Wed Jan 18, 2012
DAKAR Jan 18 (Reuters) - Korea Electric Power Corp announced on Wednesday an accord with the West African state of Senegal to supply it with a 250 MW coal-fired power station at a cost of 300 billion CFA francs ($582.52 million) to be operational from 2015.
Under the agreement, KEPCO and the Korean Development Bank will entirely finance the building of the plant but in return will have the right to sell its energy output back to Senegal, which is fighting to overcome shortages in its power sector.
The agreement was unveiled at a joint news conference with KEPCO CEO Seung Kyoo An and Energy Minister Karim Wade.
(sourced Reuters)
Showing posts with label signed a contract. Show all posts
Showing posts with label signed a contract. Show all posts
Wednesday, January 18, 2012
Saturday, February 26, 2011
Coal India Awards $130m Supply Contract
Sat, Feb26,2011
Coal India has signed a contract with US-based mining equipment maker P&H for the procurement and supply of heavy mining equipment.
The contract, worth INR5.9bn ($130m), includes acquisition of two 42 cubic metre shovels and 17 years of maintenance and repair services.
Coal India Chairman Partha Bhattacharyya told the Business Standard that the equipment will help the firm to stop outsourcing overburden removal.
The firm will set up the shovels in its south-eastern coalfields to maintain productivity levels.
The firm has also placed 16 new dumpers worth INR2.56bn ($60m), to evacuate the coal mined from these shovels.
The shovels will be delivered to Coal India within 14 months.
Coal India has signed a contract with US-based mining equipment maker P&H for the procurement and supply of heavy mining equipment.
The contract, worth INR5.9bn ($130m), includes acquisition of two 42 cubic metre shovels and 17 years of maintenance and repair services.
Coal India Chairman Partha Bhattacharyya told the Business Standard that the equipment will help the firm to stop outsourcing overburden removal.
The firm will set up the shovels in its south-eastern coalfields to maintain productivity levels.
The firm has also placed 16 new dumpers worth INR2.56bn ($60m), to evacuate the coal mined from these shovels.
The shovels will be delivered to Coal India within 14 months.
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