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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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Tuesday, 23 August 11
PENRHYN COAL USING EVERGREEN ENERGYS COAL UPGRADING PROCESS
Evergreen Energy Inc has announced the successful testing results of the initial batches of Penrhyn coal using Evergreen Energy’s coal upgradi ...
Tuesday, 23 August 11
A SHARP INCREASE IN THE BDI - BRS
A sharp increase in the BDI this week, driven by the rise in Capesize rates. Overall the BDI was up 13.5% to 1,462 points on the back of a 20% surge ...
Monday, 22 August 11
INDONESIA TO BAN BELOW 5700 KCAL/KG COAL FOR EXPORT
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia is in the process of drafting a regulation which is requiring mine owners ...
Monday, 22 August 11
JATENERGY AGREED TO FORM JV WITH AN INDONESIAN COAL MINING COMPANY
COALspot.com - Australian’s listed company, Jatenergy Limited has entered conditional agreement to form joint venture with Indonesia’s c ...
Monday, 22 August 11
NTPC TO IMPORT 16 MILLION TON OF COAL TO BRIDGE THE GAP
COALspot.com - NTPC to import 16 million tons of imported coal, which is equivalent to 23-24 million tons of Indian coal to bridge the gap.
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- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- Global Coal Blending Company Limited - Australia
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- The University of Queensland
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- Madhucon Powers Ltd - India
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- Coastal Gujarat Power Limited - India
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Aditya Birla Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Indika Energy - Indonesia
- MS Steel International - UAE
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Bhatia International Limited - India
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Directorate Of Revenue Intelligence - India
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- Port Waratah Coal Services - Australia
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Wood Mackenzie - Singapore
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Indian Energy Exchange, India
- Australian Coal Association
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- Ceylon Electricity Board - Sri Lanka
- Uttam Galva Steels Limited - India
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