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Friday, 23 April 10
KPCL EYES MINE IN INDONESIA - BUSINESS STANDARD


Business-Standard reported that, Karnataka Power Corporation Ltd (KPCL), the state-owned power generator, is exploring the possibility of acquiring a coal mine in Indonesia. The company, which presently imports small quantities of coal from Indonesia, is in the process of reducing its dependency on the Indian coal, which is high in ash content, a top company official said today. On an average, KPCL requires 7.2 million tonnes per annum to generate close to 2,000 MW. The company is adding a further 1400 MW within the next three years.

“Last year, KPCL imported around 900,000 tonnes of coal from Indonesia and this year also the same quantity will be imported to fire our power projects at Raichur and Bellary. The Indonesian coal provides higher calorific value and less in ash content. We are presently mixing the imported coal with the domestic coal and firing our boilers,” S M Jamdar, managing director, KPCL told reporters.

He said KPCL intends to increase the quantity of imported coal over the coming years as it has a higher calorific value, which is more efficient in heating up the boiler. The Indonesian coal contains 6,000 kilo calories per kg of coal, whereas Indian coal has a maximum of 4,500 kilo calories. At present, KPCL’ power plants can take only up to 5 per cent of imported coal. To read more 
Business-Standard



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Wednesday, 31 March 10
DRY BULK MARKET STILL MODERATELY FALLING, BUT POSITIVE SIGNS APPEAR ON THE HORIZON - HELLENIC SHIPPING
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Wednesday, 31 March 10
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The Jakarta Globe reportd that, PT Indika Energy posted a 30 percent drop in 2009 net profit due to a foreign exchange loss and impairment of intang ...


Wednesday, 31 March 10
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Tuesday, 30 March 10
ANALYST SEES BDI LIFT, SUGGESTS DRY BULK SHORT SQUEEZE
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Tuesday, 30 March 10
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Bloomberg reported that, Benchmark coal prices at Qinhuangdao, China’s largest port handling the fuel, rose for the first time in 10 weeks aft ...


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