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Monday, 26 July 10
BHATIA INTERNATIONAL, MIGHT GRAB THE MAJORITY OF COAL SUPPLY ORDER FROM MAHAGENCO
 COALspot.com: Maharashtra State Power Generation Co., a provider of electricity to India’s commercial hub Mumbai, has received price bids from Indian traders to supply 3.35 million metric tons of steaming coal against its recent inquiry. MAHAGENCO has floated a tender in last March to secure 3.35 million ton of coal for its NTPS, BTPS, PTPS, KPKD & CSTPS plants.
The tender was closed on 29 May 2010, and last Thursday MAHAGENCO has opened the price bids to finalize supplier. Total seven Indian coal trading companies have participated in this tender to see their chances to win and supply 3.35 million tons of coal in this fiscal year.
The total of 3.35 million tons of coal would be shared by NTPS, BTPS, PTPS, KPKD & CSTPS operates by Mahagenco. The company has increased coal imports this year compare to last fiscal year. Company’s last fiscal year imports were about 2.4 million tons.
According to our sources, MAHAGENCO used to buy coal basis on a fixed price for a whole year. However, there was rumors that, Mahagenco might change its sourcing mechanism from this tender onward.
Mahagenco may buy coal in the future at prices linked to global coal prices, instead of fixed price for a whole year. However, it was not clear this fiscal year supply would be fixed price basis or index link pricing. Some other Indian utilities are already sourcing coal, using an index link pricing mechanism.
Bhatia International, an Indian coal trading company, might grab the majority of coal supply order from MAHAGENCO this year, a source related to tender said. Adani global, another leading coal trader in India might also get a chance to supply coal to one of the MAHAGENCO’s power plants as Adani was the lowest bidder in Parli thermal power station.
The landed elevated price of coal offered by lowest bidders were ranging from US$ 101.62 - 110.75 per metric ton for GCV (adb) 6300 kcal/kg, Total Moisture (arb) 10%, Ash (adb) 14% and Sulphur ( adb) 0.7%.
As per MHAGENCO tender terms and conditions, MAHAGENCO can apply higher penalties for specific parameters of coal, if suppliers fail to supply coal as per guaranteed quality.
Any Calorific value of coal fell below 5800 kcal/kg (gad), then an addition to pro rata penalty, an additional penalty of INR 300 (US$ 6.38) per 100 kcal/kg will be penalized. Ash content of coal exceeds 14% , then penalty of INR 150 (US$ 3.20) per percentage per mt will be penalized.
Higher total moisture and total sulphur also subject to an additional penalties.
Steam coal prices at Newcastle, was at $ 100.77 a ton for GCV (gar) 6322 kcal/kg at the time of tender closing and at $ 95.05 a ton at the time of opening of the price bid, according to globalCOAL website, the world's leading online coal trading platform.
Indonesian coal price reference also dropped by about 0.58 percent in July 2010 compare to June reference price. Indonesian government has declared US$ 96.65 as coal price reference for July 2010 for GCV (gar) 6322 kcal/kg, total moisture 8%, sulphur (adb) 0.8% and ash content (adb) 15%.
State-owned Mahagenco operates plants with a total installed capacity of 9,996 megawatts of hydroelectric, thermal and hydro plants, according to the Web site.
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Saturday, 07 August 10
INDIAN COAL IMPORTS WILL PLAY AN IMPORTANT PART IN KEEPING THE FREIGHT MARKET FIRM IN FUTURE - VISTAAR
COALspot.com: The freight market was volatile with market ending firmed and the BDI crossing 2000 points up by 3 pct, however the BCI was up by 14 p ...
Friday, 06 August 10
KRISHNAPATNAM PORT WINS NON MAJOR PORT AWARD 2ND TIME IN A ROW
COAlspot.com ( Press Release) Krishnapatnam Port, the world-class port on the Indian horizon, took the top honors for the second time in a row, in t ...
Friday, 06 August 10
POLANDS KOPEX GROUP DEVELOPS COAL MINE IN INDONESIA
Polishmarket reported that, Polish mining concern Kopex Group, , is to build the first in Indonesia mechanised underground coal mine. The group is c ...
Thursday, 05 August 10
MORATORIUM MAY HURT NEW PROJECTS: MINING GROUP
The government’s proposed two-year moratorium on issuing new concessions to convert forests and peatlands to other uses may hinder new mining ...
Thursday, 05 August 10
IRON ORE EXPORT BAN COMPOUNDS PROBLEMS OF INDUSTRY - BUSINESS STANDARD
Forex loss of Rs 300 crore (US$ 65.63 million) ; truckers, ports, Railways bear the brunt
The Karnataka government’s move to ban the export ...
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- AsiaOL BioFuels Corp., Philippines
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- Attock Cement Pakistan Limited
- Planning Commission, India
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
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- South Luzon Thermal Energy Corporation
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- Power Finance Corporation Ltd., India
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- Oldendorff Carriers - Singapore
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- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
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- Thai Mozambique Logistica
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- Chamber of Mines of South Africa
- Coal and Oil Company - UAE
- Miang Besar Coal Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
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- GMR Energy Limited - India
- IHS Mccloskey Coal Group - USA
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- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- ICICI Bank Limited - India
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- Singapore Mercantile Exchange
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- Petron Corporation, Philippines
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- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
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- Parry Sugars Refinery, India
- Bhatia International Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
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- Georgia Ports Authority, United States
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- The State Trading Corporation of India Ltd
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- New Zealand Coal & Carbon
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- Tamil Nadu electricity Board
- Siam City Cement - Thailand
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- Ministry of Finance - Indonesia
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
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- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
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- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
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- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- Indonesian Coal Mining Association
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- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
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- PowerSource Philippines DevCo
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- LBH Netherlands Bv - Netherlands
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Minerals Council of Australia
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- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
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