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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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Monday, 22 August 11
MACRO ECONOMICS - PETER SAND BIMCO / HELLENIC SHIPPING
The US is jeopardising the global recovery as job creation remains top challenge across the board.
Global economy: While growth in most emerging ...
Sunday, 21 August 11
SUPRAMAX AVAILABILITY WAS TIGHT DUE TO UPCOMING RAMADAN HOLIDAYS
COALspot.com - The financial markets have been in turmoil with all major stock exchanges down and uncertainty prevails. However the shipping market ...
Sunday, 21 August 11
TUAH TURANGGA ACQUIRES DUTA NURCAHYA
Coal miner PT Tuah Turangga Agung, a wholly owned subsidiary of PT United Tractors Tbk (UNTR) via PT Pamapersada Nusantara), has agreed to acquire 6 ...
Friday, 19 August 11
INDIAS CICTL HAS ACHIEVED ONE MILLION TONS OF DISCHARGE
COALspot.com - Chettinad International Coal Terminal (CICTL) in Ennore port, a state of the art mechanized coal terminal, which was inaugurated on 28t ...
Friday, 19 August 11
AUSTRALIAS' ATH TO ACQUIRE 60% OF APUAH COAL MINE IN INDONESIA
COALspot.com - Australian listed company, Atech Holdings Limited (ATH) has entered into a conditional binding term sheet to acquire 60 percent stake ...
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- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
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- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement - Thailand
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
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- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
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- Oldendorff Carriers - Singapore
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- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- Parliament of New Zealand
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- Deloitte Consulting - India
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- London Commodity Brokers - England
- Indika Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Romanian Commodities Exchange
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Videocon Industries ltd - India
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- ASAPP Information Group - India
- Wilmar Investment Holdings
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- MS Steel International - UAE
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
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- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- Indian Oil Corporation Limited
- Australian Coal Association
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Parry Sugars Refinery, India
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
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- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
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