Nation
Pranab Mukherjee files nomination for presidential polls

Pranab Mukherjee handed over his nomination papers to Vivek Kumar Agnihotri, Rajya Sabha secretary general and returning officer for the presidential elections


New Delhi: Amid a show of strength, United Progressive Alliance (UPA) nominee Pranab Mukherjee Thursday filed his nomination papers for the 19th July presidential elections in the presence of prime minister Manmohan Singh, Congress president Sonia Gandhi and a host of leaders, reports PTI.
 
Mr Mukherjee handed over his nomination papers to Vivek Kumar Agnihotri, Rajya Sabha secretary general and returning officer for the presidential elections.
 
Soon after completing the process, Mr Mukherjee thanked parties like SP, BSP, JD(U), CPI-M and Shiv Sena for reposing faith in him.
 
"I am grateful to them as they have reposed faith in me to occupy the office which was occupied in the past by great stalwarts of this country. I only wish at this time that let me have the blessings of God and co-operation of all at this juncture," he told reporters at the Parliament House.
 
Four sets of nomination papers, signed by as many as 480 MPs and MLAs, including Union ministers, chief ministers, Congress legislature party leaders and PCC chiefs were submitted by Mr Mukherjee.
 
Convenor of the opposition NDA and JD (U) president Sharad Yadav was the first signatory on one set of nomination papers followed by defence minister AK Antony. Samajwadi Party chief Mulayam Singh Yadav and BSP supremo Mayawati have also signed the nomination papers.
 
As a matter of abundant precaution, each set of nomination papers have 60 proposers and 60 seconders against 50 proposers and 50 seconders as required under election rules.
 
SP supremo Mulayam Singh Yadav, RJD chief Lalu Prasad, RLD chief Ram Vilas Paswan, Congress general secretary Rahul Gandhi and union ministers such as P Chidambaram, Farooq Abdullah, Ajit Singh, E Ahamed, AK Antony, Pawan Kumar Bansal, Ashwini Kumar were present at the time of Mr Mukherjee filing his nomination papers.
 
As expected, UPA ally Trinamool Congress, which has decided not to back Mr Mukherjee, was not present.
 
SP leader Ram Gopal Yadav, BSP leader Satish Chandra Mishra, NCP leader DP Tripathi were among others who witnessed the filing of nomination papers.
Parliamentary affairs minister Pawan Kumar Bansal has been appointed as Mr Mukherjee's authorised representative.

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Tata Power scouts for coal mines in Indonesia, South Africa

Of the four Indonesian mines, Tata Power already owns 30% stake each in two of them, with an offtake of a little over 40 MT annually from them

 

Mumbai: With a severe shortage of domestic coal supply as the state-run monopoly Coal India is unable to increase output, private utility Tata Power is scouting for coal mines overseas, particularly in Indonesia and South Africa, reports PTI quoting a senior company official.

“Given the demand for the fuel for our power plants and shortage of domestically produced coal, we have to depend on imports. We are looking at Indonesia and South Africa for acquiring coal mines,” Tata Power executive director (operations) S Padmanabhan told PTI in an interview.

However, he did not elaborate on the timeline for any such deal or the quantum of funds earmarked for this. But he said this would not be an outright purchase but mostly picking up stakes in already operating mines.

Currently, the company sources coal from four mines in Indonesia and two in Australia.

Of the four Indonesian mines, Tata Power already owns 30% stake each in two of them, with an offtake of a little over 40 million tonnes (MT) annually from them.

“However, our current offtake from these mines is only 3 MT, while we can ship as much as 20 MT from each of them. But we don't do that since that will push up cost of power too high.”
 
The imported coal is used to fuel the company's plants in Trombay (1,580MW) in Mumbai and the 4,000MW ultra mega power project (UMPP) in Mundra, Gujarat.

This March, the first unit of 800-MW of the Mundra UMPP was commissioned and Tata Power expects to commission the second unit of an equal capacity by August.

As of 12 March 2012, the company had an installed capacity of 5,299MW, which includes 447MW hydel power, 28MW of solar and 375 MW of wind mills and the rest comes from mix of coal, oil and gas fired plants.

Tata Power's shares were trading at Rs99.40 per share on the Bombay Stock Exchange at 11:00am, while the Sensex was at 17,012.

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