CIL, PSEB to discuss coal shortage at power plants

June 22, 2009: Worried about the dwindling coal stock at thermal power plants, Punjab State Electricity Board (PSEB) would take up the matter with Coal India Ltd (CIL).

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NLC to go by Centre's decision on disinvestment

June 21, 2009: The management of Neyveli Lignite Corporation, which has chalked out multi crore investment programme, does not see the row over disinvestment a big issue though the ruling Government has set its face against the Centre diluting its stake in core sector companies like NLC and Salem Steel plant.

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NLC chalks out Rs 40,000 cr investment

June 21, 2009: Neyveli Lignite Corporation is in rapid expansion mode and has chalked out Rs 40,000 crore investment both in the mining and power generation sectors during the Eleventh and Twelfth plans. The 52 year old company is also venturing into new projects with fuels other than lignite.

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NLC wants market prices for its power

June 21, 2009: Neyveli Lignite Corporation (NLC) Ltd is not too happy with the cost-plus tariff fixation by the Central Electricity Regulatory Commission (CERC), as its depreciated plants fetch tariff that is much lower than what it could get from the market.

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Ennore Coke ties up coking coal deals with Rio Tinto, BMA

June 19, 2009: Ennore Coke Ltd, a domestic maker of coking coal, has finalised the annual coking coal contracts starting April 1 this year with its international suppliers Rio Tinto and BHP Billiton Mitsubishi Alliance (BMA), a joint venture of BHP Billiton and Mitsubishi Development Pty Ltd.

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Surface miner to scale up Lingaraj coal mines output

June 18, 2009: To boost coal despatch to the beleaguered 3,000-MW NTPC Kaniha plant - which is reeling under acute coal crisis - authorities of the NTPC-linked Lingaraj coal mines at the Talcher Coalfields have decided to procure a surface miner on outsourcing.

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Centre may sell CIL stake

June 18, 2009: In a bid to restart the disinvestment process, the government is planning to sell up to 10 percent of its stake in Coal India Ltd (CIL), the country's largest coal producer.

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Kakodkar speaks in favour of cheaper power

June 18, 2009: India should look at generating cheaper power and private companies need to collaborate with the department of atomic energy to manufacture equipment for this segment so that costs come down. This was the view of Atomic Energy Commission chairman and department of atomic energy secretary Anil Kakodkar.

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Hindalco set to buy Australian coal mine

June 18, 2009: Hindalco Industries is close to acquiring a coal mine in Queensland, Australia, in a deal estimated at $70 to $80 million (about Rs 336-385 crore).

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Private investment in coal sector

June 17, 2009: The coal sector is set to open to private investment.

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Coking coal production up 34.3% in April

By Chandrika Bose

June 16, 2009: India's coking coal production in April 2009 stood at 2.692 million tons (mt), up by 34.3 percent compared to 2.004 mt produced in the corresponding month of the previous year, according to information available with Steel Insights. Production for the month was also 0.455 mt higher than last month's production which stood at 2.237 mt.

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Kolkata imports 50% of coking coal among 4 major ports

By Chandrika Bose

June 16, 2009: Coking coal imports through four major Indian ports in April 2009 stood at 1.414 million tons (mt), according to information available with Steel Insights.

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Coking Coal Imports Via 19 Ports Up In May

By Chandrika Bose

June 16, 2009: Coking coal imports through 19 major and minor ports in India stood at 2.627 million tons (mt) in May this year, an increase of 0.602 mt over last month's imports, according to data compiled by Steel Insights.

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Coal firms set to deliver after final contract

By Arnab Mallick

June 15, 2009: After a hectic two months of action on the negotiation front, the coking coal market seemed to be taking a breather in May. After completion of the benchmark annual contract deals, players are busy getting set to actually deliver them.

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Coke deficiency hits India

June 15, 2009: Coke has always been a pain point for Indian industries, primarily for the domestic steel sector. Since coking coal is scarce in India, met coke availability poses a time constraint for the Indian steel industry.

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NTPC to buy Jharkhand's thermal station

June 14, 2009: NTPC is close to acquiring Jharkhand State Electricity Board's Patratu Thermal Power Station (PTPS).

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SAIL to import hard coking coal from BHP Billiton

June 11, 2009: Steel Authority of India Ltd (SAIL) and BHP Billiton have finalised a long term contract for hard coking coal (various grades) at between $113 to $128 fob.

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Tata Power earnings expected to rise

June 10, 2009: With Tata Power now in a position to sell 100 MW of power from its Trombay unit as merchant sales, the company's earnings for the current year should get a slight boost.

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KSK Energy to hike Chhattisgarh power plant capacity

June 10, 2009: KSK Energy Ventures Ltd, a Hyderabad-based power project development company, has received consent from the Chhattisgarh government to enhance the power generation capacity of the Wardha Chhattisgarh power plant at Nariyara to 3,600 MW.

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Private firms may be allowed commercial coal mining

June 8, 2009: The government may allow commercial coal mining by private companies as it looks to plug the demand-supply gap in the sector, considered crucial to India's long-term energy security, according to an official in the Coal Ministry.

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Toshiba-JSW JV to set up power equipment unit in Tamil Nadu

June 7, 2009: In a move that could boost India's plans for setting up power plants based on supercritical technology, the Tamil Nadu government has given its nod to the Toshiba-JSW joint venture for setting up a supercritical power equipment manufacturing facility near Chennai.

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Coal sector gains with new mines, efficiency

June 7, 2009: Commissioning of new projects and better mining efficiency pushed up the coal sector's growth in April to 13 percent, compared with 10.4 percent growth in the same month last year, according to the Index of Industrial Production (IIP) figures released on Tuesday.

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Suzlon hikes stake in REpower Systems to 90.72%

June 6, 2009: Suzlon Energy, the world's fifth largest turbine maker, has said it has completed the acquisition of Martifer Group's stake in REpower Systems AG, which now takes Suzlon's total shareholding in REpower to 90.72 percent.

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Gujarat NRE Coke in race for Rey Resources

June 5, 2009: India's largest met coke producer Gujarat NRE Coke has said it has made a Rs 53.21 crore bid to take over the Australian mining company Rey Resources, which termed the move as "unsolicited" and decided to oppose it.

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Indian firms push up S African coal purchase

June 3, 2009: Steel, cement and power companies are rushing to buy South African coal -- hitherto a premium commodity -- attracted by a sharp fall in prices.

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Multiple UMPPs with one firm cause for concern

June 2, 2009: Power minister Sushilkumar Shinde has said awarding multiple ultra mega power projects (UMPPs) to a single company was a cause for concern as it could lead to execution delays.

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Govt may hike coal prices

May 30, 2009: The government may consider hiking the prices of domestic coal, Sriprakash Jaiswal, the minister of state for coal (independent charge), said.

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NTPC lines up $12 bn capex over 3 years

May 30, 2009: NTPC Ltd plans to invest Rs 550 billion ($12 billion) in the next three years, to add 24,000 MW of generation capacity, a top official has said.

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NTPC, CIL plan venture for mining, power plant

May 30, 2009: NTPC Ltd and Coal India Ltd (CIL) will shortly enter into an agreement for launching a 50:50 joint venture for mining coal as well as setting up a 4,000 MW pit head power plant at Brahmani coal block near Rajmahal coalfields in Jharkhand.

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GMR Infra acquires Singapore-based power utility

May 30, 2009: GMR Infrastructure said that it has acquired Singapore-based power utility Island Power for an undisclosed amount.

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Adani commissions first unit of Mundra plant

May 27, 2009: Adani Group's power arm Adani Power Ltd (APL) has kicked off generation at the first unit of its 4,620 MW coal-based thermal power plant at Mundra.

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R-Power may sell carbon credits worth Rs 4,000 cr

May 27, 2009: Reliance Power is expected to earn more than Rs 4,000 crore over the next 10 years by selling carbon credits from its upcoming Sasan power project in Madhya Pradesh.

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CIL may have to increase prices

May 26, 2009: Coal India (CIL) may need to hike coal prices by at least 13 percent if it has to take up all its proposed expansion projects and retain its earlier profit trends in 2009-10.

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Bhel bags Rs 703-cr thermal power plant order

May 26, 2009: Bharat Heavy Electricals Ltd (Bhel) has secured an order of Rs 703 crore for the main plant package at the upcoming Bela Thermal Power Project in Maharashtra, involving one new rating unit of 270 MW.

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Power cos ready to pay import parity price to CIL unit for low-ash coal

May 24, 2009: Use of new generation technology, enforcement of stricter pollution control norms and a marked improvement in efficiency of the power generation sector requiring an assured supply of low-ash coal in much larger volumes than ever before, may finally offer some breathing space for Eastern Coalfields Ltd (ECL), the ailing subsidiary of Coal India Ltd.

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Essar Energy to raise Rs 400 cr debt

May 24, 2009: Essar Energy is planning to raise a debt of Rs 400 crore to fund its project to produce gas found on coal beds, called coal bed methane (CBM) in its Raniganj block in West Bengal.

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Lack of quality coal trips Mahagenco's power production

May 23, 2009: Power production at the seven thermal power stations of Maharashtra State Power Generation Company Ltd (Mahagenco) has dipped by about 8 percent since March due to problems in quality of coal.

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More of TNEB's thermal plants develop snags

May 23, 2009: More of the thermal power stations of the Tamil Nadu Electricity Board (TNEB) have developed snags.

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NTPC Q4 net profit up 58%, declares 8% dividend

May 23, 2009: NTPC Ltd, India's largest power generator, has posted a 57.7 percent rise in net profit for the quarter ended March 2009 at the back of increased power generation, owing to fresh capacity addition.

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CIL indicates rise in coal prices to remain profitable

May 21, 2009: Coal India Ltd (CIL) Chairman P S Bhattacharyya on May 21 said the company may not be able to report enough profit in 2009-10 to take up new projects and continue paying dividend to government unless it increases coal prices.

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CIL's profit before tax in FY09 falls 51 percent to Rs 4238.58 crore

May 21, 2009: Coal India Ltd (CIL), the world's single largest coal producing company, on May 21 reported 2008-09 profit before tax and dividend of Rs 4238.58 crore, showing a fall of 51.42 percent over Rs 8738.46 crore recorded in 2007-08.

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Metal firms sell power during demand slump

May 20, 2009: Metal producers are selling their surplus power to compensate the losses from production cuts due to slowing of demand.

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Jindal Stainless to supply more power to state grid

May 19, 2009: Jindal Stainless Ltd (JSL) has increased supply of power to the state grid.

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Gujarat NRE to hike Australian coking coal capacity

May 19, 2009: Gujarat NRE Coke plans to ramp up production at its two Australian coking coal mines from 0.8 million tons (mt) in 2008-09 to 2 mt this fiscal.

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East Coast Rly may depend more on coal

May 18, 2009: The not-so-bright prospects of iron ore exports through Paradip and Visakhapatnam ports might force East Coast Railway (ECoR) to depend more on coal traffic.

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CIL to award contracts for seven underground mines in 6 months

May 16, 2009: State-run Coal India is likely to award the turnkey contracts for its Rs 2,500-crore project to develop seven underground mines with an estimated reserve of 400 million tonnes in six months, a top company official said.

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Adani Power may commission first Mundra unit next week

May 15, 2009: Adani Power is targeting commissioning of the first 330-MW unit of the proposed 4,620 MW coal-based Mundra thermal power plant by next week.

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Bhel gets order for Chhattisgarh thermal power plant

May 15, 2009: Government-owned power equipment maker Bharat Heavy Electricals Ltd (Bhel) has bagged an order worth Rs 1,475 crore for a 600-MW thermal power plant in Chhattisgarh.

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Tata Power moves Supreme Court on Sasan case

May 14, 2009: The row over the Sasan ultra mega power project refuses to subside.

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GMR Energy plans 2,000-MW thermal power plant

May 12, 2009: GMR Energy, a subsidiary of Bangalore-based infrastructure company GMR Infrastructure Ltd, will set up a 2,000-MW thermal power plant near a port on the west coast.

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DVC to raise Rs 2,000 crore from debt market

May 12, 2009: Damodar Valley Corporation (DVC) has decided to raise Rs 2,000 crore from the debt market in order to fund the first phase of the proposed 500-MW Bokaro A super critical project.

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JSW Energy to set up 2,000-MW thermal power projects

May 11, 2009: JSW Energy is planning to invest Rs 8,000 crore to build two thermal power projects of a combined capacity of over 2,000 MW in Chhattisgarh and Orissa in the current fiscal year.

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Coal India to get incentives for extra supply to power cos

May 9, 2009: Coal-starved thermal power generation utilities will give incentives to Coal India by making extra payment to it for supplying the dry fuel to them more than the minimum threshold level.

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Peabody Energy signs JV with Polo Resources

May 8, 2009: Peabody Energy announced that the company has entered into a renegotiated agreement to create a 50-50 joint venture with Polo Resources Limited's Mongolian coal interests.

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Govt approval for new coal blocks may speed up

May 8, 2009: Companies may soon get all necessary government approvals when they are allotted new coal blocks, thus saving them five years of red tape.

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New power house for Tatas JV in Jamshedpur

May 7, 2009: Industrial Energy - a joint venture between Tata Power and Tata Steel - has commissioned a 1x120 MW power house 6 at Jamshedpur.

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JSPL plans Australian JV for coking coal mining

May 6, 2009: Naveen Jindal-led Jindal Steel & Power (JSPL) is in advanced talks with New South Wales-based mining firm Hudson Resources to form a joint venture (JV) for exploration and mining of coking coal in Australia, said a person who is mediating in the proposed venture.

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Siemens net up at Rs225 cr, bags Rs1380 cr order from Adani

May 4, 2009: Engineering major Siemens Ltd, has recently secure an order worth Rs1380 crore from Adani Power.

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ICVL may bid for a coal block in Mozambique

May 4, 2009: International Coal Ventures Ltd (ICVL); an SPV created by five PSU majors including Coal India and SAIL may bid for a coal block in Mozambique this month.

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Jindal Steel in talks with Aussie co for coking coal exploration JV

May 2, 2009: Naveen Jindal-led Jindal Steel & Power (JSPL) is in advanced talks with New South Wales

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R-Power may not get entire Sasan coal

May 2, 2009: Reliance Power, an Anil Dhirubhai Ambani Group (ADAG) company, may not get its full quota of coal

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PTC India Q4 net dips 19%

May 2, 2009: Power Trading Corporation said that its net profit for the fourth quarter ended March 31, 2009,

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Coal output down for Anglo American in Q1

April 30, 2009: Anglo American lowered its production in the quarter ended March 31, 2009 against the previous quarter. Demand for Eskom coal was down and this prompted a 10.9 percent decrease in output from the previous quarter.

