Essar Ports signs agreement for 20 MTPA coal terminal in Beira Port
Essar Ports has signed a 30-year concession agreement with the Government of Mozambique to develop a new coal terminal at Beira Port, as part of a Public Private Partnership (PPP) project. The project will enhance the coal handling capacity of Mozambique by 20 MTPA in two phases of 10 MTPA each.
Spurt in imported coal prices to negatively impact the power value chain
The 60 per cent rise in imported coal prices (Richard Bay Index) between April - October 2016 is likely to negatively impact the power sector value chain, says India Ratings and Research (Ind-Ra). Discoms, IPPs with non-escalable fuel cost, merchant IPP’s and ports relying on imported coal for the bulk of their volumes will face volume and profitability pressures.
CIL eyes Bangladesh market
Coal India is in talks with power companies in Bangladesh for striking supply deals. This is the first time Coal India will export the fossil fuel on a commercial basis
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We have a business model where we are in both B2B and B2C markets. Our B2B endeavours include roads, transportation, power transmission lines, ports and metro rails among others, while our B2C business deals in providing integrated utilities like power, water, gas and internet to the masses.
DRI probes over-valuation of coal imports
The Directorate of Revenue Intelligence (DRI) has issued a nationwide alert to its offices and customs formations to scrutinise coal imports for over-valuation
The Asian Infrastructure Investment Bank (AIIB) announced the appointment of India´s nominee, Dr DJ Pandian, as the Vice-President, Chief Investment Officer of the newly formed $100 billion multilateral development bank.
Gujarat to prepare plan to handle possible oil spills
In view of the possibility of oil spill in the sea near Gujarat coast due to heavy traffic of ships, the State Forest and Environment department has decided to prepare a risk mitigation and response plan to save the fragile eco-system and underwater habitat of marine species.
PPT logs highest coal traffic
Paradeep Port Trust (PPT) logged the highest thermal coal traffic coal traffic among all major ports logging 12.5 MT in the April-August period under review. This is 13.07 per cent higher than 11.09 MT in the same period in the previous fiscal.
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