JSW in $2 bn deal with Japan’s K Line
JSW is setting up a 1,200MW coal-fired power plant in Jaigad, Ratnagiri district, Maharashtra, and a similar plant at Simar in Gujarat
P. Manoj
Bangalore: India’s JSW Group has signed a $2 billion (Rs8,160 crore), 10-year deal with Japan’s third biggest shipping firm by sales, Kawasaki Kisen Kaisha Ltd (or K Line), for transporting coal that will be used to fire the company’s steel and power plants, an arrangement that will ensure that the company is not affected by an increase in freight rates.
K Line will deploy 10 dry bulk carriers to ship coking and thermal coal from mines owned by the OP Jindal group in Indonesia and Mozambique, as well as coal from mines in Australia and China.
For JSW, the deal is beneficial as it will insulate the company from any escalation in freight rates, said a company executive who does not want to be named. Dry bulk shipping rates have been rising mainly due to demands for shipping raw materials into China and India.
The contract was signed by Hiroyuki Maekawa, president of K Line, and Sajjan Jindal, vice-chairman and managing director of JSW Steel Ltd and chairman of JSW Energy Ltd.
The group needs more coal as it has some new plants coming up. JSW is setting up a 1,200MW coal-fired power plant in Jaigad, Ratnagiri district, Maharashtra, and a similar plant at Simar in Gujarat.
It is also planning a 900MW power plant close to its steel plant at Vijayanagar, Bellary district, Karnataka. The company currently operates a 450MW plant in Bellary, which, apart from meeting its own captive needs, sells power to Power Trading Corp. Ltd.
Besides, JSW Steel is expanding its existing steel mill in Vijayanagar and plans to build two new mills in Jharkhand and West Bengal. JSW Energy, the group’s power generation unit, plans to expand to 15,000MW by 2015 (including coal thermal and hydropower plants).
The contract with K Line will start later in 2008 with two panamax ships. Five capesize ships and three more post-panamax ships will be deployed from 2011-12. By 2015, when all the ships enter service, JSW will be importing about 12 million tonnes of coal. “Freight revenue from the 10 vessels is expected to be over $200 million a year,” K Line said in a statement.
JSW had earlier concluded ship charter contracts with K Line for three vessels—a panamax starting 2008 and two post-panamaxes starting 2009. Thus, the total volume of coal K Line will transport for JSW by 2015 is expected to be around 15 million tonnes per annum, which is more than 40% of the total volume of coal to be imported by the two companies.
Panamax ships are called so because they are the biggest ships that can sail through the Panama Canal fully laden.
-----------------------------------------
Ref: http://www.livemint.com/2008/03/17231143/JSW-in-2-bn-deal-with-Japan.html
Monday, March 17, 2008
Monday, March 3, 2008
Mega power plant in Lalitpur, UP
Mega power plant in Lalitpur
2 Mar 2008, 0223 hrs IST,Pankaj Shah,TNN
LUCKNOW: In a major leap to achieve self-sufficiency by 2012, the UP Power Corporation Limited (UPPCL) has decided to set up a 4,000 mw ultra mega thermal power plant in Lalitpur district.
This would be the biggest plant to be set up by the corporation with the help of National Thermal Power Corporation (NTPC).
The plant, larger than the gas-based Dadri Power plant proposed in the NCR region, is expected to come up by 2012, by when most of the other proposed plants are also expected to be completed.
Chairman, UPPCL, GB Patnaik said that they would be entering into an agreement with the NTPC "within 30 days" for setting up of the mega project.
"Our target is to have power generation of 10,000 mw which is the basic requirement of the state," he said while talking to TOI. Interestingly, such type of power plants are set up in areas which are either on the sea coast or in the coal belt.
"We cannot change the geography of the state, but we can still try to have that," he said.
The decision to install the mega project comes barely days after a 'separate coal block' in Chedipura district of Orissa was allocated to UP along with Chhattisgarh and Maharashtra at the cost of Rs 40,000 crore by the Centre.
According to the arrangement, UP would be the biggest partner with 50 per cent share.
--------------------------------
(Ref: http://timesofindia.indiatimes.com/Lucknow/
Mega_power_plant_in_Lalitpur/articleshow/2830238.cms)
2 Mar 2008, 0223 hrs IST,Pankaj Shah,TNN
LUCKNOW: In a major leap to achieve self-sufficiency by 2012, the UP Power Corporation Limited (UPPCL) has decided to set up a 4,000 mw ultra mega thermal power plant in Lalitpur district.
This would be the biggest plant to be set up by the corporation with the help of National Thermal Power Corporation (NTPC).