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RNRL to buy 6 ships for coal transport

April 30, 2009: Reliance Natural Resources (RNRL), a part of the Reliance Anil Dhirubhai Ambani Group (R-ADAG), has decided to procure six ships by the next quarter to transport coal from international destinations to India for its proposed 4,000-MW ultra mega power project (UMPP) in Krishnapatnam.

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Bhushan Energy to supply 150 MW to Orissa grid

April 28, 2009: Bhushan Energy Ltd (BEL), which is setting up a 2,000-MW power plant near Angul at an investment of Rs 8,483 crore, will supply 150 MW power to the state grid.

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NTPC keeps up the good work

By Neha Prasad

April 28, 2009: National Thermal Power Corporation (NTPC) has always prided itself on keeping one step ahead of the national average. At a time when coal shortage is affecting power generation across the domestic power segment, NTPC has once again posted figures to prove itself the leader in this financial year.

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NTPC plans power projects in Kazakhstan

By Lokenath Tiwary

April 28, 2009: National Thermal Power Corporation Ltd (NTPC) plans to set up power projects in Kazakhstan so that it is able to import coal from that country for its power plants.

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SCCL scores high amidst recession

By Arusha Das

April 28, 2009: The public sector coal mining firm Singareni Collieries Company Limited (SCCL) beating the heat of recession posted excellent figures for the fiscal 2008-2009 once again exceeding its targeted production. This is the seventh consecutive year that the company surpassed its production targets after its turnaround since 2002-03.

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SECL helps CIL post 6.39% growth in coal output

April 28, 2009: Navratna company Coal India Ltd's (CIL) focus in response to India's growing demand for coal to meet its energy generation target has led to an impressive 6.39 percent increase in production in 2008-09.

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MCL seeks separate coal company

April 28, 2009: Even as coal production at Talcher coalfield under Mahandi Coalfields Ltd (MCL) reached 57.5 million tons (mt) in the last financial year, a separate coal company for the region remains a distant possibility.

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JSW to buy thermal coal mine in Africa

April 27, 2009: Sajjan Jindal-led JSW Energy is close to acquiring a sub-Saharan African thermal coal mine, which has reserves of more than 200 million tons, to minimise dependence on other overseas companies, said a person with direct knowledge of the development.

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NHPC all set to heat up thermal power sector

April 26, 2009: Public sector NHPC, a hydroelectric power producer, has decided to spread its wings nationally in the thermal power business, a move that will put it into direct competition with larger peer NTPC, the country's biggest power producer.

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ONGC ties up with Uranium Corporation

April 25, 2009: Oil exploration major ONGC has said it has signed a memorandum of understanding with the Uranium Corporation of India for sub-surface exploration of uranium.

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Indiabulls to raise Rs 3,000 crore for power projects

April 25, 2009: Property developer Indiabulls Real Estate has said its board had approved a plan to raise $600 million (Rs 3,000 crore) through qualified institutional placement (QIP) of securities.

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Coal stocks at critical level for thermal power plants

April 24, 2009: Some 36 percent of India's thermal power stations are facing an acute fuel problem and are operating on coal stocks of less than a week, coinciding with the summers.

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NHPC net up 4.6%

April 24, 2009: NHPC, the country's largest hydroelectric power producer, has registered a 4.6 percent increase in net profit for the year ended March 31, 2009.

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NTPC to foray into consultancy, mining services

April 23, 2009: NTPC, India's largest power producer, plans to cash in on its decades-old experience in handling coal mines by spinning off a separate unit that will offer consultancy and mining services to companies which have been allotted captive mines.

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Financial closure for Sasan power project

April 22, 2009: Reliance Power (R-Power), part of the Reliance Anil Dhirubhai Ambani Group (R-ADAG) has announced financial closure for its Rs 19,400-crore ultra mega power project at Sasan in Madhya Pradesh.

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Adani coal mining may hurt Maharashtra tiger reserve

April 22, 2009: The Bombay High Court has issued a notice to Adani Group for mining coal in 1,750 hectares at Lohara village in Chandrapur district closely located to buffer zone of Tadoba Andhari Tiger Reserve.

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Generation capacity must keep pace with transmission

April 21, 2009: India's state-run power companies are furiously fuelling growth in the transmission sector but find slack generation capacity addition a hurdle, industry officials and analysts said.

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Spot Deal of Australian thermal coal

April 20, 2009: A spot deal of 90,000 tons for delivery in fourth quarter of 2009 was realized on April 16, 2009 at Australian thermal coal market by loading at Newcastle (Phys NEWC) of globalCOAL at $70 per ton fob.

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DES ARA Index plunges

April 20, 2009: The weekly index price at DES ARA Index of globalCOAL recorded a slip in the week ended on April 17, 2009.

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Marginal dip in the Richards Bay Index

April 20, 2009: The Richards Bay Index price for thermal coal for delivery within July 2009 witnessed a small decline in the week ended on April 17, 2009.

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Drop in the Newcastle Index

April 20, 2009: Newcastle weekly index price in the week ended on April 17, 2009 for delivery within July 2009 dipped marginally by 0.18 percent over the last week's level.

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Power Grid may not fully utilise capex for 11th Plan

April 19, 2009: Power Grid Corporation India Ltd (PGCIL) may not be able to fully utilise its Rs 55,000-crore capex for the Eleventh Plan due to delays in setting up some of the hydro and ultra mega power projects, said S. Majumdar, Director (Projects), PGCIL.

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PFC ups focus on power equipment, coal mining, consortium lending

April 18, 2009: Power Finance Corporation (PFC) is looking to expand its focus on funding of power equipment manufacturing capacities and coal mining activities from this fiscal.

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Lanco Infratech to invest Rs 15,000 cr in power

April 18, 2009: Lanco Infratech Ltd (LITL) has firmed up plans to make up to Rs 15,000 crore capital investments in the power sector during 2009-10.

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BEML eyes Latin American mining market with Brazil unit

April 18, 2009: BEML's Brazilian production facility has got going and will be the platform for the promising Latin American mining market, the defence PSU announced.

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Bhel thermal sets generate more power in '08-09

April 17, 2009: Power generation in the country received a boost, with Bhel-built thermal sets generating over 4 percent more power in fiscal 2008-09, compared to the previous fiscal.

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State gives more time to Gidderbaha thermal project RFQ

April 17, 2009: Punjab State Electricity Board (PSEB) has extended the date for submission of request for qualification (RFQ) for the 2,640-MW coal-based Gidderbaha thermal power project due to non-allocation of coal linkages for the project.

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Bhatia Coal India, Vitol in dispute

April 17, 2009: Bhatia Coal India, a subsidiary of the Bhatia International Group, terminated a coal supply contract with traders Vitol and has initiated arbitration proceedings to settle a payment dispute, according to Bhatia officials.

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Ennore Coke eyes 90% in Broughton coal mines

April 16, 2009: Ennore Coke Ltd, a domestic manufacturer of metallurgical coke, is looking to acquire 90 percent in Broughton coal mines of Australia, valued at about $12 million and having estimated reserves of 30 million tons (mt) of coking coal.

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JSW Energy to put Rs 5,000 crore into power projects

April 16, 2009: Sajjan Jindal-led JSW Energy will invest Rs 5,000 crore in power projects of 1,200 MW capacity during the current financial year.

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Peabody Energy announces results for the quarter ended March 31, 2009

April 16, 2009: At a time when most companies are straining to remain profitable, Peabody delivered higher year-over-year revenues in the first quarter of 2009.

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No expansion for Germany's HKM

April 15, 2009: German semis producer Hüttenwerke Krupp-Mannesmann (HKM) has decided not to go ahead with expansion at its coking plant.

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CIL to increase, outsource drilling

April 14, 2009: Aiming to increase its annual drilling capacity to 1 million metres by the end of 2010-11 with an estimated Rs 500 crore, Coal India Ltd (CIL) will outsource a part of its drilling work.

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Orissa set to get 2 more UMPPs

April 14, 2009: The Centre plans to set up two new ultra mega power plants (UMPPs) in Orissa. Those projects are proposed to come up closer to the sea and will have a generating capacity of 4,000-MW each. The state will get 50 percent of the power generated from the two new UMPPs.

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CIL to participate in US trade show

April 14, 2009: Coal India Ltd (CIL), the country's largest coal producer, would be participating in the 'Coal Prep' trade show this year, to be held in the US.

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Tata Power to seek Supreme Court help in Sasan appeal

April 14, 2009: The Delhi High Court has dismissed a petition filed by Tata Power, challenging the government's decision to allow Reliance Power (RPL) to divert excess coal from captive mines of Sasan power project to its other power projects.

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DES ARA Index moves up

April 13, 2009: The weekly index price at DES ARA Index of globalCOAL recorded a growth in the week ended April 10, 2009.

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Marginal hike in the Richards Bay Index

April 13, 2009: The Richards Bay Index price for thermal coal for delivery within July 2009 witnessed a marginal hike in the week ended on April 10, 2009.

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Growth in the Newcastle Index

April 13, 2009: Newcastle weekly index price in the week ended on April 10, 2009 for delivery within July 2009 dipped by 4.09 percent over the last week's level.

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Power PSUs form JV to set up equipment testing facility

April 12, 2009: In an attempt to cut down the delays in power projects caused by the lack of a proper equipment testing facility in India, the power ministry has got four Public Sector Undertakings (PSUs) to form a joint venture to set up a domestic testing facility.

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Prospects bleak for recovery in coal prices

April 12, 2009: For nearly nine months now, the global coal market has been languishing with weak demand, limited supply-side response and prices staying above most producers' operating costs.

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'China can help India achieve power target'

April 12, 2009: China could play an important role in helping India achieve its targeted 100,000 MW electricity generation capacity by 2012, according to Mao Siwei, Chinese Consul General.

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Tata Steel negotiates coking coal contracts for 2009-10

April 10, 2009: Tata Steel has negotiated coking coal contracts for 2009-10 at $129 per ton fob.

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BHEL orders touch new high in FY09

April 10, 2009: The country's biggest capital goods firm, Bharat Heavy Electricals (BHEL) has something to cheer about in the midst of the economic slowdown as it has received new orders worth Rs 59,700 crore during the year ended March 31, 2009. This is its highest in a year and 20 percent more than the previous fiscal.

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CIL asks subsidiaries to prepare rake requirement list

April 10, 2009: Faced with the problem of coal off take especially during the last quarter of any fiscal (January-March) owing to inadequate availability of rakes from the Indian Railways, Coal India Limited (CIL) has directed its eight subsidiaries to prepare a list of their respective rake requirement for different periods of the year.

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Damodar Valley projects may actually cost less

April 10, 2009: The meltdown may reduce the actual cost of Damodar Valley Corporation's (DVC) 4,700-MW coal-based thermal capacity addition projects by Rs 1,000 crore.

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NTPC to add 3,300 MW

April 10, 2009: National Thermal Power Corporation Limited (NTPC), the largest power generating company in India plans to add 3,300 MW of power in 2009-10.

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Over half the power capacity addition target missed last fiscal

April 10, 2009: Fresh power capacity addition has fallen short of target by over a half in the year 2008-09, because of the delay in supply of critical components in thermal projects and non-availability of fuel.

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Installed capacity of CGPs to increase by 440 MW

April 10, 2009: The installed capacity of the Captive Generating Plants (CGPs) in Orissa is set to increase by more than 400 MW by the end of the current year.

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Ennore Coke, BHP, Anglo Coal in pact soon

April 10, 2009: Encouraged by the softening prices of coking coal in the international market, Ennore Coke Limited, a domestic manufacturer of metallurgical coke is close to securing its annual long-term contract of coking coal beginning April 1 this year with its international suppliers.

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Physical ARA (DES) deals of ACPRS coal

April 9, 2009: Three spot deals were realised on April 7 at the physical thermal coal market of globalCOAL.

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West Bengal steel projects shift to non-coal bearing zones

April 9, 2009: The Buddhadeb Bhattacharjee government and Coal India Ltd (CIL) have reached an agreement that will pave the way for relocation of four big ticket projects.

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Australian thermal coal spot deals

April 9, 2009: Two spot deals were realised on April 7 at the Australian thermal coal market by loading at Newcastle (Phys NEWC) of globalCOAL.

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Physical ARA (DES) deals of ACPRS coal

April 8, 2009: Six ARA (DES) deals of ACPRS (Australian, Colombian, Polish, Russian and South African) coal were realized on April 6, 2009, at the physical thermal coal market of globalCOAL.

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Gujarat NRE Coke upbeat about future

April 8, 2009: Gujarat NRE Coke Ltd is going forward with its development and production plans in Australia as scheduled. It also intends to expand its production base in India.

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Coal exports from South Africa's Richards Bay Coal Terminal

April 8, 2009: Coal exports from South Africa's Richards Bay Coal Terminal (RBCT) increased by nearly 4 percent to 4,848,649 tons during March 2009, as per data released by the Tex Report.

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Spot deals of South African thermal coal

April 8, 2009: Three spot deals were realized on April 6, 2009 at the South African thermal coal market (physical RB) of globalCOAL.

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Spot deals of Australian thermal coal

April 8, 2009: Two spot deals of 35,000 tons each for delivery in June 2009 were realized on April 6, 2009 at the Australian thermal coal market by loading at Newcastle (Phys NEWC) of globalCOAL at $64.25 per ton fob.

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Spot deals of South African thermal coal

Aapril 7, 2009: Two spot deals were realized on April 3, 2009 at the South African thermal coal market (Physical RB) of globalCOAL.

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Physical ARA (DES) deals of ACPRS coal

Aapril 7, 2009: Four physical ARA (DES) deals (delivered at Amsterdam/Rotterdam) of C (Colombian) coal were realized on April 3, 2009 at the physical thermal coal market of globalCOAL.

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Spot deal of Australian thermal coal

April 7, 2009: A spot deal of 180,000 tons for delivery in 2010 was realized on April 3, 2009 at the Australian thermal coal market to be loaded at Newcastle (Phys NEWC) of globalCOAL, at $77 per ton fob.

