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Monday, 06 December 10
NTPC MAY OPT FOR INDONESIA OVER AFRICA, OZ FOR COAL MINES


Country's largest power producer NTPC, which is scouting for coal properties abroad to fuel its power plants back home, may zero in on Indonesia for its proximity, compared to Australia and Africa.

"If you look at the logistics of transportation, Indonesia is the nearest, than Australia... we are not averse to importing from Africa," CMD Arup Roy Choudhary told media in an interview.

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NTPC may pick up stake in two coal mines in Indonesia, East Kalimanthan and Sumatra. The company is looking at striking a deal that is financially feasible. "Ultimately it would boil down to what would be the cost. If we bring costly coal, customers like state electricity boards cannot afford it," Choudhary said.

The company is also scouting for coal properties in the Australian continent and may acquire coal blocks in Queensland and North South Wales. It has identified 2-3 such properties

The company is also scouting for coal properties in the Australian continent and may acquire coal blocks in Queensland and North South Wales. It has identified 2-3 such properties.

NTPC coal requirement is likely to touch 165 million tonnes (MT) in the next financial year (2011-12), of which it may import 12-15 MT. At present, state-owned trading firms State Trading Corp (STC) and Minerals and Metals Trading Corp (MMTC) source coal from abroad on behalf of NTPC. "In one year's time, say by December next year, we would be able to import it ourself," he added.

NTPC, currently generates over 32,000 MW of power, of which nearly 60 per cent is coal-based. It is planning to ramp up this capacity to 50,000 MW by March, 2012.
Source: Prospering Indian Power Sector



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Recent News

Friday, 31 December 10
STC TO FINALIZE 12 MILLION MT OF COAL IMPORT CONTRACT TO TWO INDIAN AND A DUBAI BASED COAL TRADER - SOURCES
COALspot.com - World's single largest coal import tender floated by STC on behalf of state utility NTPC to finalize its suppliers or already finali ...


Thursday, 30 December 10
DRY BULK MARKET STAYS SUBDUED AT THE END OF 2010 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dy bulk market failed to cheer ship owners across the board as the year draws to an end, thus bringing mixed feelings ahead of 2011. On one hand ...


Thursday, 30 December 10
KANGAROO RESOURCES BUYS INDONESIAN COAL COMPANY
Australian-listed Kangaroo Resources Ltd. said Wednesday it will buy 99% of the Pakar thermal coal project in East Kalimantan, for A$277 million thr ...


Wednesday, 29 December 10
WEATHER IMPACTS RIO TINTO COAL AUSTRALIAS QUEENSLAND OPERATIONS
Press Release - As a result of severe monsoonal rain in central and northern Queensland, force majeure has been declared on coal sales contracts fro ...


Monday, 27 December 10
ANALYSIS: CHINA'S COAL PRODUCTION MISMATCHED WITH DOMESTIC DEMAND
As reported by iStock Analyst, China's coal market has been trapped in a strange cycle. Large coal production bases are facing overcapacity, while ...


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