The plant, larger than the gas-based Dadri Power plant proposed in the NCR region, is expected to come up by 2012, by when most of the other proposed plants are also expected to be completed.
Chairman, UPPCL, GB Patnaik said that they would be entering into an agreement with the NTPC "within 30 days" for setting up of the mega project.
"Our target is to have power generation of 10,000 mw which is the basic requirement of the state," he said while talking to TOI. Interestingly, such type of power plants are set up in areas which are either on the sea coast or in the coal belt.
"We cannot change the geography of the state, but we can still try to have that," he said.
The decision to install the mega project comes barely days after a 'separate coal block' in Chedipura district of Orissa was allocated to UP along with Chhattisgarh and Maharashtra at the cost of Rs 40,000 crore by the Centre.
According to the arrangement, UP would be the biggest partner with 50 per cent share.
--------------------------------
(Ref: http://timesofindia.indiatimes.com/Lucknow/
Mega_power_plant_in_Lalitpur/articleshow/2830238.cms)
Sunday, March 2, 2008
168 power projects cleared in 3 years
Environmental clearnace givrn to 168 power projects
01 March 2008
168 power projects have been accorded environmental clearance during the last three years. This includes 128 thermal power projects, 39 hydroelectric projects and 1 nuclear power project.
As of 15th February, 2008, 43 power projects are pending for environmental clearance, which include 37 thermal power projects, five hydroelectric projects and one nuclear power project. To facilitate early decision on these projects, their status is monitored continuously.
The environment impact assessment (EIA) notification, 2006, provides for appraisal of the impact that a project will have on the environment. This is done through EIA reports submitted by the project proponents and assessed by the multi-disciplinary expert appraisal committees constituted by the ministry of environment and forests.
-----------------------------
(Ref: http://www.domain-b.com/industry/20080301_environmental.html)
01 March 2008
168 power projects have been accorded environmental clearance during the last three years. This includes 128 thermal power projects, 39 hydroelectric projects and 1 nuclear power project.
As of 15th February, 2008, 43 power projects are pending for environmental clearance, which include 37 thermal power projects, five hydroelectric projects and one nuclear power project. To facilitate early decision on these projects, their status is monitored continuously.
The environment impact assessment (EIA) notification, 2006, provides for appraisal of the impact that a project will have on the environment. This is done through EIA reports submitted by the project proponents and assessed by the multi-disciplinary expert appraisal committees constituted by the ministry of environment and forests.
-----------------------------
(Ref: http://www.domain-b.com/industry/20080301_environmental.html)
Friday, February 29, 2008
PM to lay foundation stone for 1,980 MW Tiroda STPP
PM to lay foundation stone for thermal power station in Maharashtra
9 Feb, 2008, 1135 hrs IST,AGENCIES
GONDIA: Prime Minister Dr. Manmohan Singh will lay the foundation stone for the 1,980 MW Tiroda super thermal power station in Maharashtra's Gondia District today.
State Chief Minister Vilasrao Deshmukh, Union Agriculture Minister Sharad Pawar and Energy Minister Sushilkumar Shinde will attend the function.
Union Civil Aviation Minister Praful Patel, Minister of State for Coal Dasari Narayan Rao, Deputy Chief Minister R R Patil and host of cabinet ministers from the state will also present on the occasion.
During his one-day visit, Dr. Singh will also lay the foundation stone for the establishment of Rajiv Gandhi National Flying Training Institute of the Airport Authority of India (AAI) at Birsi airport in Gondia.
Before returning to Delhi, the Prime Minister will also attend the annual day function of Gondia Education Society headed by Praful Patel
-------------------
Ref: (http://economictimes.indiatimes.com/News/News_By_Industry/Energy/PM_to_lay_foundation_stone_for_thermal_power_station_in_Maharashtra/rssarticleshow/2769020.cms)
9 Feb, 2008, 1135 hrs IST,
GONDIA: Prime Minister Dr. Manmohan Singh will lay the foundation stone for the 1,980 MW Tiroda super thermal power station in Maharashtra's Gondia District today.
State Chief Minister Vilasrao Deshmukh, Union Agriculture Minister Sharad Pawar and Energy Minister Sushilkumar Shinde will attend the function.
Union Civil Aviation Minister Praful Patel, Minister of State for Coal Dasari Narayan Rao, Deputy Chief Minister R R Patil and host of cabinet ministers from the state will also present on the occasion.
During his one-day visit, Dr. Singh will also lay the foundation stone for the establishment of Rajiv Gandhi National Flying Training Institute of the Airport Authority of India (AAI) at Birsi airport in Gondia.
