PowerMin pitches for coal for pvt cos GVK, Essar, Monnet
6 March 2014 5:52 AM IST
The six firms also include Monnet Power and GVK Power.
The Cabinet Committee on Economic Affairs (CCEA) last year had directed that coal may be supplied to power plants of 4,660 MW and other similarly placed power plants that meet criteria like having no fuel linkage but likely to be commissioned by 31 March, 2015, have long-term PPAs and a high bank exposure.
The power ministry had last month said in a letter that ‘all these projects have made huge investments with corresponding debt exposure to public sector banks and financial institutions.
However, their linked mines are not ready for production due to delays in getting various clearances,’ according to an official document.
‘In view of the above, it is the considered view of the MoP (the Ministry of Power) that these projects meet the criteria adopted to identify 4,660 MW and coal supplies need to be ensured for these projects,’ it said.
It also said projects have been commissioned or are likely to be commissioned by March, next year.
Some of these projects, includes Essar Power MP Ltd's Mahan TPP (Thermal Power Plant), Jindal India Thermal Power Ltd's Derang unit-2 and Monnet Power's Monnet Malibrahmani TPP (Unit 1).
These power plants are under the category of ‘similarly placed power plants expected to be commissioned by March, 2015 requiring tapering linkage,’ the document said.
RINL exports rocket 72% in first 11 months of this fiscal
Visakhapatnam: Rashtriya Ispat Nigam Ltd (RINL), the corporate entity of Vizag Steel, on Wednesday said that its turnover up to 28 February in the current fiscal recorded 2 per cent growth to Rs 11,766 crore. The PSU had clocked Rs 11,504 crore revenue for the 11 months period of last fiscal, 2012-13.
Exports recorded 72 per cent growth at Rs 725 crore during the 11-month period compared to of Rs 421 crores for the same period last year, 2013-14.
According to a release issued by the steel maker, during February, it reported 11 per cent and 20 per cent growth in liquid steel and saleable steel production respectively compared to February 2013.
RINL CMD P Madhusudan called for greater commitment and coordinated efforts from employees for sustainable growth in the wake of low profit margins, the release added.
February also witnessed a growth of 5 per cent in power generation thus reducing dependency on state grid. The cumulative sales volume of saleable steel, special steel and wire rods registered a growth of 12 per cent, 9 per cent and 39 per cent respectively, compared to the same period last year.
The Cabinet Committee on Economic Affairs (CCEA) last year had directed that coal may be supplied to power plants of 4,660 MW and other similarly placed power plants that meet criteria like having no fuel linkage but likely to be commissioned by 31 March, 2015, have long-term PPAs and a high bank exposure.
The power ministry had last month said in a letter that ‘all these projects have made huge investments with corresponding debt exposure to public sector banks and financial institutions.
However, their linked mines are not ready for production due to delays in getting various clearances,’ according to an official document.
‘In view of the above, it is the considered view of the MoP (the Ministry of Power) that these projects meet the criteria adopted to identify 4,660 MW and coal supplies need to be ensured for these projects,’ it said.
It also said projects have been commissioned or are likely to be commissioned by March, next year.
Some of these projects, includes Essar Power MP Ltd's Mahan TPP (Thermal Power Plant), Jindal India Thermal Power Ltd's Derang unit-2 and Monnet Power's Monnet Malibrahmani TPP (Unit 1).
These power plants are under the category of ‘similarly placed power plants expected to be commissioned by March, 2015 requiring tapering linkage,’ the document said.
RINL exports rocket 72% in first 11 months of this fiscal
Visakhapatnam: Rashtriya Ispat Nigam Ltd (RINL), the corporate entity of Vizag Steel, on Wednesday said that its turnover up to 28 February in the current fiscal recorded 2 per cent growth to Rs 11,766 crore. The PSU had clocked Rs 11,504 crore revenue for the 11 months period of last fiscal, 2012-13.
Exports recorded 72 per cent growth at Rs 725 crore during the 11-month period compared to of Rs 421 crores for the same period last year, 2013-14.
According to a release issued by the steel maker, during February, it reported 11 per cent and 20 per cent growth in liquid steel and saleable steel production respectively compared to February 2013.
RINL CMD P Madhusudan called for greater commitment and coordinated efforts from employees for sustainable growth in the wake of low profit margins, the release added.
February also witnessed a growth of 5 per cent in power generation thus reducing dependency on state grid. The cumulative sales volume of saleable steel, special steel and wire rods registered a growth of 12 per cent, 9 per cent and 39 per cent respectively, compared to the same period last year.
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