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MCL clocks 9.46% growth in coal output

April 5, 2009: Mahanadi Coalfields Ltd (MCL), the flagship company of Coal India Ltd (CIL), has posted 9.46 per cent growth in coal production in 2008-09 (FY09), outpacing the 7 per cent growth recorded by its parent company, CIL.

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Singareni outperforms output targets

April 4, 2009: Singareni Collieries Co Ltd announced it has outperformed the coal production target by 9.7 per cent, registering production of 44.54 million tonnes (mt) during 2008-09. The colliery had targeted output of 41.50 mt last fiscal.

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CIL to start production at Mozambique coal block soon

April 3, 2009: The Mozambique coal block allotted recently to Coal India Ltd (CIL) is likely to go into production over the next two to three years.

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CIL recruits 320 trainees in 2008-09

April 1, 2009: Coal India Ltd (CIL), the world's single largest coal producing company, has recruited a total of 320 management and engineering trainees through campus recruitment during the financial year 2008-09.

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Areva invests in power plants in TN

April 1, 2009: Areva T&D India, the Rs 2600-crore transmission and distribution division of France-based Areva SA, inaugurated a high-voltage manufacturing site at Padappai, near Chennai, as part of its all India expansion plans.

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New CERC norms from April 1

April 1, 2009: Operators of power grids of all state power utilities across the country will have to abide by a more stringent frequency range as notified by Central Electricity Regulatory Commission (CERC), or face severe penal measures, from April 1.

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NMDC to tie up with S African firm for mineral assets

March 31, 2009: State-owned mining giant NMDC would soon join hands with South Africa's Kopanao Ke Metla Investment Company for acquiring coal, iron ore and manganese properties in African nations.

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CESC to finalise land for Orissa power unit soon

March 31, 2009: CESC Ltd, the flagship company of the Kolkata-based RPG Group, expects to complete land acquisition for its proposed 1,000-MW coal-based power plant at Neulapoi in Orissa's Dhenkanal district within three months.

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Four firms in race for NMDC coal venture

March 31, 2009: Four companies -- Sophia Power (in which L.N. Mittal is an investor), Adani Power, KSK Power and Monnet Ispat -- are in the race for participating in NMDC's thermal coal venture.

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Tata Power adds 250 MW capacity at Trombay

March 31, 2009: Tata Power Company (TPC), India's largest private power utility, has commercialised the 250-MW unit 8 of its Trombay Thermal Power Station in Chembur near Mumbai.

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Coal India may invite tenders by June 2009

March 28, 2009: Coal India expects to invite tenders for extracting coal from underground mines by June 2009. It has already concluded a few rounds of pre-NIT (notice for inviting tenders) meetings, and has sent pre-NITs to all the nine shortlisted parties.

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Vale in Mozambique coal project

March 28, 2009: Vale has launched a $1.3bn (£908.5m) coal mining project in Mozambique which will make it the second-largest coal producer in Africa.

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ArcelorMittal Poland plans renovation, shutdowns

March 26, 2009: ArcelorMittal Poland has indefinitely postponed renovation of the closed blast furnace No. 3 at its Krakow plant.

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UK's coal production increased to 17.91 million tons in 2008

March 26, 2009: UK in 2008 witnessed a growth of 5.3 percent in its coal production and reached 17.91 million tons mark compared to the production figure in 2007.

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Spot deals of Australian thermal coal

March 26, 2009: Three spot deals of 90,000 tons each for delivery in the third quarter 2009 were realized on March 24, 2009, at the Australian thermal coal market by loading at Newcastle (Phys NEWC) of globalCOAL, all at $64 per ton fob.

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Spot deal of South African thermal coal

March 26, 2009: A spot deal of 300,000 tons for delivery in 2010 was realized on March 24, 2009 at the South African thermal coal market (physical RB) of globalCOAL at $77 per ton fob.

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Japan coal price talks strike a balance

March 26, 2009: Japan's integrated mills and Australia's BHP Billiton Mitsubishi Alliance has managed a compromise of sorts in its coal price settlements.

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Domestic sales and exports by PT Tambang Batubara Bukit Asam

March 25, 2009: PT Tambang Batubara Bukit Asam (PTBA) of Indonesia during 2008 sold around 7.97 million tons (mt) of coal in the domestic market, up by 19.1 percent from the domestic sales' figures during 2007.

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Coal Production by PT Tambang Batubara Bukit Asam

March 25, 2009: PT Tambang Batubara Bukit Asam (PTBA) of Indonesia witnessed a rise in its coal production in 2008.

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Domestic sales and exports by PT Berau during calendar year 2008

March 25, 2009: PT Berau Coal of Indonesia during 2008 sold a total of around 4.91 million tons (mt) of coal in the domestic market. This is 11.2 percent more than the sales quantum during 2007.

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CIL to implement CBM demo scheme

March 25, 2009: Coal India Ltd (CIL) is going ahead with implementation of the demonstration scheme for coal bed methane (CBM) and coal mine methane (CMM) in two separate coal blocks of Bharat Coking Coal.

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Coal Production by PT Berau during calendar year 2008

March 25, 2009: PT Berau Coal of Indonesia produced 12.92 million tons of coal during calendar year 2008 which moved up by 9.4 percent compared to the corresponding period last year. According to Tex Report data, the company produced 11.81 million tons in 2007.

Source: Coal Insights Bureau

CIL plans to explore coal block within 18 months

March 25, 2009: Coal India Ltd (CIL) expects the exploration of coal block for its proposed coal gasification project in joint venture with Oil & Natural Gas Corporation (ONGC) to be done within 18 months.

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Physical ARA (DES) deals

March 25, 2009: On March 23, 2009 at physical thermal coal market of globalCOAL, two ARA DES deals of ACPRS (Australian, Colombian, Polish, Russian and South African) coal were realized.

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Spot deals of South African thermal coal

March 25, 2009: The South African thermal coal market (physical RB) of globalCOAL witnessed settlement of four spot deals on March 23, 2009.

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Host states may get more power from NTPC

March 25, 2009: NTPC may soon get to allocate an additional 15 percent output from its new projects to the home state where the plant is located, a power ministry official said on condition of anonymity.

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Spot deals of Australian thermal coal

March 25, 2009: Six spot deals were realized on March 23, 2009 at the Australian thermal coal market by loading at Newcastle (Phys NEWC) of globalCOAL.

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Talcher PPP coal project to start production next year

March 24, 2009: India's first coal project being taken up in a public-private partnership (PPP) mode is expected to begin production by the middle of next year.

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Lack of rakes hits CIL coal offtake

March 24, 2009: Coal India Ltd (CIL) continues to grapple with inadequate supply of rakes by Indian Railways, which has hit the firm's coal offtake, especially during the second half of this fiscal.

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SCCL to seek bids for power capacity addition

March 24, 2009: State-owned Singareni Collieries Company Ltd (SCCL) will invite fresh tenders for upgrading its 6-MW power plant to 20 MW at Kothagudem in Khammam district of Andhra Pradesh. The project is estimated to cost about Rs 100 crore.

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Physical ARA (DES) deals

March 24, 2009: A spot deal of 150,000 tons of ACPRS (Australian, Colombian, Polish, Russian and South African) coal for delivery in the fourth quarter 2009 was realized on March 24, 2009 at the physical thermal coal market of globalCOAL at $68.60 per ton.


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Spot deals of South African thermal coal

March 24, 2009: Six spot deals of 75,000 tons each were realized on March 20, 2009 at the South African thermal coal market (physical RB) of globalCOAL.

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Spot deals of Australian thermal coal

March 24, 2009: Two spot deals for delivery in June 2009 were realized on March 20, 2009 at the Australian thermal coal market by loading at Newcastle (Phys NEWC) of globalCOAL.

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DES ARA Index continues to move up

March 23, 2009: The weekly index price at DES ARA Index of globalCOAL sustained its growth even in the week ended on March 20, 2009.

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Hike in the Richards Bay Index

March 23, 2009: The Richards Bay Index price for thermal coal for delivery within June 2009 witnessed a hike in the week ended on March 20, 2009.

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Dip in the Newcastle Index

March 23, 2009: Indicating a fluctuating trend, Newcastle weekly index price in the week ended March 20, 2009 for delivery within June 2009, dipped by 2.89 percent over the last week's level.

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NTPC, Coal India impasse on fuel supply pact ends

March 22, 2009: The impasse over signing of fuel supply agreement (FSA) between NTPC and Coal India Ltd has been resolve and the FSA will be signed shortly.

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NTPC, Coal India impasse on fuel supply pact ends

March 22, 2009: The impasse over signing of fuel supply agreement (FSA) between NTPC and Coal India Ltd has been resolve and the FSA will be signed shortly.

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'Power sector set to meet capacity addition targets'

March 21, 2009: The domestic power sector is all geared to meet the annual capacity addition targets said power secretary, V.S. Sampath.

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Coal import target revised by 40%

March 21, 2009: With the aim to increase fuel availability for power plants in the country, the government has revised upwards the coal import target by 40 percent to 35 million tons (mt) for the next fiscal, even as the coal ministry claims that India has sufficient coal to meet its needs.

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SAIL imports coking coal at $150 a ton

March 21, 2009: The Steel Authority of India Ltd (SAIL) is importing coking coal at a price of $150 a ton, informed industry sources told ICMW on March 20. However, SAIL officials could not be contacted for comments.

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Adani start generation at Mundra plant in April

March 20, 2009: Adani Power may take the first step towards power generation from its proposed 4,620-MW thermal power plant at Mundra next week.

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Govt plans 3 more UMPPs next fiscal

March 19, 2009: The government will award three more ultra mega power projects (UMPPs) of 4,000 MW capacity each in the next financial year.

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EMD hike hits e-auction coal buyers

March 20, 2009: Coal consumers across the country sourcing from Coal India Ltd (CIL) through the e-auction mode are sore over the recent rise in earnest money deposit (EMD) for procurement of coal and the bulk transport of e-auction coal through the road route, which has pushed up the cost of the raw material.

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Work restarts at major power projects

March 20, 2009: Project work at four large power plants has resumed. The companies have placed increased orders with their suppliers and vendors, raising them to pre-October levels, mainly as they see no point in suspending onsite work.

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Ramsarup Industries bags Rs 164-crore order

March 20, 2009: Ramsarup Industries bagged orders worth Rs 164 crore for the Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) electrification work from the West Bengal State Electricity Distribution Co.

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Coal imports by South Korea in February 2009

March 19, 2009: South Korean coal imports stood at 7.29 million tons (mt) in February 2009, down by 4.1 percent at an average price of $118.19 per ton cif, up by 41.9 percent compared to the corresponding period last year.

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Coal coke exports by USA in January

March 19, 2009: Coal coke exports by USA saw a decline of 6.63 percent during January 2009 compared to the corresponding period of the previous year.

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CIL to award revival contracts for abandoned mines in 2009-10

March 19, 2009: Coal India Ltd (CIL) expects to complete the tendering process for revival and development of the abandoned coal mines, having reserves of about 1.6 billion tons, by the end of 2009-10.

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India Infrastructure Fund to fund Essar Power expansion

March 19, 2009: At a time when companies are finding it difficult to raise funds, an IDFC group company is investing Rs 350 crore in Essar Power to part-finance the latter's ongoing expansion projects.

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Opportunities still abound for mining & metals sector

March 19, 2009: Operators in the mining and metals industry have enjoyed an unprecedented boom over the past decade as China, India and other rapidly-developing economies sought to modernise their infrastructure and a rising middle class was able to afford cars and other metals intensive goods for the first time.

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Coal imports by USA in January 2009

March 18, 2009: United States imported a total of 1.12 million tons (mt) of coal at an average price of $74.36 per ton cif in January 2009.

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Straits Resources expects a 5-10 percent hike in coal production

March 18, 2009: Straits Resources Ltd. of Australia has set its expected coal production at 9 million tons (mt) to 9.5 mt in the calendar year 2009, which would help the company register a hike of 5 to 10 percent compared to the previous year. The company produced 8.58 mt of coal during the calendar year 2008.

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Coal coke production by China in February 2009

March 18, 2009: China produced 24.23 million tons of coal coke in February 2009, down by 3 percent compared to the corresponding period last year.

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Spot deal of South African thermal coal

March 18, 2009: A spot deal of 50,000 tons for delivery in April 2009 was realized on March 16, 2009 at the South African thermal coal market (physical RB) of globalCOAL at $55 per ton fob.

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Coal Exports by the NSW Ports

March 17, 2009: Exports of thermal and coking coal from Australia's New South Wales (NSW), Newcastle Port have increased by 1.4 percent during January 2009 as compared to the corresponding period in 2008, as per the data released in a recent Tex Report.

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Average import prices of coal paid by Taiwan in January 2009

March 17, 2009: Taiwan imported coking coal at $255.52 per ton cif in the month of January 2009.

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Coal exports by China Shenhua decreased

March 17, 2009: China Shenhua Energy Co Ltd. recorded a growth of 1.4 percent in its saleble coal production in February 2009 compared to the corresponding period last year. The company produced 15 million tons of saleble coal during the month.

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Coal coke exports by China in January 2009

March 17, 2009: Coal coke exports by China stood at 0.074 million tons during January 2009 at an average price of $372.7 per ton fob.

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Physical ARA (DES) Deal of ACPRS coal

March 17, 2009: A physical deal of ACPRS (Australian, Colombian, Polish, Russian and South African) coal deal was realized on March 13, 2009 at the market of globalCOAL, ARA (DES) at $57.65 per ton.

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Kudagi thermal plant gets NTPC nod

March 17, 2009: National Thermal Power Corporation has given technical approval for the establishment of a coal-based thermal power plant at Kudagi in Basavanabagewadi taluk of Bijapur district.

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Tata Power may lower stake in Mundra UMPP

March 17, 2009: Tata Power Company, India's largest private power utility, may be the first firm to divest part of its shareholding in an ultra mega power project (UMPP) to finance capacity additions of 5,660 MW.

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Tata Power denies coal mine stake sale plans

March 17, 2009: Tata Power Company has set to rest speculation that it was trying to sell its stake in two Indonesian coal mines owned by PT Bumi Resources.

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Coking coal production in Jan down 4.9%

By Chandrika Bose

March 16, 2009: India's coking coal production in January 2009 stood at 3.29 million tons (mt), down by 4.98 percent compared with 3.46 mt produced in the corresponding month of the previous year, according to information available with Steel Insights.

