CESC to import coal from South African mine from 2014
April 29th, 2011 - 6:47 pm ICT by IANSKolkata, April 29 (IANS) Power utility CESC Ltd, owned by the PRG group, will be able to import coal from a South African mine from 2014, a top executive of the company said Friday.
“We have taken 10 percent stake in an Australian company for future offtake from a South African mine under development. We will be able to import coal from the mine from 2014,” CESC vice chairman Sanjiv Goenka said at a press conference here.
“We have a total of 40 million tonnes agreement. We will get 2 million tonnes in a year for 20 years,” he said.
On the company’s 600 MW Haldia thermal project in West Bengal’s East Midnapore district, Goenka said the boiler and turbine projects for it had been finalised.
“Financial closure for the project is achieved and infrastructure work is in progress. We expect that very soon we will reach zero date for the project,” he said.
On coal mine auctions in the country, Goenka said: “We expect auction of coal mines in India in the next 12 months. We are going to bid aggressively.
“We need to get coal mines if we have to supply electricity in the city (Kolkata). We need to get control over the coal,” he added.
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- Shanghai Electric, Punj Lloyd bag CESC projects - Feb 10, 2011
- Shanghai Electric hopes for facility in India - Sep 14, 2011
- CESC's Haldia thermal power project by 2013-14 - Jul 29, 2011
- CESC net up 137 percent in Q4 backed by tariff hike - May 08, 2012
- CESC to set up its first hydropower unit - Dec 07, 2010
- Kolkata power firm may hike tariff - Aug 09, 2011
- Calcutta power utility earns Rs.4,000 crore in FY11 - Apr 29, 2011
- India plans sovereign fund to buy coal assets abroad - May 04, 2012
- BHEL looks at South African market for CFBC boilers - Jan 31, 2012
- Haldia Energy to raise Rs.1,000 crore - Nov 03, 2010
- CESC sees 11 percent rise in profit before tax - Feb 10, 2011
- CESC posts Rs.126 crore net profit in quarter two - Oct 29, 2009
- Coal shortage could hit hard power projects - Oct 09, 2011
- CESC acquires two hydroelectric projects - May 16, 2012
Tags: 12 months, april 29, auction, boiler, closure, coal mine, coal mines in india, electricity, goenka, infrastructure work, midnapore district, offtake, percent stake, prg group, s 600, sanjiv, top executive, turbine, vice chairman, west bengal