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Wednesday, 08 July 09
HUADIAN POWER BUYS INTO COAL MINERS
 Huadian Power International Corporation - China's largest independent power producerCannounced Tuesday in a filing to the Shanghai Stock Exchange that it was buying into two Shanxi coal companies through one of its wholly-owned subsidiaries.
The move indicates the company's expansion into upstream business to secure power coal supply and reduce operational risks, said a China Securities Journal report.
Huadian Power International, the listed arm of one of China's five leading power producers, China Huadian Corp, bought a 70 percent stake in each of the two coal companies for 397.6 million yuan ($58.19 million) and 362.6 million yuan respectively.
One of the coal miners will be put into production by the end of this year and the other by the first half of next year, according to the company statement.
With coal reserves of about 290 million tons, the coal companies will provide steady power coal to Huadian Power International's coal-fired power plants, especially for those in Shandong province, the statement noted.
The purchase shows Huadian Power International's determination to achieve coal self-sufficiency and will play a positive role in improving its future performance, the report said, citing an electricity industry researcher.
China, the second largest power consumer in the world, uses coal to generate about 80 percent of its electricity; therefore thermal coal prices are fairly sensitive to the country's power generators.
Chinese coal-fired power plants incurred losses of about 70 billion yuan in 2008 and the country's five leading power-generating companies lost about 30 billion yuan due to soaring power coal costs and the State's price cap on electricity, said Zhai Ruoyu, general manager of China Datang Corp in March this year.
Spot thermal coal prices in China reached a record high of over 1,000 yuan a ton last July. Now, it is hovering around 570 yuan per ton.
On the other hand, the unsuccessful annual coal price negotiation in late December pushed thermal power generators to seek more reliable coal supply sources.
Each year, China's coal producers and power companies sit down to negotiate the following year's contract coal prices, which have long been a bone of contention.
Negotiations for 2009 coal prices resulted in a deadlock, as domestic coal miners aimed to charge power producers 10 percent more for fuel under the 2009 annual contracts, while power producers wanted a price cut of as much as 10 percent.
In order to be less vulnerable to domestic coal prices and less dependent on domestic coal miners, Chinese power enterprises stepped into the coal-mining industry in succession and bought more coal from abroad.
China Datang Corp, also one of the country's five biggest power generators, has been given the green light to expand into the coal- mining business, authorities said in March.
The Customs statistics showed China's coal import reached 9.43 million tons in May, more than double that in the same period of last year. China's coal import and export amounted to 32.20 million and 10.53 million tons respectively in the January–May period, or a net import of some 22 million tons.
China's five biggest power generators include China Huaneng Group, China Datang Corp, China Guodian Corp, China Huadian Corp and China Power Investment Corp.
Source:china.org.cn
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Tuesday, 17 January 23
CHINA'S SHANXI TARGETS 2023 COAL PRODUCTION OF NEARLY 1.37B TONS - XINHUA
China’s coal-rich province of Shanxi has set a coal production target of nearly 1.37 billion metric tons for 2023, according to a government ...
Tuesday, 17 January 23
MARKET INSIGHT - INTERMODAL
Rumor has it that the New Year has come, to set the pace in, for Russia to continue hostilities against Ukraine. Ten months on the go, into Russia& ...
Tuesday, 17 January 23
INDONESIA IS ACCOUNTING FOR 32.3% OF THE GLOBAL SEABORNE COAL MARKET IN 2022 - BENCHERO COSTA
After a slow start in the first quarter, global coal trade has really picked up pace last year, and is now fully back to pre-Covid levels, Benchero ...
Tuesday, 10 January 23
INDONESIAN HBA IS SEEING A SPIKE IN JANUARY 2023 INSTEAD OF A SIGNIFICANT FALL IN DECEMBER 2022
COALspot.com: Indonesian Coal Price Reference up 8.43% in January 2023.
HBA is seeing a dramatic spike in January 2023 i ...
Sunday, 08 January 23
INDIAN COAL POWER PLANTS SHOULD BE COMPENSATED FOR 2022 FORCED GENERATION – REGULATOR : REUTERS
Indian power plants that rely on imported coal should be fully compensated when forced to supply electricity, the country’s power regulator s ...
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- Sakthi Sugars Limited - India
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Energy Development Corp, Philippines
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- The University of Queensland
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- Mjunction Services Limited - India
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- India Bulls Power Limited - India
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
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