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MCL yet to totally outsource overburden removal

March 16, 2009: Mahanadi Coalfields Ltd (MCL), the second largest subsidiary of Coal India (CIL), is yet to introduce outsourcing of overburden removal work in five targeted open cast mines due to opposition by the workers trade unions, mainly in the Ib valley area.

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JSW in talks for Australian mining JV

March 16, 2009: Sajjan Jindal-led JSW Steel has initiated talks with an Australian mining firm to form a joint venture (JV) for exploration and mining of coking coal in Queensland, Australia, according to a person mediating in the proposed venture.

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Hike in the DES ARA Index

March 16, 2009: The weekly index price at DES ARA Index of globalCOAL moved up in the week ended on March 13, 2009.

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Dip in the Richards Bay Index

March 16, 2009: The Richards Bay Index price for thermal coal for delivery within June 2009 witnessed a decline in the week ended on March 13, 2009.

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Upward movement in the Newcastle Index

March 16, 2009: Newcastle weekly index price in the week ended March 13, 2009 for delivery within June 2009, moved up marginally by 0.64 percent over the last week's level.

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Ukraine firm seeks lower raw material prices

March 15, 2009: Ilyich Iron & Steel Works has called for an open price calculation of iron ore and coking coal during the steel market slump.

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Posco deals not the benchmark

March 15, 2009: Japanese mills are not considering a pricing deal between Posco and some Australian suppliers of low-volatile PCI coal as the benchmark for 2009.

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NMDC, S African firm to form JV

March 15, 2009: NMDC is set to enter into a joint venture with Kopano Ke Matla Investment Company - the investment arm of South Africa's largest trade union federation, the Congress of South African Trade Unions (Cosatu) - for acquiring manganese, coal and iron ore blocks in South Africa.

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IIFCL to raise funds for power projects

March 15, 2009: India Infrastructure Finance Company Ltd (IIFCL) has said it will raise $250 million (about Rs 1,250 crore) from the overseas market for funding seven projects, including Reliance Power Sasan power project and Tata Power's Mundra power project.

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Price cuts on local mining companies' radar

March 14, 2009: With days to go for a fresh round of negotiations for annual global price contracts, domestic mining majors like NMDC, Sesa Goa and a host of other iron ore miners are keeping an eagle eye on the situation.

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Chinese coke export market slumps

March 13, 2009: China exported only 30,000 tons of coke in February, against the usual 1 million tons per month levels.

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CIL gets two coal blocks in Mozambique

March 13, 2009: In its first acquisition of an overseas coal block, Coal India (CIL) has been allocated two blocks at Moatize (in Tete Province) of Mozambique.

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NTPC plans expansion of Rihand project in 2009-10

March 12, 2009: The Rihand Project of National Thermal Power Corporation (NTPC) is all set to expand in the next financial year, under which two units of 500 MW each are likely to be installed.

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CIL's new washeries to be operational by 2011-12

March 11, 2009: Coal India Ltd (CIL) expects to complete the tendering process for setting up 15 new washeries in its different subsidiaries on a build, operate and maintain basis by the end of 2009-10.

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PT Bayan expands coal production

March 10, 2009: PT Bayan Resources Tbk of Indonesia has announced that it plans to expand its coal production to 9.5 million tons (mt) in the calendar year 2009 by expanding its existing coal mines and adopting few other measures.

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Spot deal of South African thermal coal

March 10, 2009: A spot deal of 50,000 tons for delivery in April 2009 was realized on March 5, 2009, at the South African thermal coal market (physical RB) of globalCOAL, at $57 per ton fob.

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Physical ARA (DES) deal of Colombian coal

March 10, 2009: A physical deal of C (Colombian) coal for delivery in April 2009 was realized on March 5, 2009, at the physical thermal coal market of globalCOAL, ARA (DES) deal (delivered at Amsterdam/ Rotterdam) at $56.50 per ton.

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Spot deal of Australian thermal coal

March 10, 2009: A spot deal of 15,000 tons for delivery in May 2009 was realized on March 5, 2009 at the Australian thermal coal market by loading at Newcastle (Phys NEWC) of globalCOAL, at $61.50 per ton FOB.

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India likely to miss Eleventh Plan power target

March 10, 2009: The Planning Commission has once again raised doubts over achieving the targeted power capacity addition of over 78,000 MW planned in the current Plan period (2007-2012).

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CIL gets mineral rights in Mozambique

March 9, 2009: Coal India (CIL) has bagged mineral concessions for two mining blocks in Mozambique. The two virgin mining blocks - spread over 200 square km - could be possessing between 500 million tons and 1 billion tons of thermal and coking coal.

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CIL targets 6 mt imports next fiscal

March 7, 2009: Coal India Ltd (CIL) is targeting imports of 6 million tons (mt) of coal in the next financial year.

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Coal India awarded two blocks in Mozambique

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KEC bags 3 orders worth Rs 365 crore

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CMPDIL to get mini-ratna status

March 6, 2009: The Central Mine Planning & Design Institute Limited (CMPDIL) is likely to get mini-ratna status very soon.

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GMDC may buy stake in 14 projects

March 6, 2009: Gujarat Mineral Development Corporation (GMDC) is weighing options to pick up stakes in various projects slated in the state. The mining major is eying 26 percent stake each in 14 different projects to be set up by leading companies.

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Coal e-auction not too popular

March 6, 2009: The Planning Commission's proposal to hike the quantum of coal sold through e-auction to 20 percent of total production, from the current level of 10 percent, seems overambitious.

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CIL to start talks for UG mine bids

March 6, 2009: Coal India (CIL) would negotiate the tender document with prospective bidders for development of its seven identified underground mines on March 7.

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Gridco to buy 500 MW from captive plants

March 6, 2009: Grid Corporation of Orissa (Gridco) plans to purchase about 400 to 500 MW of surplus power from the captive power plants (CPPs). This will help ensure uninterrupted supply of power to consumers and tide over any possible shortage in the state over the next four months.

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Price slump hits coal importers

March 6, 2009: The global slowdown has taken a toll on those who import coal and has, in the process, shifted the balance of power in favour of domestic buyers.

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MCL lowers coal output target

March 5, 2009: Mahanadi Coalfield (MCL) - under Coal India (CIL) - has revised its coal output target for the current year downwards, on the basis of achievement made till date, which hovers below expectations.

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BEML to join hands with Indonesian firm for contract mining

March 5, 2009: BEML Ltd has entered into an agreement with Indonesia's Sumber Mitra Jaya to bid jointly for contract mining business in India.

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India invites Canadian mining companies

March 5, 2009: India has sought investment and expertise from Canada - a global leader in mining - and asked its firms to exploit rich resources in Orissa and Chhattisgarh, saying the sector was poised for big growth.

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Tata-Sasol, JSPL get coal blocks for CTL venture

March 4, 2009: The Tata-Sasol joint venture and Jindal Steel & Power have been awarded a coal block each for the coal-to-liquid (CTL) project, entailing an investment of $18 billion.

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Govt may open up PPP route in coal mining

March 4, 2009: The Centre may soon open doors for commercial coal mining by allowing joint ventures (JVs) between private and state-run companies.

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NTPC to commission Solapur project in 2013

March 3, 2009: NTPC's Solapur Thermal Power Project is expected to be commissioned in 2013.

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Spot deals of Australian Thermal coal

March 3, 2009: Two spot deals were realized on February 27, 2009 at the Australian thermal coal market by loading at Newcastle (Phys NEWC) of globalCOAL.

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Spot deal of South African thermal coal

March 3, 2009: A spot deal of 50,000 tons for delivery in April 2009 was realized on February 27, 2009 at the South African thermal coal market (physical RB) of globalCOAL, at $58.25 fob.

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Coal consumers may need separate pacts with logistics providers

March 2, 2009: Coal consuming sectors may need separate agreements with logistics providers for ensuring smooth supplies of coal.

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Work starts at NLC Tuticorin power project

March 2, 2009: Work has commenced at NLC Tamil Nadu Power's (NTPL) 1,000-MW (2x500 MW) coal-fired thermal project at Tuticorin.

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Pranab calls for greater investment in power sector

March 1, 2009: With India's power requirement likely to touch 8,00,000 MW by 2031-32, the country would require an investment of Rs 6,00,000 crore, said finance minister Pranab Mukherjee.

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GMR Group looking at coastal sites for power plants

February 28, 2009: GMR Group, which has completed two major acquisitions of coalfields in Indonesia and South Africa recently, is on the lookout for possible sites in Gujarat, Maharashtra, Andhra Pradesh and Orissa to set up power plants.

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Invensys to execute 15,000 MW thermal power project in India

February 28, 2009: Invensys Process Systems (IPS), a global technology, software and consulting firm, is executing 15,000 MW of thermal power projects in India, informed a top company official.

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Ennore Coke seeks lower coking coal prices

February 27, 2009: Ennore Coke Ltd, a domestic manufacturer of metallurgical coke, is negotiating with its global coking coal suppliers - like Rio Tinto and BHP Billiton - to secure an annual long-term contract at $140 to $150 per ton.

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Lanco may bag UP power plant

February 27, 2009: Hyderabad-based Lanco Kondapalli has emerged as the front runner for the proposed 1,980-MW thermal power plant at Bara in Allahabad district.

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Spot deals of Australian thermal coal

February 27, 2009: Three spot deals were realized on February 25, 2009 at the Australian thermal coal market by loading at Newcastle (Phys NEWC) of globalCOAL all for delivery in April 2009.

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Japan eyes Indian market for clean coal pilot project

February 27, 2009: Japan is targeting the Indian market for a clean coal technology pilot project, set up by the New Industrial Technology Development Organisation (NEDO).

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Coastal Energen power project to get Chinese equipment

February 26, 2009: Harbin Power of China will supply the boiler, turbine and generator for Coastal Energen Pvt Ltd's 1,200-MW coal-based power project at Tuticorin.

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GMR Energy buys Indonesian coal miner

February 26, 2009: GMR Energy has taken over 100 percent of Barasentosa Lestari PT, an Indonesian coal mining company, for $80 million.

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GMR Infra may buy Indonesian coal mine

February 25, 2009: GMR Infrastructure is close to acquiring an Indonesian coal mine, with which it has been carrying on negotiations for some time.

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Coke exports by Russia in 2008

February 25, 2009: Coke exports by Russia in the calendar year 2008 witnessed a drop of 4.8 percent and reached a little above 3 million tons compared to the corresponding period last year.

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Russia's coal exports slightly low

February 25, 2009: Russia's coal exports in the calendar year 2008 saw a marginal dip of 0.6 percent to 97.44 million tons from exports in previous calendar year. Out of that, coking coal exports from this country during the period reached 13.61 million tons, up by 2.4 percent.

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Plan panel urges CIL to e-auction more coal

February 25, 2009: The Planning Commission has asked Coal India (CIL) to double the amount of coal it sells online.

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Gridco, PTC ink agreement

February 25, 2009: Grid Corporation of Orissa (Gridco) has signed a memorandum of understanding with the Power Trading Corporation (PTC) for supply of 150 MW power per day to tide over the shortage in the state.

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Spot deals of South African thermal coal

February 25, 2009: Two spot deals were realized on February 23, 2009 at the South African thermal coal market (physical RB) of globalCOAL.

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Coal Exports through Australian Ports Decline

February 24, 2009: In December 2008 coal exports from Australia's Newcastle Port declined by about 0.6 percent to 8,383,034 tons as compared to 8,383,034 tons exported during December 2007 revealed recent Tex Report data.

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Thermal coal prices fluctuate

By Sarbani Haldar

February 24, 2009: January proved to be an eventful month for thermal coal as prices continued to fluctuate after recovering from its low levels in December. Thermal coal prices remained low for the initial days of the month only to recover in the middle of the month after which it slid again.

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Taiwan's coal consumption, supply fell in 2008

February 24, 2009: Taiwan's coal supply in the calendar year 2008 was recorded at 63.84 million tons, down by 2.1percent. Consumption slipped as well and was recorded at 62.81 million tons, down by 3.9 percent from the corresponding period last year, due to the global meltdown.

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Power companies likely to miss coal import target

February 24, 2009: National Thermal Power Corporation (NTPC) and other power utilities will probably miss their coal import target of 20 million tons (mt) this fiscal, due to a delay in placement of orders and renegotiation of prices with buyers.

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Taiwan's coking coal imports in 2008

February 24, 2009: Coking coal (excluding semi-soft coking coal etc.) imports by Taiwan remained at 4.75 million tons during the calendar year 2008, up by 6.1 percent compared to the imports in the previous year.

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Taiwan's thermal coal imports fell in 2008

February 24, 2009: Taiwan witnessed a dip of 4.6 percent in its thermal coal imports in the calendar year 2008 and reached 53.11 million tons compared to the imports in the previous year.

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CIL, power companies agree on trigger point

February 24, 2009: The differences between Coal India (CIL) and power companies over the trigger point clause in fuel supply agreements (FSAs) has finally been resolved by minister of power for state Jairam Ramesh.

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MP slams Centre for coal shortage

February 24, 2009: Chief minister Shivraj Singh Chouhan has said Madhya Pradesh would not be able to ensure uninterrupted power supply due to the Centre "deliberately" reducing supply of coal.

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ECL to invest Rs 250 crore in Rajmahal expansion

February 24, 2009: Eastern Coalfields (ECL) plans to invest about Rs 250 crore in expanding production capacity at its Rajmahal mines in Jharkhand from 11 million tons (mt) to 17 mt. The bulk of the increased volume is likely to be consumed by NTPC's power generation stations at Farakka and Kahelgaon.

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Anglo's Coal Projects

February 24, 2009: Anglo American is likely to complete three of its coal projects by March 2009.

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3000 MW NTPC-Kaniha plant runs beyond 100% capacity

February 23, 2009: The 3000 MW Kaniha super thermal power plant of National Thermal Power Corporation (NTPC) has been operating at more than 100 per cent plant load factor for last two months as against the average PLF of 90 per cent for all NTPC operated plants in the country.

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Uttarakhand to revive stalled hydel projects

February 23, 2009: With the hydropower sector in the state taking a beating following the suspension of three major hydel projects, the Uttarakhand government is now pulling out all the stops to revive the stalled power plants.

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Coal spot prices at DES ARA Index

February 23, 2009: Coal spot prices at DES ARA Index of globalCOAL slumped in the week ended on February 20, 2009.

