Thursday, August 23, 2007

ALIBAUG power plant stayed till next hearing

Daily News & Analysis
Friday, August 24, 2007 9:23:00 AM

Ambani’s power plant stayed till next hearing

Chittaranjan Tembhekar

ALIBAUG-NAVI MUMBAI: Bombay High Court on Thursday stayed Reliance Energy’s 4000MW power plant, that was proposed to be built in Shahpur near Alibaug in Raigad district.

The court has asked the Anil Ambani-led company not to commence the project till the next hearing with the state ministry of environment and forest and subsequent orders from the court.

The project envisages constructing 2800 MW gas-based power plant and 1200 MW coal-based thermal power generation unit. Interestingly, Reliance Energy has signed a memorandum of understanding (MoU) with the Maharashtra government only for the gas-based plant while the MoU for coal plant was yet to be signed. The petition was filed by Shetkari Sangharsh Samiti.

According to sources, the plant’s construction was scheduled to begin soon. The court has asked the Maharashtra Pollution Control Board to submit the report of a public hearing conducted on August 4, 2007, to the ministry and has in turn directed the ministry to take appropriate decision in accordance with law by giving a proper hearing to Reliance.

Advocate JJ Bhat appeared for Reliance Energy and told the court that the ministry of environment had so far not accorded approval to the project.

Adv Suresh Pakale appeared on behalf of the Samiti. RV Govilkar appeared for the pollution board and Pradip Patil for the state government.

JSW yet to secure long-term coal supply

Rising prices upset power cos' hunt for coal assets abroad

20 Aug, 2007, 0622 hrs IST, PTI

MUMBAI: Indian power utilities are finding it increasingly difficult to acquire coal assets abroad as their prices are hotting up with each passing day. This is true for particularly coal assets in Indonesia, Australia and Mozambique where Indian companies are scouting for acquiring mines because of freight advantages.

India aims to set up five UMPP (ultra mega power projects) of 4,000 MW capacity each with imported coal. These projects would require more than 75 million tonnes of coal a year. Besides, several other private players require an equal amount for other projects in the pipeline.

Due to sudden spurt in demand from India for imported coal, several countries are raising prices. “Coal miners in Indonesia, Australia, Mozambique and Africa know that India needs coal to fuel its upcoming power and steel projects.

They also know that many within the country are fighting among themselves to acquire these assets,” Raaj Kumar, MD, JSW Energy said. “This has created a price inflation and there is no signs of stabilising that.” he further added. Other sources said the difficulty was that there are very few assets on sale in these countries, but there are many takers which was fuelling their prices.

The situation is so grave that Kumar’s own company, which has received financial closure for Rs 4,500 crore, 1,200 MW thermal power project at Ratnagiri in Maharashtra is yet to secure long-term coal supply from abroad.

Sunday, August 19, 2007

Ghataprabha thermal power plant project dropped

DH News Service, Mysore:
According to sources, the government had yielded to pressure from Maharashtra and Andhra Pradesh governments and is not going ahead with the 1000MW project.

The Karnataka Government has dropped coal-based Ghataprabha thermal power plant in Belgaum district as it has called for “global invitation for request for qualification” for only Chamalapura in Mysore district and Jewargi in Gulbarga district.

According to sources, the government had yielded to pressure from Maharashtra and Andhra Pradesh governments and is not going ahead with the 1000MW project. The two neighbouring states are said to have objected to the project saying that it would pollute the Krishna river.

The invitation for two 1000 MW plants in Jewargi and Chamalapura were invited on August 8.

However, the government seems to have ignored the protests for the Chamalapur project. No public hearing has been held for the project.

In its July 18 order, the Ministry of Water Resources has given approval in principle for the annual use of 1.56 tmc water for each plant.

As per the invitation, the last date to obtain application is September 7 and to submit September 14. It has also been decided to hold a meeting on September 21 and before October 6, the responses will be given and on October 27, list of bidders will be announced.

Karnataka Industrial Areas Development Board has been entrusted with the responsibility of acquiring land already identified for the plants in Chamalapura and Jewargi.

Independent bodies will be formed to get permission from the Department of Environment and to study the feasibility of the projects, according to the invitation.

It also says that the firms will have to give government 85 per cent of power generated in these plants and the projects should be completed in 48 months.

