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Tuesday, 15 February 11
INDONESIAN COAL FOR HARYANA THERMAL PLANTS - PUNJAB NEWS LINE
.jpg) To tide over the recurring coal shortage at thermal plants Haryana Power Generation Corporation Limited (HPGCL) has gone for Malaysian coal for its thermal plants in the state.
Punjab News Line reported that, according to official sources, HPGCL has placed an order for 1.45 million tones MT of imported coal on PEC Limited. The public sector company will supply the Indonesian coal for Khedar, Panipat and Yamunanagar thermal plants.FOB cost of imported coal is between 74.75 $ and 76.75$.The gross calorific value of imported coal will be around 6300. A senior official said that the HPGCL has saved in several crore on this particular imported coal order as other government companies had quoted much higher rate of 92$ per MT. The minimum saving per MT works out to be Rs. 750 (US$ 16.47).
Ministry of Power has given annual target of 1.45 million tons (MT) of coal imports for the current financial year. HPGCL has imported only 0.079 MT during the first five months of the year. According to Central Electricity Report coal shortage at Panipat is due to failure of HPGCL to import coal.
It may be mentioned that thermal plants in Haryana are getting coal ‘F’ grade coal with very high ash content. Due to poor coal quality the units at Khedar thermal plant were not able to achieve full load of 600 MW. To tide over the problem of high ash content HPGCL has place order on four different firms for supplying the washed coal to improve the power generation. These firms will get coal from Mahanadi coal fields and then wash the coal at washries before supplying to thermal plants.
The dwindling coal stock at thermal plants of state is a cause of worry. Today Khedar thermal plant and Panipat thermal plant have 10000 MT and 56000 MT of coal stock which is just sufficient for one and three days respectively. The coal stock comes under super critical position. Similarly Yamuna Nagar thermal has coal stock of 58000 MT just sufficient for six days. As per Central Electricity Authority parameters if coal stock is less than 7 days it comes under critical poison and if coal stock is less than 4 days it becomes super critical. The thermal plants are expected to keep a coal stock of 25 days for smooth running of units. (1 INR = 0.0219708 USD www.xe.com)
Source: Punjab News Line
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Thursday, 17 February 11
UNCERTAINTY AND VOLATILITY - FEARNBULK
Handy
Recovering market as evidenced by the solid USD 16k/day achieved by a handymax from Continent to east Med with scrap. More short period requ ...
Tuesday, 15 February 11
TONNAGE OVERSUPPLY TO CHOKE FREIGHT RATES IN THE COMING MONTHS SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In a new report assessing the dry bulk market, BIMCO’s analysis suggests that freight rates for Capesize vessels are likely to remain depresse ...
Sunday, 13 February 11
COAL MARKETS 2011 TO HIGHLIGHT INDONESIAN COAL AND NEW SOURCES OF COAL SUPPLY
“Over 300 senior decision-makers from coal mining, power and trading companies expected to congregate in Singapore”
Press Release - K ...
Sunday, 13 February 11
YEAR OF RABBIT PUSHING FREIGHT MARKET UP
COALspot.com – “The market finally moved up with firmness in all sectors with some positive signs of markets recovering”, said Cap ...
Friday, 11 February 11
DRY BULK MARKET HEATING UP ON FRESH CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is on a high this week, with owners of smaller vessels turning their attention towards the spot market, in order to take advanta ...
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