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Coal spot prices at Richards Bay Index

February 23, 2009: The spot price of coal for delivery within May 2009 in Richards Bay Index witnessed a significant decline in the week ended on February 20, 2009.

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Coal spot prices at Newcastle Index

February 23, 2009: Coal spot price in the week ended on February 20, 2009 in Newcastle Index for delivery within May 2009 dipped by around 4.9 percent over the last week's prices.

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UMPP coal not to be auctioned

February 23, 2009: The government is not in favour of the proposed competitive bidding route for allocating reserves for certain projects.

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Reliance Power to hike Butibori power capacity

February 23, 2009: Reliance Power plans to double the capacity of its coal-based Butibori power project to 600 MW. The fast-track project is expected to go on stream by 2011.

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Coal-to-oil projects may see fresh bids

February 22, 2009: The Coal Ministry's bid finalisation process for the first domestic coal-to liquid project has come to a stop over the Law Ministry's suggestion to invite fresh bids if the government is interested in profit-sharing.

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US Steel to idle Illinois coke ovens

February 22, 2009: US Steel plans to hot-idle coke ovens its Granite City sheet works in Illinois over the next three weeks.

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No more Tata Power bids for large plants

February 21, 2009: Tata Power Ltd is unlikely to bid for any more large power projects.

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JSW Steel to negotiate lower coking coal price

February 21, 2009: JSW Steel is seeking 66 percent lower rates for coking coal from global suppliers, at $100 per ton, in an effort to ease input cost pressures.

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Govt may invite fresh bids for CTL projects

February 20, 2009: The law ministry has suggested that the government should invite fresh bids from companies interested in coal-to-liquid (CTL) projects if it is interested in profit-sharing.

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CESC to acquire project land near Dumka

February 20, 2009: RPG flagship CESC Ltd, which is setting up a 1,000 MW greenfield thermal station in Jharkhand, has restarted negotiations with local villagers to acquire project land near Dumka.

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Chinese mining equipment co to start production in MP

February 19, 2009: Chinese construction and mining equipment maker Guangxi Liugong Machinery Company Ltd (LiuGong) will probably begin commercial production by June.

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Centre upbeat on meeting power sector targets

February 19, 2009: The government is confident of meeting the Eleventh Plan's power capacity addition target, which has been revised to 80,000 MW, from 78,577 MW.

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Coal reserves up for Gloucester in Australia

February 19, 2009: There has been a 33 percent increase in Australia's Gloucester Coal reserves at its open cut mines in the northern Hunter Valley region. This brings complete reserves to 38 million tons (mt), with 40 percent semi-hard coking coal and the balance thermal.

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Mining majors eye Mongolian coal mine stake

February 18, 2009: A major coking coal deposit in Mongolia has reportedly caught the eye of Rio Tinto, BHP Billiton and Vale.

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GUVNL rejects all bids for long-term power supply

February 18, 2009: Gujarat Urja Vikas Nigam (GUVNL) has not accepted any of the bids received from four power companies for supply on a long-term basis.

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GSPC to set up two 1,000-MW power units

February 18, 2009: Gujarat State Petroleum Corporation (GSPC) has decided to establish two 1,000-MW greenfield thermal power plants at a total cost of Rs 7,000 crore.

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Power companies may have to sell 3% capacities

February 18, 2009: It is likely to soon be mandatory for power generators to sell off 3 percent of their capacities through an open access system to consumers of their choice.

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SAIL yet to re-negotiate coking coal contract prices

February 17, 2009: The Steel Authority of India Limited (SAIL), India's largest importer of coking coal, on February 17 said it is still in talks with global mining companies to re-negotiate coking coal contract prices for 2008-09 (July-June).

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Record coal prices help Australian producer

February 17, 2009: Wesfarmers Resources, Australia has reported a 169 percent hike in its operating profit due to record export metallurgical coal prices and increased sales volumes.

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Bhel set to start work on Khandwa thermal power plant

February 17, 2009: Bharat Heavy Electricals (Bhel) has geared up to begin work on the 1,200-MW thermal power project in Khandwa district of Madhya Pradesh.

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Eurasian takes up 25% in Kazakhstan coal company

February 17, 2009: Eurasian Natural Resources Corporation (ENRC) has bought 25 percent in Kazakhstan thermal coal producer Shubarkol Komir.

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Adani's 1,980-MW power project hits green hurdle

February 16, 2009: Adani Group's 1,980-MW power project in the Gondia district of Maharashtra's Vidarbha region has got caught into a tangle with environmentalists vociferously opposing the grant of coal linkage to the project near the Tadoba Tiger Reserve, home to around 50 tigers.

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Steep decline in coal sales by WCCC Canada during January-March 2009

February 16, 2009: WCCC Canada expects its salable coal production to drop down to 0.56 to 0.60 million tons (mt) in the fourth quarter (January-March 2009) and expects coal sales to reach 0.37 to 0.48 mt in this period.

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Power demand traces slowdown

February 16, 2009: Demand for power has fallen by 600 MW in the April-January period this fiscal, compared with the same period of 2007-08 when it had increased by 4,500 MW, according to the latest data available with the Central Electricity Authority (CEA).

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Australian coal exports and average price in calendar year 2008

February 16, 2009: Coal (including briquettes etc.) exports by Australia in the calendar year 2008 reached 261.05 million tons (mt), up by 4.1 percent from the previous calendar year.

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BCCL to invest Rs 500 cr in seven new washeries

February 16, 2009: Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India Limited, would invest about Rs 500 crore for setting up seven new washeries.

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Coal spot prices at DES ARA Index

February 16, 2009: Coal spot prices at DES ARA Index of globalCOAL recovered in the week ended on February 13, 2009.

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Coal spot prices at Richards Bay Index

February 16, 2009: The spot price of coal for delivery within May 2009 in Richards Bay Index continued to decline even in the week ended February 13, 2009.

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Coal spot prices at Newcastle Index

February 16, 2009: Coal spot price in the week ended on February 13, 2009 in Newcastle Index for delivery within May 2009 moved up by around 2.7 percent over the last week's prices.

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NTPC to bid for imported fuel-based UMPPs

February 15, 2009: NTPC is planning to bid for imported fuel-based 4,000 MW Ultra Mega Power Projects after acquiring coal properties abroad.

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NMDC eyeing tie-ups for coal block acquisitions

February 15, 2009: National Mineral Development Corporation Ltd (NMDC) is looking at forging partnerships for acquiring coal blocks within the country to feed its proposed steel, pellet and power plants.

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Capacity addition may fall short by 8,000 MW in 11th Plan

February 14, 2009: The capacity addition in power during the Eleventh Plan (2007-12) could fall short by about 8,000 MW against the targeted 78,700 MW, said Kirit Parikh, Member, Planning Commission.

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Physical ARA (DES) deal of ACPRS coal

February 13, 2009: A spot deal of 50,000 tons of Australian, Colombian, Polish, Russian and South African (ACPRS) coal for delivery in April 2009 was realised on February 11 at the physical thermal coal market of globalCOAL, ARA (DES) deal (delivered at Amsterdam/ Rotterdam) at $78 per ton.

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Reliance Power gets LoI from Tilaiya SPV

February 13, 2009: Jharkhand Integrated Power Ltd, the special purpose vehicle formed for developing the Tilaiya ultra mega power project, has issued letter of intent (LoI) for the project to Reliance Power.

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Spot deal of South African thermal coal

February 13, 2009: A spot deal of 75,000 tons for delivery in November 2009 was realised on February 11 at the South African thermal coal market (physical RB) of globalCOAL at $74.50 fob.

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Spot deal of Australian thermal coal

February 13, 2009: A spot deal of 15,000 tons for delivery in March 2009 was realised on February 11 at the Australian thermal coal market by loading at Newcastle (Phys NEWC) of globalCOAL at $79.25 fob.

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NTPC may forge JV with NPCIL

February 12, 2009: NTPC and Nuclear Power Corporation of India Ltd (NPCIL) may sign a joint venture (JV) agreement on February 14.

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Physical ARA (DES) deals

February 12, 2009: Three physical deals of Australian, Colombian, Polish, Russian and South African (ACPRS) coal were realised on February 9, 2009 at the DES ARA market (delivered at Amsterdam/Rotterdam) at $82.50 for two deals of 50,000 tons each for delivery in April 2009 and $84 for 150,000 tons for delivery in the third quarter 2009.

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Demand keeps up Chinese coke prices

February 11, 2009: Coke prices are keeping high on the back of strong demand in China. Though even 50 percent of capacity has been laid up at many coke companies, it is expected to remain so in the short term.

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Met coal buyers not to cancel all unwanted contracts

February 11, 2009: Metallurgical coal buyers have decided not to call off unwanted contract tonnage in the current fiscal year as a result of sagging global steel demand, according to BHP Billiton Mitsubishi Alliance (BMA).

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Five spot deals of South African thermal coal realised

February 11, 2009: Five spot deals were realised on February 9, 2009 at the South African thermal coal market (physical RB) of globalCOAL.

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Six spot deals of Australian thermal coal realised

February 11, 2009: Six spot deals were realized on February 9, 2009, at the Australian thermal coal market by loading at Newcastle (Phys NEWC) of globalCOAL.

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Spot deals of Australian thermal coal

February 11, 2009: Six spot deals were realized on February 9, 2009, at the Australian thermal coal market by loading at Newcastle (Phys NEWC) of globalCOAL.

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Russian miner's coking coal prices slide in Q4

February 10, 2009: Average raw material selling prices for Russian miner and steelmaker Evraz have decreased sharply in the fourth quarter compared to the third.

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Coal exports from Australian ports grow 8% in 2008

February 10, 2009: Coal exports from Australia's Newcastle Port have registered a growth of about 8.08 percent to 91,651,134 tons for calendar year 2008 as compared to the corresponding period a year ago revealed recent Tex Report data.

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Physical ARA (DES) deal of ACPRS coal realised

February 10, 2009: A physical deal (delivered at Amsterdam/Rotterdam) of 150,000 tons of ACPRS (Australian, Colombian, Polish, Russian and South African) coal was realised on February 6, 2009, at the physical thermal coal market of globalCOAL, ARA (DES) for delivery in the fourth quarter 2009 at $83.25.

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Spot deal of South African thermal coal fixed at $74

February 10, 2009: A spot deal of 75,000 tons for delivery in April 2009 was realized on February 6, 2009, at the South African thermal coal market (physical RB) of globalCOAL at $74 fob.

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Three spot deals of Australian thermal coal realised

February 10, 2009: Three spot deals were realised on February 6, 2009 at the Australian thermal coal market by loading at Newcastle (Phys NEWC) of globalCOAL.

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Coal output target too high for Mahanadi Coalfields

February 10, 2009: Mahanadi Coalfields (MCL) is unlikely to meet its coal production target - fixed at 104 million tons (mt) for this fiscal - as it has clocked an output of 74 mt by the end of January 2009. The coal company recorded an output of 88 mt in 2007-08.

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Sahara Power plans Orissa thermal power project

February 10, 2009: Sahara India Power Corporation will set up a 1,320-MW, coal-based thermal power project in Orissa.

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Alpha Natural coal sales dip 0.8% in 2008

February 9, 2009: Alpha Natural Resources Inc. of the US, recorded a total coal sales of 28.34 million tons (mt) in the calendar year (CY) 2008, down by 0.8 percent from the previous calendar year.

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Ridley Terminal coal shipments drop in 2008

February 9, 2009: Shipments of coal through Ridley Terminal of Prince Rupert Port in Australia during calendar year 2008 declined by nearly 6.7 percent as compared to the same time a year ago, revealed recent Tex Report data.

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Three spot deals of Australian thermal coal realised

February 9, 2009: Three spot deals were realised on February 5 2009 for delivery in March 2009 at the Australian thermal coal market by loading at Newcastle (Phys NEWC) of globalCOAL.

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NSW coal exports dip 2.2%

February 9, 2009: Coal exports from Australia's New South Wales (NSW) reported a decline of about 2.2 percent in December 2008 as compared to the same month a year ago.

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Coal India names 9 companies for UG mines development

February 9, 2009: Coal India (CIL) is expected to invite nine shortlisted private parties from India and abroad for turnkey development and long-term operation of high capacity underground (UG) mines in seven virgin blocks, in a pre-bid meeting later this month.

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ICVL identifies foreign coal assets for acquisition

February 9, 2009: International Coal Ventures (ICVL) has identified coal assets in Australia, Mozambique, the US and Indonesia for acquisition.

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Coal spot prices at DES ARA Index move up 10%

February 9, 2009: Coal spot prices at DES ARA Index of globalCOAL saw a rise in the week ended February 6, 2009.

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Coal spot price at Richards Bay Index at $74.23 per ton

February 9, 2009: The spot price of coal for delivery within May 2009 in Richards Bay Index in the week ended February 6, 2009 moved down by 2.43 percent to $74.23 per ton against the prices in the previous week.

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Coal spot prices at Newcastle Index slip 6%

February 9, 2009: Coal spot price in the week ended on February 6, 2009 in Newcastle Index for delivery within May 2009 slipped down by around 6 percent over last week's prices.

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High coal prices dent cement firms' realisations

February 8, 2009: Cement companies continued to reel under the high cost of production besides drastic fall in demand due to delay in execution of infrastructure and housing projects on the back of liquidity crisis in the third quarter of the financial year.

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NMDC eyes over 25% production growth in Q4

February 8, 2009: The country's largest iron ore producer, NMDC, expects its fourth quarter production to surge by over 25 percent to 8.5 million tons on the back of an improved demand for the mineral from domestic steel sector.

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NTPC achieves record generation

February 8, 2009: NTPC has highest ever monthly generation of 19.2 billion units in January with eight power stations of the company achieving more than 100 percent plant load factor (PLF).

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Orissa govt signs MoU with power producers

February 8, 2009: In a bid to substantially raise thermal power generation, Orissa government has signed MoUs with eight Independent Power Producers (IPPs) to produce 9780 MW electricity with an investment of Rs 42,023 crore.

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Thermal coal imports may rise 9 per cent

February 7, 2009: The country's thermal coal imports are likely to shoot up by 9 percent this year on huge demand from planned mega power projects.

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Rlys told to give priority to power-grade coal

February 7, 2009: The Union Government's decision of asking the Railways to give top priority to rake allotment for transportation of power-grade coal has come as a boon to Orissa's major port, Paradip, as well as Bhubaneswar-based zonal railway, East Coast Railway (ECoR).

