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Thursday, 25 August 11
OPG EXPECTS COAL PRICES TO REMAIN FIRM IN THE SHORT TERM
 COALspot.com - Revenue of OPG, the developer and operator of Group Captive power plants in India up 188% to £33.15m and Income from continuing operations (before tax, non operational / exceptional items) up by 66% to £ 13.01m from £7.83m in 2010 for the year ended 31 March 2011, according to the statement posted on the company's web site.
"OPG made significant progress in the year, with the successful commissioning of the 77 MW Chennai I facility and substantial advancement of the development pipeline that is set to deliver in excess of 742 MW by 2013, for which we are fully funded, and a total 1250 MW of capacity by 2015", said M.C.Gupta, Chairman of OPG.
OPG is a Group Captive producer of thermal power with a current operating capacity of 107 MW. A further 537 MW is under construction or development with all of this capacity scheduled to come on-stream during 2012 and 2013. Another 600 MW is in the pipeline, giving a projected total capacity of 1250 MW by 2015, a greater than tenfold increase from the current position.
"The year ended 31 March 2011 was a landmark year for OPG, with the successful commissioning of the Group's first major project of 77 MW", Chief Executive's statement posted on web site.
Indian power market remains in deficit
According to OPG, despite volatility elsewhere in the global economy, India's GDP is expected to continue to grow at around 8% in the coming years, resulting in annual power demand growth of 10%. India's total planned capacity additions as at 31 March 2011 were only 52% of the targeted 78,000 MW and there remains an expected shortfall of 30-35% versus the target by March 2012. This trend points towards continuing and increasing power production deficits which currently run at about 10%.
OPG maintains flexibility in its procurement of coal
OPG is planning to secure its fuel supplies from domestic as well as from overseas. 70% of OPG's projects under development have committed supplies of Indian coal, with the remaining 30% utilizing imported coal. This balance of supply has enabled OPG to establish close working relationships with both domestic and imported coal suppliers, thereby mitigating the threat of coal not being available from any one source, company said in its website.
With coal in relatively short supply, the Indian power sector has unsurprisingly experienced upward price pressure for this key input to the power business. Most Indian power producers, unlike OPG, are reliant on obtaining coal either from the development of coal blocks or entirely on imported coal.
OPG expects the coal prices to remain firm in the short term given the current economic growth rates in Asia, although prices should eventually stabilize in the medium term as coal supplies and demand fall more into line.
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Saturday, 03 September 11
FEW SHIPS REPORTED FIXED FROM INDONESIA TO INDIA - VISTAAR
COALspot.com - The freight market continued the upward trend during last week with BDI up by about 13 pct closing at 1,740 points and cape index up ...
Saturday, 03 September 11
TNPL TO BUY 240K MT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL), is seeking to procure 240,000 MT +/- 5 percent of non-coking imported coal with ...
Friday, 02 September 11
CAPESIZE DEMAND LIFTS DRY BULK MARKET ONCE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what proves to be the best week of the year for Capesize owners, strong demand has helped propel the dry bulk market to new highs yesterday. The ...
Thursday, 01 September 11
EWP TO BUY 195KT OF VIETNAM COAL
COALspot.com - Korea Midland Power (KOMIPO) has issued an International open bidding for 490kt of sub bituminous coal, according to a bid invitation ...
Thursday, 01 September 11
DRY BULK MARKET TAKES GREAT LEAP FORWARD - NIKOS ROUSSANOGLOU
In what turned out to be a rather hopeful ending of the month, the last day of August saw the dry bulk market’s benchmark, the BDI (Baltic Dry ...
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- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Vedanta Resources Plc - India
- Directorate General of MIneral and Coal - Indonesia
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- London Commodity Brokers - England
- Minerals Council of Australia
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- Australian Coal Association
- Sojitz Corporation - Japan
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Medco Energi Mining Internasional
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Planning Commission, India
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- White Energy Company Limited
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
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