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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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Wednesday, 10 August 11
KILLARA RESOURCES TO ACQUIRE SIX COAL CONCESSIONS OF TASON HOLDINGS
COALspot.com - Killara Resources Limited, an Australian listed company has formed PT Tavesco Killara Energy (TKE), a joint company with PT Tavesco I ...
Wednesday, 10 August 11
RESOURCE NATIONALISM IS MAIN BUSINESS RISK FOR MINING SECTORS, E&Y SURVEY
Resource nationalism is top of the business risk list for mining and metals companies around the world, while supply capacity constraint issues cont ...
Wednesday, 10 August 11
INDONESIAN COAL MINING ASSOCIATION OPPOSES LOW-GRADE COAL EXPORT BAN
COALspot.com - The Indonesian Coal Mining Association (ICMA) frowns on and challenges the government plan to ban the low-grade coal export inf ...
Wednesday, 10 August 11
ABM INVESTAMA TO OFFLOAD 20% IPO
Integrated coal mining PT ABM Investama, affiliated company of Tiara Marga Trakindo Group, aims to dispose 20% stake during an initial public offeri ...
Tuesday, 09 August 11
INDONESIAS COAL PRODUCTION GREW BY 19.4% LAST YEAR - BP
COALspot.com - Indonesia’s coal production grew by 19.4% last year to 305.879 million tonnes from 256.181 million tonnes in 2009, the fastest ...
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- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- MS Steel International - UAE
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Mercator Lines Limited - India
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Standard Chartered Bank - UAE
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- The University of Queensland
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
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