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Orissa to sign MoU with 7 power companies

February 6, 2009: The Orissa government is going to sign memoranda of understanding (MoUs) with seven power companies on February 7.

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Four spot deals of Australian thermal coal realised

February 6, 2009: Four spot deals were realised on February 4, 2009 at the Australian thermal coal market by loading at Newcastle (Phys NEWC) of globalCOAL.

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JSPL may get Orissa recommendation for coal block allotment

February 6, 2009: Orissa may soon recommend Jindal Steel & Power (JSPL) to the Union Coal Ministry for allotment of blocks to for the proposed coal-to-liquid (CTL) project to be implemented in the state.

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Physical ARA (DES) deal of ACPRS coal realised

February 6, 2009: A spot deal of 150,000 tons was realised on February 4, 2009 at the physical thermal coal market of globalCOAL, ARA (DES) deal (delivered at Amsterdam/Rotterdam) of ACPRS (Australian, Colombian, Polish, Russian and South African) at $80.

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ADAG speeds up work on Dadri project

February 5, 2009: The Reliance Anil Dhirubhai Ambani Group is tying up with equipment manufacturers for the much-delayed 7,480-MW Dadri power project in Uttar Pradesh.

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Coal India unlikely to hike prices

February 4, 2009: Coal India (CIL) would consider a price increase in 2010-11 and work towards increasing production. Its coal is currently almost 50 to 60 percent cheaper than international coal.

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Areva nuclear reactor agreements to be signed today

February 4, 2009: India will sign the first commercial agreement with Areva on February 4 to set up atomic power plants.

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GMR Infra pegs Homeland Mining takeover at $100 million

February 4, 2009: GMR Infrastructure hopes to gain 100 percent control over South-Africa based Homeland Mining & Energy at a little less than $100 million - a third of the initial valuation.

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Two physical ARA (DES) deals of ACPRS coal settled

February 3, 2009: Two ARA (DES) deals (delivered at Amsterdam/Rotterdam) of ACPRS (Australian, Colombian, Polish, Russia and South African) coal of 150,000 tons each were realised on January 30, 2009 at the physical thermal coal market of globalCOAL, for delivery in the fourth quarter 2009 at $80 and $80.50.

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Spot deal of 60,000-ton Australian thermal coal realised

February 3, 2009: A spot deal was realised on January 30, 2009 at the Australian thermal coal market by loading at Newcastle (Phys NEWC) of globalCOAL, with a tonnage of 60,000 tons for delivery in March 2009 at $78.50 FOB.

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Maytas Infra to exit Orissa power project JV

February 3, 2009: Hyderabad-based KVK Energy & Infrastructure has separated with its joint venture partner, Maytas Infra, for setting up a 1,050-MW thermal power plant in Orissa.

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Spot deal of South African thermal coal realised at $72.10 per ton

February 3, 2009: A spot deal of 75,000 tons was realised on January 30, 2009 at the South African thermal coal market (physical RB) of globalCOAL, for delivery in June 2009 at $72.10 per ton FOB.

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CMPDIL to finalise CBM data by March

February 3, 2009: The Central Mine Planning & Design Institute (CMPDIL) is set to finalise the data bank for the fourth round of bidding for coal bed methane (CBM) blocks.

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Centre may limit UMPP awarded to companies

February 2, 2009: The government may revive a proposal limiting the number of ultra mega power projects (UMPPs) awarded to a developer.

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GMR Energy to start work on Chhattisgarh unit by September

February 2, 2009: GMR Energy Ltd plans to start the construction work of its 1,200-MW power plant in Chhattisgarh from September.

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Hindujas to finalise funds for Vizag power project by Oct

February 2, 2009: The Hindujas expects to set up financial resources for the power project at Visakhapatnam by October.

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Coal spot prices at DES ARA Index slip marginally

February 2, 2009: Coal spot prices at DES ARA Index of globalCOAL slipped in the week ended on January 30, 2009.

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Coal spot prices at Richards Bay Index up 4.6%

February 2, 2009: The spot price of coal for delivery within April 2009 in Richards Bay Index in the week ended on January 30, 2009 inched up by 4.61 percent to $76.08 per ton against the prices in the previous week.

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Coal spot prices at Newcastle Index slip to $83.15 per ton

February 2, 2009: Coal spot prices in the week ended on January 30, 2009 in Newcastle Index for delivery within April 2009 slipped by 5.71 percent over last week's prices.

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Coal of Africa signs new coal freight deal

February 1, 2009 : Coal of Africa Ltd (CoAL) and South Africa 's state-owned Transnet Freight Rail (TFR) have joined hands to remove a major logistical problem for the Perth-based miner.

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Mechel to cut metallurgical coal production

January 31, 2009 : Russia 's miner and steel producer Mechel plans to cut production of coal at its Yakutugol metallurgical coal mining and processing business by a third this year.

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Gloucester Coal hit by slowing Japanese demand

January 31, 2009 : Gloucester Coal is concerned that less demand for its coking coal from Japanese steelmakers might lead to a repetition of the fall in coking coal sales last quarter, from its mines in eastern Australia .

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NTPC may shut down plants temporarily

January 30, 2009: National Thermal Power Corporation (NTPC) has been hard hit by an acute shortage of coal that is hampering power generation at several plants. It may have to shut down some units temporarily.

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Orissa Thermal Power to set up unit at Rengali

January 30, 2009: Orissa Thermal Power Corporation Ltd (OTPCL) has plans for a 2,000-MW thermal power plant at Rengali in Angul district.

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Orissa to source 380 MW additional power

January 30, 2009: The Orissa government plans to bring in 380 MW additional power to meet the peak summer demand, starting from March. It has also announced its decision to avoid any power cuts during the summer.

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Xstrata thermal coal output up in 2008

January 29, 2009: Xstrata's total consolidated coal production was up 3 percent to 85.5 million tons (mt) for the year ended 2008, with thermal and coking coal up 5 percent and 1 percent, respectively, compared to the previous year.

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Great Eastern Energy commissions CBM pipeline

January 29, 2009: Great Eastern Energy Corporation (GEECL) has commissioned the country's first natural gas pipeline based on coal bed methane (CBM) in West Bengal.

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ADAG plans Rs 40,000 crore investment in Madhya Pradesh

January 29, 2009: Reliance Anil Dhirubhai Ambani Group (ADAG) will invest Rs 40,000 crore in the power sector, cement industry, cargo handling airport and a technical institute in Madhya Pradesh.

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Tilaiya project goes to Reliance Power

January 29, 2009: Reliance Power won the 4,000-MW Tilaiya ultra mega power project (UMPP) with its aggressive bid. It put in the lowest bid, at Rs 1.77 per unit, 0.53 paise lower than National Thermal Power Corp (NTPC), its nearest competitor in the bidding race.

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Orissa clears power, steel sector projects

January 28, 2009: Projects worth Rs 37,989 crore in the power and steel sector have been cleared by the Orissa government.

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Bids open today for Tilaiya ultra mega power project

January 28, 2009: Financial bids for the 4,000-MW Tilaiya ultra mega power project (UMPP) in Jharkhand will be opened on January 28.

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Rio Tinto not good enough to develop local coal mines

January 28, 2009: Coal India (CIL) has turned down Rio Tinto's proposal to develop abandoned and underground mines as the latter "falls short of expertise" to take up the venture. The mines have total reserves of over 1,665 million tons (mt) of coal.

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Committee seeks lower coking coal import prices from Australia

January 27, 2009: A high-powered committee in Delhi is reportedly renegotiating coking coal import prices with Australian suppliers on behalf of Steel Authority of India and Rashtriya Ispat Nigam and insisting on a cutback.

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SAIL lowers coking coal imports

January 27, 2009: Coking coal imports have dried up for Steel Authority of India (SAIL). This month has seen only one vessel, carrying about 20,000 tons, calling at Haldia and none at Paradip or Visakhapatnam so far.

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Bagrodia tells companies to hike coal imports

January 27, 2009: Companies need to speed up coal imports to keep domestic power generation out of danger.

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CIL may hike prices next fiscal

January 27, 2009: Coal India (CIL) is expected to increase coal prices from the next financial year due to a 24 percent increase in its wage bill. The move will hit thermal power plants as about half of them source coal from CIL.

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ArcelorMittal sued over coal contract

January 25, 2009: The US arm of ArcelorMittal is facing a breach of contract lawsuit that accuses the world's largest steel producer of reneging on a $40-million deal to buy more than 2,00,000 tons of coal used for making steel.

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NTPC Q3 net jumps 26% to Rs 2,250 crore

January 25, 2009: Country's largest power producer NTPC said its net profit rose by 26.4 percent to Rs 2,250 crore for the quarter ended December.

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NPCIL signs uranium supply deal with Kazakhstan

January 25, 2009: Nuclear Power Corporation of India (NPCIL) signed a memorandum of understanding with Kazakhstan's national company, KazAtomProm.

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HCC-Halcrow consortium bags Rs 2,726-cr order

January 24, 2009: Infrastructure firm Hindustan Construction Co, along with UK-based Halcrow Group, has bagged a Rs 2,726-crore order from National Hydroelectric Power Corp for setting up a 330 MW project in Jammu and Kashmir.

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PowerGrid completes transmission line in Afghanistan

January 24, 2009: State-owned transmission utility PowerGrid Corporation said it has completed 202-km long transmission line from Pul-e-Khumri to Kabul in Afghanistan.

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Reliance Power net profit at Rs 106 crore

January 23, 2009: Reliance Power, the company engaged in developing 13 medium and large-sized power projects, has posted a consolidated net profit after tax and minority interest of Rs 105.68 crore for the quarter ended December 2008.

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Thermal coal prices hit year's low in Dec

By Arusha Das

January 22, 2009: December was quite an eventful month for the global thermal coal market. Benchmark thermal coal price indices touched the year's lows in the month.

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Govt in a fix over coal block allotment

January 22, 2009: The Coal Ministry will have to decide on awarding a coal block for the government's oil-from-coal programme to either Jindal Steel & Power or Strategic Energy Technology Systems, a Tata group joint venture with South Africa's Sasol.

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Spot deals up to $92 realised for Australian thermal coal

January 22, 2009: Ten spot deals were realised on January 20, 2009, at the Australian thermal coal market by loading at Newcastle (Phys NEWC) of globalCOAL.

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CTL ministerial group shortlists allottees

January 21, 2009: The inter-ministerial group on coal-to-liquid (CTL) projects has named companies that will be allotted three blocks for undertaking projects and submitted recommendations to the government.

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West Bengal hit by coal shortage

January 21, 2009: West Bengal is facing a coal shortage as production from its captive block - allotted in 2002 - can start only by 2011, due to a delay in environment clearance.

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Coal India, NTPC to sign fuel supply deal

January 21, 2009: Coal India Ltd (CIL) and NTPC Ltd will sign an agreement to maintain a minimum 75 percent fuel supply for the power entity.

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China Coal production up 10.9% in 2008

January 20, 2009: China Coal Energy Co Ltd of China produced 100.37 million tons (mt) of raw coal during the calendar year 2008, up by 10.9 percent from the previous calendar year.

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Spot deal for Australian thermal coal touches $86 a ton

January 20, 2009: Three spot deals of 15,000 tons each for delivery in March 2009 were realised on January 16, 2009 at the Australian thermal coal market by loading at Newcastle (Phys NEWC) of globalCOAL. Out of these, two were settled at $85 FOB while the other one at $86 FOB.

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Gujarat NRE net at Rs 13.26 crore for quarter ended Dec

January 19, 2009: Net profit after tax for Gujarat NRE Coke stood at Rs 13.26 crore, against Rs 49.97 crore in December 2007, for the quarter ended December 31, 2008, in the wake of the global downturn.

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Tata Power plans entry into nuclear power sector

January 19, 2009: Tata Power Company (TPC) has said it is preparing the groundwork for a foray into the nuclear power sector and is awaiting the government to open up the sector to private players.

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Heavy Engineering inks pact with Chinese co

January 19, 2009: Heavy Engineering Corporation (HEC) and China's Schenck Process have signed an agreement for collaboration in the field of manufacturing mining machinery.

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CIL predicts stable coal prices

January 18, 2009 : Domestic coal prices will probably stay firm in the short term. They are currently being offered at a discounted price compared to international prices.

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Raspadskaya had made 31% cut in 2008 coal output

January 18, 2009: Russian coking coal producer Raspadskaya has said it lowered coal production 31 percent in 2008 to 9.4 million tons (mt).

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Newcastle weekly coal exports down 28%

January 18, 2009: Coal shipments from Australia's Newcastle port decreased 28 percent in the week ended January 13 and the number of vessels waiting outside the port fell.

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Vedanta to fight Nava Bharat for Zambian coal mine

January 18, 2009 : Vedanta Resources and Nava Bharat ( Singapore ) are face-to-face for taking over Zambia 's largest coal mine, Maamba Collieries.

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Haryana power co, rlys, SBI plan e-payment scheme

January 15, 2009: Haryana Power Generation Corporation (HPGCL), Indian Railways and State Bank of India have entered a tripartite agreement for electronic payment (e-payment) of freight for coal supplied to its thermal power stations.

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ICVL to be corporatised, get Rs 10,000-cr warchest

January 15, 2009: National Thermal Power Corporation (NTPC), Coal India (CIL), NMDC Ltd, Steel Authority of India (SAIL) and Rashtriya Ispat Nigam (RINL) have signed a joint venture agreement for corporatising International Coal Ventures (ICVL).

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Spot deal of South African thermal coal realised

January 15, 2009: A spot deal of 300,000 tons was realized on January 13, 2009 at the South African thermal coal market (physical RB) of globalCOAL, for delivery in 2010 at $75 FOB.

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ONGC, Australia co join hands for CBM project

January 15, 2009: ONGC has signed a memorandum of understanding (MoU) with Australia's Arrow Energy for cooperation in exploiting coal bed methane (CBM).

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IDFC, Bhel, Gujarat State Energy Co to set up thermal power plant

January 15, 2009: IDFC Projects, Bhel and Gujarat State Energy Company (GSECL) have signed a memorandum of understanding to set up a 1,600-MW thermal power plant at Sarkhadi, Ahmedabad.

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Asia coal prices above $81

January 14, 2009: Australian power-station coal prices - a benchmark for Australia - stayed over the $81 mark but physical demand from Asia remained weak as industrial users cut power usage amid production cutbacks.