Suicide threat
The farmers in and around Chamalapur have protested the proposed plant.

If the government continues with the project, the farmers have threatened to commit mass suicide.

They have also planned to seek Tamil Nadu’s support as the Kabini and Cauvery rivers will be polluted if the plant is set up in Chamalapura.


Tuesday, August 14, 2007

Sunil Hi-Tech bags order worth Rs 111.75cr from JSW Steel

2007-08-14 12:32:17
Source :

Sunil Hi-Tech Engineers Limited has bagged Rs 111.7 crore order from M/s JSW Ltd., for 4x300MW thermal power Plant located at Jaigarh, Ratnagiri, Maharashtra. The order involves structural fabrication and erection works including supply of steel within a period of 22 months.

This order reiterates the companies' deliberation in balancing its public - private mix of clientele. The clientele of the company includes heavy weights like NTPC, BHEL, Sterlite, Jindal Steel& Power, Reliance Energy, State Electricity Board of Tamil Nadu among others.

"The company is confident of its steady growth and our progress till date only strengthens our resolve to be the most innovative and efficient contributor to the Indian power industry." said Mr. Sunil Gutte, Executive Director of Sunil Hi-Tech Engineers Ltd.

The company witnessed a 135% jump in its Net Profit for Q1 FY08 YoY. The Net Sales of the company have seen a 51.21% rise to Rs 45.36 crore as against Rs 30.00 crore in the same period last year. The Operating Profit of the company has also shot up 132% to Rs 7.94 crore from Rs 3.41 crore for the same period last year. The Net Profit of the company stands at Rs 3.43 crore which is a 135% increase as compared to Rs 1.46 crore witnessed in quarter one, for the previous fiscal.

Sourced From: Concept Public Relations India Pvt. Ltd

Saturday, August 4, 2007

Opposition to the 1200 MW coal-based thermal power plant and port in Jaigad

Date:04/08/2007 URL:


Shiv Sena attacks Jindal office in Jaigad

Special Correspondent

MUMBAI: Opposition to the 1200 MW coal-based thermal power plant and port in Jaigad in Ratnagiri district is being stepped up, with about 40 Shiv Sainiks attacking the office of JSW Energy Ltd, an O.P. Jindal Group company on Thursday. Twelve persons were arrested for the offence. The Shiv Sena is the only political party supporting the farmers and fisherfolk in the region.

The thermal power plant on the coast as well as the proposed port has been drawing protests from mango farmers in the region and the fisherfolk. The Ratnagiri Zilla Jagruk Manch had filed a writ petition last year in the Bombay High Court challenging the manner in which public hearings were held for the plant. The court issued orders on April 26 asking the National Environmental Engineering Institute (NEERI) in Nagpur to conduct a study in coordination with the Maharashtra Pollution Control Board (MPCB).

Dr. Vivek Bhide, president of the Manch, told The Hindu from Ratnagiri that NEERI had submitted a report to the court in July which clearly said that the company’s coal handling system was not proper in view of the high wind s peeds in the area.

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Thursday, August 2, 2007

Jindal's Ratnagiri project attains fin closure

THE ECONOMIC TIMES. Aug, 2007, 2220 hrs IST, PTI

MUMBAI: Sajjan Jindal promoted JSW Energy's Rs 4,500 crore, 1,200 MW coal-based power project at Ratnagiri has completed its financing exercise with funds from 21 financial institutions, led by country's largest lender SBI.

Located at Jaigad in Ratnagiri district of Maharashtra, the imported coal-based power project would be funded in a 3:1 debt-equity ratio, the company said in a release here.

SBI Capital Markets is the lead arranger and advisor for the project.

"The lenders are also derisked from interest rate vagaries as the interest rate is benchmarked to SBI Advance Rate and respective banks' Prime Lending Rate," it said.

JSW Energy would set up four units of 300 MW each. The construction work for the project has already been commenced.

"The boom in the Indian economy has given rise to a huge demand for energy in the future. We plan to cater to this demand through this project," JSW Energy Chairman Sajjan Jindal said.

JSW Energy has tied with a Chinese company for a part of its coal supplies and intends to acquire coal mines in Indonesia and Mozambique to meet the balance requirement.