In a strategy aimed at cushioning the impact of expensive imported coal, power major NTPC Ltd is in final stages of launching an ambitious plan to move this coal from the high seas to its generating stations through inland waterways, starting with its Farakka plant in West Bengal. The very first consignment for Farakka — a ship bearing 69,060 metric tonnes (MT) of imported coal — has already arrived at Sand ...

Meralco PowerGen Corp. (MGen), the power generation unit of Manila Electric Co. (Meralco), has acquired the 20 percent stake of First Metro Investment Corp. (FMIC) in Global Business Power Corp. for P7.15 billion. In a disclosure to the Philippine Stock Exchange yesterday, Meralco said MGen and FMIC have signed a shareholders’ agreement to complete the sale of FMIC’s 20-percent stake in Global Power, a powe ...

China Machinery Engineering Corporation (CMEC), reputed to be the number one Engineering, Procurement and Construction (EPC) contractor in China for international power plant construction has stated that it would contribute almost 2,000megawatts of electricity to Nigeria. Speaking at the inauguration of the 500megawatt-capacity Omotosho Power Plant built under the National Integrated Power Project (NIPP) in ...

APR Energy is pleased to announce a strategic alliance with GE, extending the reach of both companies in the growing fast-track turnkey power solutions space. Under terms of the deal, GE contributes its turbine rental business to APR Energy in return for cash and approximately 16.5 percent of APR Energy, making GE a key strategic investor in the company. Additionally, GE and APR Energy have entered into a s ...

India’s largest power producer, NTPC Limited, was planning to enter the coal-mining industry, with the aim of producing coal from captive domestic mines, as well as forming plans to acquire overseas coal assets. According to an official in the Power Ministry, NTPC's entry into the coal mining market was strategic - to source 100-million tonnes a year of coal from ten captive mines, and to gain more efficien ...

Japanese and Korean power players are exploring more investment opportunities in the Philippines and are open to joint venture partnerships with local players, an energy official said Friday. Energy Secretary Carlos Jericho Petilla told reporters Korea Electric Power Corp. and Japanese firms Mitsubishi Corp. and Mitsui & Co. Ltd. were now studying investment opportunities in the country. “Kepco is serio ...

Mudajaya Group Bhd has set its sights on building and operating two ultra mega power plant (UMPP) projects with a capacity of 4,000 megawatts (MW) each in India. The group is looking for a partner -- either from Malaysia or India -- to form a consortium with its current partner in India to bid for the projects. Currently, Mudajaya is undertaking 1,440MW coal-fired power plant through its 26 per cent associa ...

South Korea’s plan to almost halve its planned use of atomic power will encourage the world’s second-largest buyer of liquefied natural gas to sign new supply deals, according to Woodside Petroleum Ltd. The likely increased demand from Korea, which taxes coal to discourage use of the dirtier-burning fuel, will give buyers such as Korea Gas Corp confidence to commit to the fuel to comply with government poli ...

An amendment to Thailand's power development plan will prioritize coal as the preferred fuel for power generation and recommend stepping up imports of hydropower from neighboring countries, the Ministry of Energy's Energy Policy and Planning Office said Monday. The amendments are due to be made before the year, EPPO director general Samerjai Suksumek said. The head of the Department of Mining and Petroleum ...

Mining giant BHP Billiton plans to withdraw from nearly all of its oil and gas exploration projects in India, reportedly due to regulatory delays. The firm said it would give up nine exploration blocks in the country, leaving it with just one. The move deals a blow to India's attempt to boost domestic production and reduce its reliance on oil imports. It is also a major setback for the government, which has ...