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NTPC to put Rs 6,037 crore in super thermal power projects

January 14, 2009: NTPC Ltd has decided to invest Rs 6,037 crore in expansion and renovation at three super thermal power projects (STPP) - in Madhya Pradesh (Vindhyachal), Uttar Pradesh (Rihand) and Chhattisgarh (Korba).

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CIL to float UG mine tenders in February

January 14, 2009: Coal India (CIL) plans to issue tenders for development of its underground mines by early February.

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ONGC may give up CBM blocks

January 14, 2009: ONGC has sought permission from the Centre to relinquish three coal-bed methane (CBM) blocks -- at Satpura in Madhya Pradesh, Vardha in Maharashtra and Barmer Sanchor in Rajasthan.

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Coking coal deliveries delayed on back of production cuts

by Arnab Mallick

January 13, 2009: Steelmakers are focusing on optimising in the face of the global slowdown and there has been a series of production cuts globally. Slowly and steadily, they are also coming up with their raw materials purchase plans in accordance with the current market condition.

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Gujarat NRE Coke announces major investment plans for Gujarat

January 13, 2009: Gujarat NRE Coke Limited has announced that the group is planning to make an massive investment of about Rs 3000 crore in Gujarat in the span of next five years.

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Power cos allowed to divert captive coal resources

January 13, 2009: The Centre has given permission to power companies for using surplus coal from one of their projects in another, under relaxed captive coal mining norms.

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Coking coal November imports at 0.72 mt

January 12, 2009: Coking coal imports in November stood at 0.725 million tons (mt) through five major ports, excluding Vizag and Paradip. This is a drop from October imports, which were 0.931 mt.

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Coking coal imports through ports at 2.24 mt

January 12, 2009: Coking coal imports through 19 major and minor ports increased in December compared to last month and stood at 2.24 million tons (mt), according to data compiled by Steel Insights.

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Jindal group to set up power plant at Simar

January 12, 2009: The Jindal group will build a 2,000-MW power plant near Simar port, on the Gujarat coastline, at a proposed investment of Rs 10,000 crore.

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Sterling Energy seeks captive coal block

January 12, 2009: Sterling Energy Ltd (SEL) has asked the Ministry of Coal for a captive coal mine or linkage for its 1,320 (2x660) MW power plant in Bharuch district of Gujarat.

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Haryana plans power projects

January 12, 2009: The Haryana government has realised the importance of adequate power to satisfy the needs of rapid industrialisation and agriculture growth.

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China aim to raise coal output by 30% by 2015

January 10, 2008: China is aiming to increase its coal production by about 30 percent by 2015 to meet its energy needs as per the forecast made by China's ministry of land and resources.

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Shaanxi province to get two new coal mines

January 9, 2009: The National Development & Reform Commission of China gave the nod to two large coal mine projects in China's Shaanxi province.

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China exports 11.9 mt coke during Jan-Nov

January 9, 2009: China exported 11.90 million tons (mt) of coke during January to November in 2008, down 16.9 percent year-on-year (YoY) worth $5.71 billion, up 110 percent.

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Chinese coke export price may go up

January 9, 2009: The sales price of Chinese coal coke appears to have reached the bottom.

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Coal imports show 17.1% CAGR in 2003-08

January 9, 2009: Coal imports recorded a compounded annual growth rate (CAGR) of 17.1 percent between 2003 and 2008.

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Western Canadian coal lowers output at 2 mines

January 8, 2009: Western Canadian Coal Corp has announced its intention to bring down production at two mines in British Columbia due to rising inventory levels.

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Coal exports through Richards Bay Coal Terminal drops in Dec

January 8, 2009: Coal exports through Richards Bay Coal Terminal (RBCT) in South Africa have declined by more than 9.7 percent in December 2008 as compared to the coal exports made during the same time a year ago revealed data published in the Tex Report.

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Coal shipments through Newcastle Australia 91.436 mt in 2008

January 8, 2009: Port Waratah Coal Services Ltd. (PWCS) which operates coal terminal at Newcastle has informed that shipment of coal through the port have totalled 8,383,000 tons in December revealed data in a Tex Report.

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China allocates 2009 coal coke EL to 37 exporters

January 8, 2009: The Chinese government released the first installment of export licence (EL) for 5,780,000 tons of coal coke in 2009.

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Spot deals of South African thermal coal realised

January 8, 2009: Four spot deals were realized on January 6, 2009 at the South African thermal coal market (physical RB) of globalCOAL.

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Crude price slide may hurt domestic CTL projects

January 8, 2009: The government is concerned about the economic viability of its ambitious coal-to-liquid (CTL) in the wake of falling crude prices.

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Peabody Energy announces production cuts

January 8, 2009: Peabody Energy announced that it is lowering its 2009 targets for Powder River Basin coal and Australian metallurgical coal production, due to the existing global recession.

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MCL targets 41 mt coal in 3 months

January 7, 2009: The targeted production of 104 million tons (mt) for 2008-09 - fixed by the Coal Ministry for Mahanadi Coalfields Ltd (MCL) - can only be achieved if its produces about 41 mt in the remaining three months of this fiscal.

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Thermal coal index prices remain weak in Dec

January 7, 2009: The month of December witnessed an interesting trend in the index prices of thermal coal.

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Coastal power projects may have to import 30% of coal needs

January 7, 2009: It has been suggested that any power project coming up within 150 km of a port be classified a 'coastal power plant.'

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CESC aims for financial closure of Orissa unit by 2010

January 7, 2009: CESC Ltd is targeting the end of 2010 for financial closure of its 1,000-MW, coal-based power plant at Neulapoi in Orissa's Dhenkanal district.

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Physical ARA (DES) deal of ACPRS coal realised

January 7, 2009: A physical deal was realised on January 5, 2009 at the thermal coal market of globalCOAL, ARA (DES) (delivered at Rotterdam) of ACPRS (Australian, Colombian, Polish, Russian and South African) coal for delivery in February 2009 at $85.

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Spot deal of South African thermal coal realised

January 7, 2009: On January 5, 2009 at the South African thermal coal market of globalCOAL (physical RB), a spot deal of 75,000 tons for delivery in March 2009 was realized at $82.00 FOB.

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SCCL in talks with Hindustan Global for JV

January 6, 2009: Public sector coal mining firm Singareni Collieries Company (SCCL) is in advanced talks with Hindustan Global Resources (HGR), an Australian firm owned by a group of non-resident Indians (NRIs) to set up a joint venture to get coal-to-briquette technology into India.

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Karnataka, Bhel speed up three power projects

January 6, 2009: In a bid to speed up the capacity to meet the steep demand for energy, the Karnataka government has advanced the development of three power projects (of 660 MW each) in collaboration with the Bharat Heavy Electricals Ltd (Bhel) during the Eleventh Plan period itself against its original decision to take them up in the Twelfth Plan.

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ONGC CBM project still faces delay

January 6, 2009: There are still stumbling blocks ahead for ONGC's $200-million CBM development project in Jharkhand and West Bengal.

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Tata Power starts legal battle over Sasan ruling

January 5, 2009: Tata Power has challenged the Centre's decision to allow diversion of coal from the Sasan ultra mega power project's (UMPP) captive mines to other power projects.

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Annual coal contracts drop at Chinese meet

January 4, 2009: The Annual Coal Ordering Meeting 2009 at Fuzhou, China finished on December 27 after six days of talks with 50 percent less contracts signed.

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Coal mining contracts may change in Indonesia

January 4, 2009: Existing mining contracts are expected to be re-evaluated in Indonesia with respect to royalties and the size of mining areas.

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BPL Power seeks more coal linkage for Andhra unit

January 4, 2009: BPL Power Projects (AP) Pvt has sought additional coal linkage for its 2x300 MW Ramagundam thermal power project (TPP) in Andhra Pradesh.

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Consortium plans 10-mtpa coal terminal near Richards Bay

January 4, 2009: A 10-million tons per annum (mtpa) export terminal will be set up by a consortium adjacent to South Africa's Richards Bay Coal Terminal (RBCT).

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SCCL to set up 600-MW power unit

January 3, 2009 : Singareni Collieries Company Ltd (SCCL) will set up a 600-MW merchant power plant in the Jaipur mandal of Adilabad district at an investment of Rs 3,000 crore.

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Northern region faces coal shortage

January 3, 2009 : The northern region could face large scale blackouts as most power plants in the region are facing an acute shortage of coal. Coal-fired power accounts for 75 percent electricity in north India .

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Neyveli Lignite to raise up to Rs 1,850 crore

January 3, 2009 : Neyveli Lignite Corp has decided to raise up to Rs 1,850 crore either through local currency term loan or external commercial borrowings or by way of issuing bonds.

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PTC India forms coal JV with Singapore co

January 1, 2009: PTC India has decided to foray into coal and is looking for foreign mines.

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Coal Ministry plans supply to power sector

December 30, 2008: The Ministry of Coal and the Planning Commission are formulating the annual plan on the basis of the demand for coal in different sectors, including power stations.

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SAIL, RINL set to re-negotiate coking coal price contracts for 2008-09

by Rakesh Dubey

December 29, 2008: The Steel Authority of India Ltd (SAIL), India's largest steel producer and also the largest importer of coking coal, is trying hard to re-negotiate 2008-09 coking coal price contracts with its overseas suppliers in view of the fall in steel prices and global economic slowdown, a senior official told Coal Insights.

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Pakistan focuses on coal mining to meet growing energy needs

December 29, 2008: Pakistan's interest in the coal mining sector is quite new, and has been largely fuelled by the acute power shortage and also the large deposits of coal in the country.

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India misses energy generation target in November

by Gargi Sahai

December 29, 2008: India's total energy generation during the month of November was 58308.60 million units (MU), missing the target of 61748 MW by 6 percent, largely on huge deficit registered by power plants under state and central sectors, according to the latest report of Central Electricity Authority (CEA).

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Coal products imports up 6.12% in November

by Gargi Sahai

December 29, 2008: India's total imports of coal and coke products in November through 17 major and minor ports stood at 3.99 million tons (mt), up 6.12 percent compared to 3.76 mt imported in October, according to a compilation by Coal Insights.

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NHAI hikes project costs to encourage bidders

December 29, 2008: Recently, the National Highways Authority of India (NHAI) decided to increase the cost of projects. The objective is to make highways a more viable option and encourage more bidders to participate in them.

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Non-coking coal imports at 1.68 mt in Nov

December 29, 2008: In November, non coking coal imports stood at 1.68 million tons (mt). Coastal Energy (P) Ltd turned out to be the biggest importer in the month with import size of 2,21,925 tons.

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Coking coal imports decline in Nov

December 29, 2008: Coking coal imports through five major ports, excluding Vizag and Paradip, in November stood at 0.725 million tons (mt), which is drop from October imports at 0.931 mt.

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Centre needs to speed up decision on MAMC revival

by Rakesh Dubey

December 29, 2008: Durgapur-based Mining & Allied Machinery Corporation (MAMC), a public sector undertaking within the Ministry of Heavy Industries & Public Enterprise, was once a thriving company based out of the east and its contribution to the mining sector, especially underground (UG) coal mining, was immense.

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German mining equipment makers hardly affected by financial crisis

December 29, 2008: The German mining equipment manufacturers have hardly been affected by the financial crisis in comparison to other industries so far and the possibility of any downturn is unlikely even in 2009, but some moderate negative impact is likely in 2010, chairman of the VDMA German Mining Equipment Association Peter Jochums said.

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Tata Steel aims to cut cost

December 29, 2008: Faced with the global economic slowdown and the need to cut production cost in whatever way possible to prepare for expected fall in steel demand in India, Tata Steel Ltd's mining division is planning to cut ash content in the coking coal produced at its mines in Jharia and Bokaro coalfields to 10 percent from the current level of 13 percent.

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South Korea's October coal imports up

December 29, 2008: South Korea imported around 8.80 million tons (mt) of all types of coal in October, which was 13 percent more than what it had imported in September, according to a data released by the International Trade Association (ITA).

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Russia coking coal in crisis as orders dry up

December 29, 2008: With steel makers cutting down on their outputs, Russia's second largest coking coal firm, Raspadskaya, has not been paid for 79 percent of its shipments since September.

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Commissioning of new power plants delayed

December 29, 2008: The power project monitoring panel of the Ministry of Power has recently said that inordinate delay in completion of coal handling plant (CHP) and ash handling plant (AHP) was emerging as one of the chief problems in the commissioning of thermal power projects.

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Equipment sellers and buyers benefit from global auction

December 29, 2008: Ritchie Bros Auctioneers gave equipment sellers easy access to the global marketplace in November, attracting bidders from around the world to seven unreserved industrial auctions in four countries - including the largest auction in the company's history in Spain.

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India signs MoU with Australia for coal sector

December 29, 2008: India on November 5 signed a memorandum of understanding (MoU) with Australia for bringing in new technologies to develop the coal sector of the country.

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Nearly 220 mt extra coking coal to be required by 2017

December 29, 2008: The world's coking coal requirement is expected to go up as much as 220 million tons (mt) by 2017 to 736 mt, from a level of 516 mt in 2007.

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Only 78 consumers yet to sign FSA with coal companies: Minister

December 29, 2008: Minister of state for coal Santosh Bagrodia has strongly defended the New Coal Distribution Policy announced in October 2007 and said that about 95 percent of the total certified consumers of coal have already signed fuel supply agreements (FSAs) with coal companies till December 10 and the rest are expected to sign soon.

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Tough times ahead for Indian coking coal, coke buyers

December 29, 2008: With good quality coking coal getting scarce and costlier, coke makers will have to deal with increasing challenges for production of high quality metallurgical coke at competitive prices, according to Balaji Coke Ltd's managing director Naresh Sharma.

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India may have to import around 36 mt non-coking coal

December 29, 2008: India may ultimately face a shortage of around 36 mt of non-coking coal in 2008-09, according to demand-supply assessment of power sector, by Planning Commission, minister of state for coal Santosh Bagrodia said.

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India's 2008-09 coal consumption estimated at 550 mt

December 29, 2008: India's coal consumption in 2008-09 is likely to cross 550 million tons (mt) compared with around 510 mt in 2007-08, according to the latest joint assessment made by the Coal Ministry and the Planning Commission.