Before returning to Delhi, the Prime Minister will also attend the annual day function of Gondia Education Society headed by Praful Patel
-------------------
Ref: (http://economictimes.indiatimes.com/News/News_By_Industry/Energy/PM_to_lay_foundation_stone_for_thermal_power_station_in_Maharashtra/rssarticleshow/2769020.cms)
Friday, February 22, 2008
Large scale Mining projects coming up at Dhabol & Shirse in Konkan
February 21, 2008
Maharashtra signs MoUs with seven companies
Maharashtra signs MoUs with seven companies
Projects Today reported that Maharashtra government has signed MoU with seven companies for an investment of INR 5,444 crore.
The MoUs was signed by Jindal Saw for seamless tubes expansion project at its existing plant at Malegaon in Sinnar taluka of Nashik district. The capacity will be increased from 75,000 tonnes per annum to 220,000 tonnes per annum with an investment of INR 350 crore.
Romin Mining & Industries has signed a MoU for setting up an INR 2,500 crore alumina refinery and captive power plant at Dabhol in Chiplun taluka of Ratnagiri district.
Konkan Alumina will invest INR 1,350 crore in an alumina plant and captive power plant at Shirse in Rajapur taluka of Ratnagiri district.
MoUs were also signed with Hemras Technologies, Vortex Spanning and Brakes Auto India.
Ref: (http://steelguru.com/news/index/2008/02/21/MzczNTg%3D/Maharashtra_signs_MoUs_with_seven_companies.html)
Monday, February 11, 2008
PM to lay foundation stone for thermal stations
INDIA NEWS
PM to lay foundation stone for thermal power station in Maharashtra
Saturday, February 09, 2008
Gondia (Maharashtra), Feb 9 (ANI): Prime Minister Dr. Manmohan Singh will lay the foundation stone for the 1,980 MW Tiroda super thermal power station in Maharashtra's Gondia District today.
State Chief Minister Vilasrao Deshmukh, Union Agriculture Minister Sharad Pawar and Energy Minister Sushilkumar Shinde will attend the function.
Union Civil Aviation Minister Praful Patel, Minister of State for Coal Dasari Narayan Rao, Deputy Chief Minister R R Patil and host of cabinet ministers from the state will also present on the occasion.
During his one-day visit, Dr. Singh will also lay the foundation stone for the establishment of Rajiv Gandhi National Flying Training Institute of the Airport Authority of India (AAI) at Birsi airport in Gondia.
Before returning to Delhi, the Prime Minister will also attend the annual day function of Gondia Education Society headed by Praful Patel. (ANI)
-------
ref: http://www.keralanext.com/India/read.asp?id=1174102
Union Civil Aviation Minister Praful Patel, Minister of State for Coal Dasari Narayan Rao, Deputy Chief Minister R R Patil and host of cabinet ministers from the state will also present on the occasion.
During his one-day visit, Dr. Singh will also lay the foundation stone for the establishment of Rajiv Gandhi National Flying Training Institute of the Airport Authority of India (AAI) at Birsi airport in Gondia.
Before returning to Delhi, the Prime Minister will also attend the annual day function of Gondia Education Society headed by Praful Patel. (ANI)
-------
ref: http://www.keralanext.com/India/read.asp?id=1174102
Sunday, January 20, 2008
News on Ganapatipule, Jaigad (The Economic times)
Explore the natural beauty of Ganpatiphule beach
20 Jan, 2008, 0018 hrs IST, TNN
While droves of people from Mumbai head out to Goa every New Year’s Eve, eager to replicate the city’s endless traffic jams, crowds,
congestion and frayed tempers in a more exotic location, a few choose more offbeat destinations. Ganapatipule is a perfect retreat for
someone who wants a beach along the same coastline, minus the frenetic crowds putting considerable effort into having a good time.
On New Year’s Eve of course Ganapatipule is anything but desolate — it’s a touch and go getting accommodation at the MTDC’s large
resort complex on the beach. But it’s not packed either — there’s still enough space and beach to go around without people being in each
other’s hair all the time.
While there are several other resorts that dot Ganapatipule, MTDC has most of them trumped on location. Apart from being spread
across a very impressive stretch of the coastline, the MTDC resort is right next to what’s perhaps the biggest attraction — a Ganapati
temple that the place derives its name from.
According to local legend, the deity is ‘swayambhu’ — manifested of its own accord instead of actually being carved and installed.
And yet, Ganapatipule holds attractions for the secular visitor as well, unlike Tirupati for instance, where gawkers and tourists just out for
a good time are not welcome. First off, there’s the main beach, clean and well maintained.
Just a few kilometres away, there are several other beaches entirely devoid of the trappings and clamour that every big city beach is
encumbered with — even the almost mandatory coconut water guy is absent from some of these.
