NTPC to import coal
NTPC Ltd plans to import coal directly, starting next fiscal.
“We plan to import 15-16 million tonnes of coal directly from next year,” R.S. Sharma, chairman and managing director of NTPC, told The Telegraph.
The government had nominated state-run MMTC to import 12.5mt coal on behalf of NTPC last year.
The tender, reissued at the end of August, faced delays and affected production at some NTPC units.
NTPC’s total coal requirement during 2009-10 is estimated at 150 million tonnes.
The power producer is also close to striking a coal block deal in Mozambique or Indonesia to secure its coal supplies.
Earnings boost
NTPC is targeting at least Rs 2,400 crore by selling power in the open market in the next few years. It is creating 2,000mw of fresh capacity, including two units of 500mw each at Farakka and Korba.
“These two units will generate at least 8 billion units of power. Even if we sell the power at Rs 1.5 per unit, we earn a revenue of Rs 1,200 crore. Another Rs 1,200 crore will come when the additional 1,000mw of merchant power generation is set up,” NTPC director (commercial) Inderjit Kapoor said today on the sideline of the company’s upcoming FPO roadshow in Calcutta.
Showing posts with label energy. Show all posts
Showing posts with label energy. Show all posts
Jan 31, 2010
Mar 26, 2008
BP to Spice up refinery
R. SURYAMURTHY
New Venture
New Delhi, March 24: BP will enter into a strategic agreement to supply crude oil to Spice Energy for the 5-million-tonne refinery at Haldia being set up by CALS Refineries. Spice Energy is the holding company of CALS.
Sources said officials of the two companies had finalised the memorandum of understanding and would strike the deal soon.
BP, formerly British Petroleum, will supply 2.5 million tonnes of heavy crude and a similar quantity of light crude to the Haldia refinery.
CALS Refineries will produce aviation turbine fuel, LPG and petroleum coke for the domestic market. It also plans to produce petrol and diesel for export, which BP is interested in buying out.
R. SURYAMURTHY
New Venture
New Delhi, March 24: BP will enter into a strategic agreement to supply crude oil to Spice Energy for the 5-million-tonne refinery at Haldia being set up by CALS Refineries. Spice Energy is the holding company of CALS.
Sources said officials of the two companies had finalised the memorandum of understanding and would strike the deal soon.
BP, formerly British Petroleum, will supply 2.5 million tonnes of heavy crude and a similar quantity of light crude to the Haldia refinery.
CALS Refineries will produce aviation turbine fuel, LPG and petroleum coke for the domestic market. It also plans to produce petrol and diesel for export, which BP is interested in buying out.
Mar 22, 2008
Top race
Big queue for top NTPC post
R. SURYAMURTHY
New Delhi, Nov. 20: The government has started the search for the next chairman of the National Thermal Power Corporation (NTPC). The term of the present incumbent, T. Sankaralingam, will expire in April.
Sources said the Public Enterprises Selection Board (PESB) had prepared a shortlist of 13. Those in the fray include K. Ramachandran Pillai, A.K. Chaudhari and H.K. Sharma.
While Pillai is chairman of the National Textile Corporation, Chaudhari heads National Buildings Construction and Sharma is the boss of Satluj Jal Vidyut Nigam.
R. SURYAMURTHY
New Delhi, Nov. 20: The government has started the search for the next chairman of the National Thermal Power Corporation (NTPC). The term of the present incumbent, T. Sankaralingam, will expire in April.
Sources said the Public Enterprises Selection Board (PESB) had prepared a shortlist of 13. Those in the fray include K. Ramachandran Pillai, A.K. Chaudhari and H.K. Sharma.
While Pillai is chairman of the National Textile Corporation, Chaudhari heads National Buildings Construction and Sharma is the boss of Satluj Jal Vidyut Nigam.
Power cap
Power units face project cap
R. SURYAMURTHY
New Delhi, Nov. 15: The government is considering a cap on the number of mega power projects to be awarded to an industrial house.
Many companies have petitioned Union power minister Sushil Kumar Shinde for such a limit after Anil Ambani’s Reliance Power bagged the Sasan project in Madhya Pradesh, while emerging the lowest bidder for the Krishnapatnam project in Andhra Pradesh.
Reliance Power is also in the race for the Tilaiya project in Jharkhand.
R. SURYAMURTHY
New Delhi, Nov. 15: The government is considering a cap on the number of mega power projects to be awarded to an industrial house.
Many companies have petitioned Union power minister Sushil Kumar Shinde for such a limit after Anil Ambani’s Reliance Power bagged the Sasan project in Madhya Pradesh, while emerging the lowest bidder for the Krishnapatnam project in Andhra Pradesh.
Reliance Power is also in the race for the Tilaiya project in Jharkhand.
Power cut
Land hurdle to big power projects
R. SURYAMURTHY
Core issues
New Delhi, Nov. 27: The government’s ambitious mega-power-project programme has been hit by problems relating to land acquisition, coal supply and environment.
Officials in the power ministry said the Tamil Nadu government was finding it difficult to acquire land at a reasonable rate for the Cheyyur project, prompting it to rein in on plans for a second project.
Maharashtra, too, is finding the going tough with land, while the Karnataka government is facing a barrage of criticisms on environment for its Tadri project.
R. SURYAMURTHY
Core issues
New Delhi, Nov. 27: The government’s ambitious mega-power-project programme has been hit by problems relating to land acquisition, coal supply and environment.
Officials in the power ministry said the Tamil Nadu government was finding it difficult to acquire land at a reasonable rate for the Cheyyur project, prompting it to rein in on plans for a second project.
Maharashtra, too, is finding the going tough with land, while the Karnataka government is facing a barrage of criticisms on environment for its Tadri project.
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