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Coal companies spend below target in April-October

December 29, 2008: Indian coal and lignite producing companies - Coal India Ltd (CIL), Singareni Collieries Company Ltd (SCCL) and Neyveli Lignite Company Ltd (NLC) - have managed to spend only around 27 percent of their planned expenditure for 2008-09 despite the fact that seven months of the year (till October) have already passed, according to information available with Coal Insights.

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CMPDIL, MECL to ink pact to expedite coal exploration

by Arusha Das

December 29, 2008: Central Mining Planning & Design Institute Ltd (CMPDIL) and Mineral Exploration Corporation Ltd (MECL) are on the verge of signing a memorandum of understanding (MoU) to fast track coal exploration.

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India's first coal mine methane, CBM clearing house at CMPDIL

December 29, 2008: A joint Indo-US effort, which began in 2006 through a memorandum of understanding (MoU) at the government level, finally fructified on November 17.

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CIL may go slow on import of 4 mt of coal

December 29, 2008: Coal India Ltd (CIL) - which had been asked by the Planning Commission and Power Ministry in September to import 4 million tons (mt) of coal during the current financial year to help maintain a comfortable stock at power plants - may decide to go slow on the import in view of widespread fluctuations in international coal prices, sources in CIL said.

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China Nov coal exports rise 5% on month

December 29, 2008: China's coal exports in November rose 5 percent from a month earlier, after exporters received a second batch of quotas to ship coal abroad at the beginning of the month.

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CEA revises guidelines for bidders of CHP and AHP

December 29, 2008: The Central Electricity Authority (CEA) has given stiffer guidelines for qualifying requirements for bidders of various projects, including Coal Handling Plant (CHP) and Ash Handling Plants (AHP), for coal and lignite based power plants.

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CEA proposes revision in comprehensive award scheme

December 29, 2008: The Central Electricity Authority (CEA) has proposed a revision in the comprehensive award scheme effective 2007-08 to develop the spirit of competitiveness among the various power plants and projects in the power sector based on suggestions that came out of discussions in August 2008.

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Ministry defends delay in start of production

December 29, 2008: The minister of state for coal, Santosh Bagrodia, has strongly defended the progress made by captive coal block allottees and said that delay in starting production from those blocks were largely due to non receipt of statutory clearances.

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BCCL ties up with Chinese co for Moonidih project

by Arusha Das

December 29, 2008: With Coal India Ltd (CIL) concentrating more on underground mining, subsidiary Bharat Coking Coal Ltd (BCCL) has recently entered into an equipment and services agreement with Zhengzhou Coal Mining Machinery (Group) Company Ltd (ZMJ) for developing a phase and then mining coal at one of the seams at the Moonidih project in Jharia Coalfields.

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Allotted captive coal blocks may be cancelled

by Coal Insights Bureau

December 29, 2008: The Centre may cancel the allotment of captive coal blocks made to private sector companies, if they are not developed within a time frame, according to the minister of state for coal Santosh Bagrodia.

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US coal output, exports to fall in 2009 on weak demand: EIA

December 29, 2008: US coal production and exports are expected to fall next year on a slowdown in global demand, Energy Information Administration (EIA) said in its short term energy outlook released in December.

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Indonesia's November coal exports down

December 29, 2008: The export of Indonesian coal has fallen nearly 86 percent to an estimated 3.67 million tons (mt) in November compared with 22.05 mt in October, according to data released by the country's trade ministry.

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Average prices fall at e-auction of coal in November

December 29, 2008: As much as 82.76 percent of the total quantity of coal offered by eight producing subsidiaries of Coal India Ltd (CIL) for electronic auction (e-auction) in November was lifted by consumers.

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Local, foreign cos gear up for UG mining equipment supply

by Neha Prasad

December 29, 2008: Coal India Ltd (CIL) has an array of technology and equipment at its disposal in its quest to encourage underground (UG) mining. Domestic suppliers have still to update themselves on the technology as foreign companies have more new methods to offer. This is largely because UG mining has never really gained sway in India.

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Fresh equipment input needed in UG mining

by Neha Prasad

December 29, 2008: Indian coal producing companies like Coal India Ltd (CIL) and Singareni Collieries Company Ltd have now decided to concentrate on underground (UG) mining for better quality and quantity of coal.

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India needs more UG mining equipment as focus shifts

by Neha Prasad

December 29, 2008: Underground (UG) mining has come into the spotlight of late in India, with the growing realisation that opencast reserves will soon be exhausted. To maintain production, the country will have to focus on underground mining activity but it has certain limitations in this respect.

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Jindal Power to raise Rs 7,000 cr for Chhattisgarh project

December 29, 2008: Jindal Power's (JPL) brownfield project in Chhattisgarh will be funded from domestic and international sources - bank loans, bonds and external commercial borrowing - as the company plans to raise Rs 7,000 crore in the next year.

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Falling crude pulls down thermal coal prices

December 29, 2008: Prices of thermal coal have continued to fall since November this year.

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Xstrata forced to take price cut

December 29, 2008: Xstrata plc was forced to accept a cut in prices for annual calendar year contracts for thermal coal with Japanese utilities, according to a recent report from Citigroup Inc and Merrill Lynch & Co.

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Steel cos push back coking coal deliveries

by Arnab Mallick

December 29, 2008: Steelmakers are focusing on optimising in the face of the global slowdown. There has been a series of production cuts by global steel majors.

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Singrauli to get 660-MW thermal power plant

December 29, 2008: Madhya Pradesh Rajya Khanij Nigam plans to set up a 660-MW thermal power plant in Singrauli for utilising coal from the Dongri Tal-2 block.

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West Bengal to lease four virgin coal mines from CIL

December 29, 2008: The West Bengal government plans to lease four virgin coal mines from Coal India (CIL) to ensure uninterrupted supply to its power plants.

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Jindal Power to hike Tamnar plant capacity

December 29, 2008: Jindal Power (JPL) has decided to raise electricity generation capacity at its Tamnar power plant by 2,400 MW to 3,400 MW over the next four years.

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Ministry considers infrastructure needs of power projects

December 29, 2008: The Ministry of Power recently held a meeting over issues concerning power projects.

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NMDC to spin off coal operations into JV

December 28, 2008: Public sector diversified mineral resources company, NMDC, will spin off its thermal coal operations into a separate company and induct a joint venture partner.

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CIL targets 9% growth, no dearth of coal: Bagrodia

December 28, 2008: Optimistic of a 9 percent growth in Coal India Ltd (CIL) despite recession, the Centre on Saturday said there would be no shortage of coal for any industry, including small and medium scale units.

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PT Bumi ups coal reserves by 18%

December 27, 2008: PT Bumi Resources Tbk (Bumi), the Indonesian mining company in which Tata Power owns 30 percent stake, has revised its coal reserves by 18 percent to 2,119 million tons from 1,800 million tons.

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CIL may go solo for Mozambique coal block

December 26, 2008: Coal India Ltd (CIL) may go it alone in Africa after its ties with ICVL have failed to yield the expected results. ICVL is a venture floated by five leading PSUs, including CIL.

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Bhel to supply equipment to NTPC project

December 26, 2008: Bharat Heavy Electricals Ltd (Bhel) will supply and install the main plant equipment for NTPC's Mauda super thermal power project in Nagpur, under a Rs 2,100-crore order.

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CIL set to finalise JV partners for mine revival

December 26, 2008: Coal India (CIL) is expected to give a final list by March 2009 for its joint venture (JV) partners in reviving abandoned mines.

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Brazil coal imports up 10.8% in Nov

December 24, 2008: Coal imported by Brazil in November 2008 stood at 1.62 million tons (mt), up by 10.8 percent compared to the same month last year.

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Vietnam coal exports slip in Oct

December 24, 2008: Coal exports by Vietnam in October 2008 slipped to 1.09 million tons (mt), down by 59.9 percent compared to the same month last year with an average FOB export price of $107.86 which was up by 258.93 percent.

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Canada coal exports up 10.2% in October

December 24, 2008: Canada exported a total of 27.7 million tons (mt) of coal during October 2008, up by 10.2 percent compared to the corresponding period last year.

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Coal India workers to strike

December 23, 2008: Coal India Ltd (CIL) workers will go on strike for three days across the country, from January 5 next year, according to a notice served on CIL authorities by five central coal trade unions.

Source: Business Standard

Spot deals of Australian thermal coal realised

December 23, 2008: Four spot deals were realised on December 19, 2008, at the Australian thermal coal market by loading at Newcastle (Phys NEWC) of globalCOAL.

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Steel Exchange joins hands with Reliance Power

December 23, 2008: Steel Exchange India Ltd (SEIL) will partner with Reliance Power for selling power generated from its Ravulapalem unit in West Godavari district.

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RIL gets $6,00,000 US grant

December 22, 2008: Reliance Industries (RIL) has received a grant of $6,00,000 (less than Rs 3 crore) from the US Trade and Development Agency for its proposed coal-to-liquid (CTL) fuel project.

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GMR Group may buy Indonesia coal mine

December 22, 2008: GMR Group plans to feed 1,500 MW power generation capacity for 20 years with supplies from a 100 to 150 million ton (mt) coal mine in Indonesia.

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GMR bullish on power; plans to buy coal mine in Indonesia

December 20, 2008: GMR Group plans to buy 100-150 million ton capacity coal mine in Indonesia to feed 1,500 megawatt power generation capacity for 20 years.

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CIL set to buy overseas mines

December 19, 2008: Coal India (CIL) has decided to take over three mining blocks, with estimated reserves of over 120 million tons, in Indonesia.

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Delay may lead to cancellation of coal block allocation

December 19, 2008: The Coal Ministry has decided to cancel coal mines allotted to steel and power companies if there is unnecessary delay in the development of captive mines.

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CMPDIL to explore Talcher coalfield

December 19, 2008: Central Mine Planning & Design Institute (CMPDIL) is expected to start detailed exploration of the Mandakini coal block B in Talcher Coalfield for Orissa Mining Corporation (OMC).

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Newcastle coal price rises after 4-week fall

December 18, 2008: The globalCOAL NEWC Index for thermal coal prices at the New South Wales port increased A$2.16, or 2.8 percent, to $78.25 per ton in the week ended December 12.

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South Korea imports 8.4 mt coal in Nov

December 18, 2008: South Korea imported a total of 8.4 million tons of coal in November 2008 at an average CIF price of $154.43 per ton.

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Thermal coal slips on low output, demand

by Sarbani Haldar

December 17, 2008: Prices of thermal coal continued their decline through most of November and into the first week of December.

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US coking coal exports up 74.5%

December 17, 2008: In the month of October 2008, the US exported a total of 4.07 million tons of coking coal at an average FOB price of $179.69 per ton.

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Shenhua Energy coal production up

December 17, 2008: China's Shenhua Energy Company Limited, registered a growth of 18.9 percent in its salable coal production in November 2008 and reached 15.7 million tons (mt)compared to the same month last year.

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China coal coke production down 29.7%

December 17, 2008: China produced 20.2 million tons (mt) of coal coke in November 2008, down by 29.7 percent compared to the same month last year.

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Spot deals of Australian thermal coal realised

December 17, 2008: Two spot deals of 15,000 tons each were realized on December 15, 2008 at the Australian thermal coal market by loading at Newcastle (Phys NEWC) of globalCOAL, for delivery in January 2009 at $83.25 and $84 FOB.

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World's largest coal terminal coming up at Wandh

December 17, 2008: The Adani Group is planning to set up the world's largest coal handling terminal at Wandh, which will be able to mechanically evacuate 40 million tons (mt) of coal per year.

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Thermal plants to be upgraded

December 16, 2008: An Indo-German Energy programme would seek to bring in German expertise for an upgrade of domestic thermal power plants.

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Coal supply hit by Talcher trouble

December 16, 2008: Villagers blocked transport of coal by road from Talcher at Dera and Handhidhua.

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Coal coke production by China in October 2008

December 16, 2008: Coal coke production of China in October 2008 reached 21.9 million tons (mt), down by 21 percent compared to the same month last year.

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Coal exports by China in November 2008

December 16, 2008: China exported 2.6 million tons (mt) of coal in November 2008, down by 38.16 percent compared to the corresponding period last year.

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China coal imports slip 50%

December 16, 2008: The total coal imports by China in November 2008 slipped by 50.1 percent to 2.1 million tons (mt) compared to the same month last year.

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Raw coal production of China up 5.2% in November

December 16, 2008: China produced 230 million tons (mt) of raw coal in November 2008, up by 5.2 percent compared to the same month last year.

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ABARE outlook on thermal coal positive

December 15, 2008: The Australian Bureau of Agricultural and Resource Economics (ABARE) has forecasted an optimistic outlook for the global thermal coal market.

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PT Adaro declares force majeure

December 15, 2008: One of the subsidiaries of PT Adaro Energy Tbk, PT Adaro Indonesia has suspended deliveries temporarily to three of its customers.

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JSW Bengal gets coal supply for Salboni project

December 15, 2008: JSW Bengal Steel will source coal for its 10-million ton (mt) steel plant at Salboni from three reserves in West Bengal.

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CMPDIL ties up with Mineral Exploration Corp

December 15, 2008: The process of coal exploration is expected to be smoother after the alliance between Central Mine Planning & Design Institute (CMPDIL) and Mineral Exploration Corp (MECL).

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Rlys inks long-term coal transport pact

December 12, 2008: The Railway Ministry and GVK Power (Goindwal Sahib) Ltd have signed a long-term coal transportation agreement for the 540-MW power plant in Punjab. The move is in response to the international slowdown.

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No competitive bidding for coal blocks

December 10, 2008: There will be no competitive bidding for coal blocks to power, steel and cement industries.

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HPGCL, IPGCL tie up for MP coal mining

December 10, 2008: Haryana Power Generation Corporation (HPGCL) and Indraprastha Power Generation Corporation (IPGCL) will develop a coal block in Singrauli, Madhya Pradesh under a joint venture - Yamuna Coal Company.

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Four spot deals of South African thermal coal realised

December 10, 2008: On December 8, 2008 at the South African thermal coal market (physical RB) of globlCOAL, four spot deals were realised at $72.00 FOB, out of which one deal of 50,000 tons was for delivery in January 2009 and three of 75,000 tons each were for delivery in February 2009.

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Spot deals of Australian thermal coal realised

December 10, 2008: Nine spot deals were realised on December 8, 2008 at the Australian thermal coal market by loading at Newcastle (Phys NEWC) of globalCOAL.

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Spot deal of Australian thermal coal<