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Wednesday, 10 November 10
NTPC TO IMPORT 12 MILLION TONS OF COAL IN 2011
 COALspot.com: India's State Trading Corp Ltd a public sector Govt of India co. is looking for 12 million tones (+/- 2%) of imported coal for NTPC. The tender submission was originally slated for 8th Nov 2010 and the same has been extended to 12.11.2010.
According to a trader who is familiar with the tender, STC/ NTPC as per the tender terms will not give all total requirements to one single supplier and wish to split between three suppliers.
The first lowest bidder will be awarded fifty percent of total quantity tendered (6 million tons) and second and third lowest bidders will be shared 30 percent and 20 percent respectively of the total tendered quantity if they match the L1 price. However, incase the second and third lowest bidders were not interested to match lowest bid, then the remaining quantity to be re tendered.
The bidders are required to be submit their bids on or before 12 November 2010 and the delivery of cargo would be in 2011.
The trader further said that in addition to the stringent pre qualification requirements the bidders have to furnish huge amount by way of EMD to the tune of Rs.141 crores (approx US$ 33Mn).
Another Indian trader said, Indonesian origin of coal to be the most competitive for Indian state power plants in the past. He further added that, many of the bidders are looking at other origins of coal in view of the recent hike of Indonesian prices and other Governmental restrictions and the threat of VAT implementation as the tender specifies the price to be inclusive of all taxes and duties. The pricing is based on Indian CERC formula. However, major quantity can be from Indonesia.
Indonesian Coal price reference for November loading has increased to $ 95.51 per MT and expecting to increase further next Month.
According to Indonesian big scale producers, Indonesian producers are offering higher price for 2011 supplies as 5900 GAD or 5200 GAR coal being offered at US$ 82 plus for 1Q 2011 delivery.
STC replaced MMTC, which previously bought imported coal on behalf of the state utility. Indian based or Indian companies who are operating from overseas are expecting to dominate this tender compared to 100 percent overseas companies.(cs)
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Tuesday, 08 December 09
HIGH GLOBAL COAL PRICES HIT POWER PROJECTS
Spot prices for the fuel have appreciated almost 10% in November.
After a sedate year, rising coal prices could hit the coffers of import-based d ...
Monday, 07 December 09
HOW INDIA CAN CUT ITS ENERGY NEEDS BY 20%!
Using energy more efficiently can reduce our energy needs by one fifth; it is a strategy we must pursue even as we promote renewables, says Kirit Pa ...
Monday, 07 December 09
ASIA COAL POWER IN INDONESIA DISCUSSES NEW MINING LAW, COAL AND POWER SECTORS AS INVESTMENTS POUR INTO COALMINES TO SECURE SUPPLIES
COALspot.com (Singaproe): Press Release - Asia Coal Power pinpoints growing power demand in Asia & Power sector investments in Indonesia's coal ...
Monday, 07 December 09
DRY BULK RATES' VOLATILITY TO STAY, BUT RECOVERY IS UNDERWAY SAYS ION VAROUXAKIS HEAD OF FREESEAS
In an interview with Hellenic Shipping News, Mr. Ion G. Varouxakis, Chairman of the Board, President and CEO of Nasdaq-listed Freeseas, explains why ...
Monday, 07 December 09
VEDANTA RESOURCES ISSUES TENDER TO IMPORT 2.25 MILLION COAL
COALspot.com (India): Vedanta Resources plc is a London stock exchange listed FTSE 100 diversified metals and mining major with revenues in excess o ...
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- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
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- Coal and Oil Company - UAE
- Commonwealth Bank - Australia
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- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Central Java Power - Indonesia
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- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
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- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
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- Kobexindo Tractors - Indoneisa
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
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- Wilmar Investment Holdings
- Ministry of Mines - Canada
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
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- ASAPP Information Group - India
- White Energy Company Limited
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- Economic Council, Georgia
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- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- VISA Power Limited - India
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- Vedanta Resources Plc - India
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- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
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