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Wednesday, 01 September 10
STC BAGS NTPC ORDER TO SHIP 12 MT COAL


My Digital FC reported that, The State Trading Corpor­ation (STC) has bagged NTPC’s tender to ship 12 million tonnes coal from In­d­onesia. STC pipped three other companies MMTC India, Metal Scrap Trading Corporation and Coal India to bag the tender that was floated about two weeks ago.

“STC has been found qualified for the tender. The company will import coal with 63 gross calorific value from Indonesia,” an NTPC official told on condition of anonymity. STC quoted the lowest trading margin, he said, without divulging further details.

NTPC CMD RS Sharma on Monday said the company will pick up stake in two coal mines in Indonesia — East Kalima­nthan and Sumatra. The company is looking at directly importing about 60 per cent of its coal requirement of about 15 million tonnes during the next fiscal year instead of sourcing it from State Trade Corporation and MMTC.

NTPC is also looking at acquiring coal blocks in Queensland and North South Wales, Australia, and has identified two to three such properties, for which it is in talks with merchant bankers. Last year, NTPC contracted MMTC to import 12.5 million tonnes coal. The Rs 6,500 crore tender was scrapped after Delhi-based trader Knowledge Infrastructure Systems alleged anti-competitive trading practices by MMTC.

With an installed capa­city of over 32,000 mw, NTPC contributes more th­an 28 per cent of India’s po­wer generation. The import­ed coal would be used for power generation at coal-based projects across the country. The company oper­ates 27 power stations across India. Over 17,000 mw cap­a­city is und­er construction at 17 locations.

NTPC’s requir­e­ment of imported coal is 14.5 million tonnes for 2011-12, which is likely to increase to about 24.8 mil­lion tonnes by the year 2015-16. It plans to ge­nerate 50,000 mw by 2012.
Source: MyDigitalFC.com



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