Coal shortages at various power generation companies gencos had impacted the electricity supply in the country during the peak summer months of April and May. State-owned CIL has given the contract to PT Bara Daya Energy consortium to import lakh tonnes of coal for supplying to gencos during August and September, sources said. Coal shortages at various power generation companies gencos had impacted the electricity supply in the country during the peak summer months of April and to sources, the letter for award of contract was issued to the L1 vendor of medium term tenders for east and west coast supply on July CIL awarded the contract for supply of lakh tonnes of imported coal to PT Bara Daya Energy Ltd consortium to the interested gencos during August and September, sources said. The gencos that have expressed their willingness to buy imported coal are CESC, Adhunik Power, Rattan India, Sai Wardha, Avantha Power & Infrastructure Ltd, Jindal India Thermal Power Ltd, Lanco Amarkantak Power Ltd, KSK, ACB India and D B Power. While lakh tonnes of coal would be imported for the month of August, lakh tonnes would be shipped for the month of India, in its board meeting held on July 8, decided to cancel the short-term tender of MT and supply the indented imported coal quantity against medium-term tender of east and west coast, sources said. On June 9, CIL said that it has floated its maiden tender to import million tonnes of coal to ensure adequate supply of the fuel to power plants in the country. The move was part of the government’s effort to build up stock of coal to avoid the reoccurrence of power outages which happened in April on account of shortage of the fossil fuel. On June 10, CIL floated two medium-term tenders for sourcing 6 million tonnes MT of coal from overseas, a move aimed at securing domestic fuel supplies amid the fear of shortage during monsoon. In April, coal secretary A K Jain had attributed the low coal stocks at power plants to several factors such as heightened power demand due to the boom in the economy post-Covid, early onset of summer, rise in the price of gas and imported coal, and sharp fall in electricity generation by coastal thermal power had said a lot of measures are already underway to improve power supply in the country.
Pt Bara Daya Energi India Pvt. Ltd. is a Tuticorin, Tamil Nadu based company registered on 2020-12-10 . Get the detailed information of Pt. Bara Daya Energi India Private Limited which has registered location is 106 A/9, Goal Grand Complex Ettayapuram Road Tuticorin Thoothukudi Tn 628002 In which carries out Wholesale trade and commission trade, except of motor vehicles and motorcycles.
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In an order that will bring relief to over 500 plot owners of Lotus City that was launched by the beleaguered 3Cs Group along the Yamuna Expressway almost a decade ago, the National Company Law Tribunal NCLT has approved the resolution plan submitted by Ace Infracity Developers Private Ltd. The NCLT did not entertain the objections put forward by the Yamuna Expressway Industrial Development Authority YEIDA, the land allotting body, and held that the amount of Rs 67 crore being brought in by the corporate debtor was sufficient for them to settle their dues. Under the resolution plan, allottees will get possession of 512 residential plots of the Lotus City project, valued at Rs 211 crore after it is developed. The term of this plan is 24 months within which the plots would be developed and delivered. Legal experts say that the order will not only bring relief to hundreds of families of this project but also clear the way for similar projects that are stuck due to disagreements with development authorities. The NCLT bench observed the resolution plan submitted by Ace Infracity Developers has been approved by the committee of creditors CoC with 100 percent votes and it cannot "interfere with the commercial wisdom" of the lenders. “As per our best estimate, the principal amount payable to YEIDA amounts to Rs crore and lease rent of Rs crore already paid …,” the order said. YEIDA had objected to the resolution plan, stating, “The Resolution Plan in its current form results in the Resolution Applicant acquiring approximately 100 acres of land on payment of a mere pittance of Rs crores towards outstanding dues and Rs 506 crore payable by the Corporate Debtor in terms of lease deed.” Piyush Singh, founding partner of PSP Legal, who represented buyers before the Supreme Court, NCLT and the National Company Law Appellate Tribunal NCLAT, said, "This judgment will not only bring relief to hundreds of families but also clear the path for more resolution plans which are stuck due to non-cooperation of