Jaigad Fort is a mere 35 kilometres away, an archaeological marvel that time and poor maintenance have done very little to diminish the
splendour of the fort. With the sea on three sides, Jaigad is one of the most visually spectacular destinations in Mahrashtra. What’s
lacking though is any attempt at giving the place a historical context.
For a traveller spoiled by the European and American tendency towards guided tours that are chockfull of trivia and history, it’s a bit odd
having to walk around and rely on conjecture and a DIY approach to figure out the how’s and why’s of the place.
It could be argued though that the lack of explanation leaves nothing to distract one from the sheer impact of the fort, and its ramparts
that overlook the sea.
Ganapatipule is among the few places where hotels by and large still focus on the local cuisine and have mostly not been pummelled into
an indistinguishable mix of South Indian, Chinese and Punjabi food. Modaks stuffed with a jaggery and coconut filling, freshly brewed
kokum sherbet/solkadi, distinctly flavoured vegetarian fare and a fairly extensive seafood menu are all exclusive to the place.
One eccentricity of all the restaurants that outsiders will have to adjust to is the fact that not everything is available all the time — items on
the breakfast menu for instance cannot be had as an after -dinner snack.
A mere eight hour drive from Mumbai, and well connected by buses from Ratnagiri, Ganapatipule is the perfect destination for a stressfree
weekend where the lack of an overwhelming number of tourist attractions enforces a lazy relaxed pace
(http://economictimes.indiatimes.com/ET_Features/The_Sunday_ET/As_You_Like_It/Explore_the_natural_beauty_of_Ganpatiphule_beach/articleshow/2714465.cms)
20 Jan, 2008, 0018 hrs IST, TNN
While droves of people from Mumbai head out to Goa every New Year’s Eve, eager to replicate the city’s endless traffic jams, crowds,
congestion and frayed tempers in a more exotic location, a few choose more offbeat destinations. Ganapatipule is a perfect retreat for
someone who wants a beach along the same coastline, minus the frenetic crowds putting considerable effort into having a good time.
On New Year’s Eve of course Ganapatipule is anything but desolate — it’s a touch and go getting accommodation at the MTDC’s large
resort complex on the beach. But it’s not packed either — there’s still enough space and beach to go around without people being in each
other’s hair all the time.
While there are several other resorts that dot Ganapatipule, MTDC has most of them trumped on location. Apart from being spread
across a very impressive stretch of the coastline, the MTDC resort is right next to what’s perhaps the biggest attraction — a Ganapati
temple that the place derives its name from.
According to local legend, the deity is ‘swayambhu’ — manifested of its own accord instead of actually being carved and installed.
And yet, Ganapatipule holds attractions for the secular visitor as well, unlike Tirupati for instance, where gawkers and tourists just out for
a good time are not welcome. First off, there’s the main beach, clean and well maintained.
Just a few kilometres away, there are several other beaches entirely devoid of the trappings and clamour that every big city beach is
encumbered with — even the almost mandatory coconut water guy is absent from some of these.
Jaigad Fort is a mere 35 kilometres away, an archaeological marvel that time and poor maintenance have done very little to diminish the
splendour of the fort. With the sea on three sides, Jaigad is one of the most visually spectacular destinations in Mahrashtra. What’s
lacking though is any attempt at giving the place a historical context.
For a traveller spoiled by the European and American tendency towards guided tours that are chockfull of trivia and history, it’s a bit odd
having to walk around and rely on conjecture and a DIY approach to figure out the how’s and why’s of the place.
It could be argued though that the lack of explanation leaves nothing to distract one from the sheer impact of the fort, and its ramparts
that overlook the sea.
Ganapatipule is among the few places where hotels by and large still focus on the local cuisine and have mostly not been pummelled into
an indistinguishable mix of South Indian, Chinese and Punjabi food. Modaks stuffed with a jaggery and coconut filling, freshly brewed
kokum sherbet/solkadi, distinctly flavoured vegetarian fare and a fairly extensive seafood menu are all exclusive to the place.
One eccentricity of all the restaurants that outsiders will have to adjust to is the fact that not everything is available all the time — items on
the breakfast menu for instance cannot be had as an after -dinner snack.
A mere eight hour drive from Mumbai, and well connected by buses from Ratnagiri, Ganapatipule is the perfect destination for a stressfree
weekend where the lack of an overwhelming number of tourist attractions enforces a lazy relaxed pace
(http://economictimes.indiatimes.com/ET_Features/The_Sunday_ET/As_You_Like_It/Explore_the_natural_beauty_of_Ganpatiphule_beach/articleshow/2714465.cms)
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