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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, 09 August 11
DRY BULK MARKET UNABLE TO FIND UPWARD MOMENTUM, SLUMPS AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
They same that what goes up must come down and nobody seems to have found a better application of this expression, than the beleguered dry bulk mark ...
Monday, 08 August 11
OIL PRICES ARE SOFTENING, WILL IT INFLUENCE COAL PRICES?
COALspot.com - The current global economic condition is in volatility after a little chance of optimism for economic recovery.
Oil price at ...
Monday, 08 August 11
A SUPRAMAX VESSEL WAS REPORTED FIXED AT $ 12K - VISTAAR
COALspot.com - The BDI was slightly up by about 4 points closed at 1268 points which was supported by cape index which was up 3.14 pct and closed at ...
Saturday, 06 August 11
NTPC IS CONSIDERING TO ENTER INTO 25 YEARS COAL PURCHASE AGREEMENT
Indian, State-run power producer NTPC's present annual consumption is 164 million tonnes, and company is considering long-term agreements abroad to ...
Friday, 05 August 11
RIO TINTO SIGNS MOU WITH JINDAL STEEL AND POWER ON ADVANCING HISMELT TECHNOLOGY
Press Release - Rio Tinto has signed a Memorandum of Understanding (MoU) with Jindal Steel and Power Limited (JSPL) to take the next step in g ...
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- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- The Treasury - Australian Government
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Wood Mackenzie - Singapore
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- The University of Queensland
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Timah Investasi Mineral - Indoneisa
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- PTC India Limited - India
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Straits Asia Resources Limited - Singapore
- OPG Power Generation Pvt Ltd - India
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- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- Globalindo Alam Lestari - Indonesia
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
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