authorities like NOIDA New Okhla Industrial Development Authority, Greater Noida Authority, YEIDA, etc. The authorities should keep the interest of the allottees over the unnecessary and avoidable litigation." “The NCLT has noted that Rs 67 crore that is being brought in as the principal amount by Ace is sufficient for YEIDA which had earlier raised a claim of around Rs 506 crore,” he added. The order A two-member bench of the NCLT in a June 14 order said the application "which is for approval of the Resolution Plan is allowed and the Resolution Plan of Rs crore is hereby approved". The tribunal said that the resolution plan submitted by Ace Infracity Developers is now "binding on the Corporate Debtor Three C Homes and other stakeholders" and shall come into force with immediate effect". In its 27-page long order, the NCLT said it is "satisfied that the Resolution Plan has made adequate provisions with respect to all the objections raised by" YEIDA. "The Monitoring Committee shall continue till the closing date. The Resolution Applicant would take a RERA Re-registration for the completion of the work as defined above," it said. Homebuyers’ take According to the order, the term of this resolution plan is 24 months “from the effective date” within which the plots would be developed and delivered. Amit Tyagi, a core member of Lotus City Plots Buyers Association, told Moneycontrol that they had finally received justice. “The incoming company will now have to fulfil all the liabilities of the old company. It will now have to provide for peaceful possession of the plots, provide for sewage facilities, level the land, roads, lights, club facilities and also seek for fresh approvals from the authority such as re-registration from the state RERA Real Estate Regulatory Authority for completion of the work,” he explained. Buyers have already paid around 65 percent of the cost of the plots, he said. “Going forward, a monitoring committee that will have two homebuyers as representatives, two representatives of Ace and the resolution professional will also be set up whose task will be to ensure that the entire resolution plan is delivered on ground,” he added. The back story The corporate insolvency resolution process was initiated by the NCLT against Three C Homes Private Limited on September 6, 2019. Gaurav Katiyar was appointed interim resolution professional IRP. He had selected two eligible prospective resolution applicants for submission of bids, East India Udyog Ltd, which was in a joint venture with Ashiana Housing, and Ace Infracity Developers. Two others, ND Software, a partnership firm, and Harshvardhan Reddy, were found ineligible. The CoC in its fifth meeting in 2020 opted for Ace Infracity's bid. On February 8, 2021, the NCLT had rejected the plea filed by the IRP seeking approval of the resolution plan, following opposition by some of the allottees. This was challenged before the NCLAT by the homebuyers’ association. On July 8, 2021, NCLAT remanded the matter back to the NCLT and directed that benefits of homebuyers be reconciled in the approved resolution plan. It had also impleaded the YEIDA to determine the status of the dispute with the farmers from whom the land was acquired. Lotus City Plot Buyers Welfare Association filed an appeal before the Supreme Court against the NCLAT order. The court remanded the case back to the tribunal. USER CONSENT We at moneycontrol use cookies and other tracking technologies to assist you with navigation and determine your location. We also capture cookies to obtain your feedback, analyse your use of our products and services and provide content from third parties. By clicking on 'I Accept', you agree to the usage of cookies and other tracking technologies. For more details you can refer to our cookie policy. *We collect cookies for the functioning of our website and to give you the best experience. This includes some essential cookies. Cookies from third parties which may be used for personalization and determining your location. 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Batubara hasil eksplorasi Ganda Alam Makmur memiliki nilai kalori berkisar dari 3.500 hingga 4.800 gar. Ketiga, tambang penghasil batu bara tingkat menengah yang ramah lingkungan, Bara Anugrah Sejahtera. Terletak di Muara Enim, Sumatera Selatan, Titan memiliki konsesi area senilai 2.164 hektare dengan potensi sumber daya batu bara 50 juta ton.Perseroanmendirikan anak perusahaan baru yaitu Atlas Daya Energi dan Sriwijaya Muba Logistik. Hanson Energy menandatangani perjanjian jual beli batubara dengan PT PLN (Persero) untuk memasok kebutuhan PLTU 2 Jawa Barat (Pelabuhan Ratu). Perseroan melakukan divestasi anak perusahaan yaitu PT Berau Bara Energi. 2018. .