NewStream Energy Technologies Group Inc (NSGP)

[drew11]

Found this article from last week. It does not mention CCTI but is this something they may get involved with? I have read that most of India's coal is low grade i.e. dirty. Just an FYI, take it for what it's worth....

CIL to invest Rs 2,500 cr in 20 washeries

New Delhi, Feb. 25

Coal India Ltd (CIL) will invest about Rs 2,500 crore to set up 20 coal washeries that will help boost the output of washed coking and non-coking coal.

"CIL has envisaged setting up of 20 new coal washeries for an ultimate raw coal throughput capacity of 111.10 million tonnes per annum with an estimated investment of about Rs 2,500 crore," the Economic Survey said.

The proposed units comprise seven coking coal washeries and 13 non-coking coal washeries that will help reduce ash content in the coal and improve calorific value. The average ash content in Indian coal is 35-38 per cent and washing helps reduce it by 7-8 per cent.

Operations begin

Further, the Survey said that 25 of the 208 coal blocks allocated to both public and private sector companies have started operations and the provisional output during the April-November 2009 period stood at 23.66 million tonnes.
The overall coal production increased 12.5 per cent to 325.87 million tonnes during the April-November 2009 as against the year-ago period.
The demand-supply gap for coal in the country is estimated at around 70 million tonnes for the current fiscal and is forecast to double in the next two years.

Outlook
The country is looking to increase coal output and has set a target to boost the production by 7.32 per cent in the next financial year.
India expects to produce 571.87 million tonnes of coal next financial year compared with 532.83 million tonnes in the current year.

Business Daily from THE HINDU group of publications