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Saturday, 15 October 11
BENGAL COAL IMPORT TEST - THE TELEGRAPH
 The Telegraph reported that, the power position in Bengal improved today but alarm bells are ringing over imported coal stocks that are running out fast.
Telegraph further reported, “The stock of imported coal will exhaust by the end of this month,” said Krishna Gupta, the managing director of the West Bengal Power Development Corporation Ltd (WBPDCL), the largest electricity supplier in the state.
The corporation had last year imported 1.2 million tonnes of coal from Indonesia.
“We will come up with a fresh tender to import 1.5 million tonnes of coal by the end of this month or early November,” Gupta added.
He did not say why the corporation waited till the eleventh hour for floating the tender. Between tendering and the arrival of the consignment, a time lag of at least a month is expected.
However, a government official said the corporation appeared to have waited because the new state government did not give the green signal to raise tariffs.
The price of the Indonesian variety that the corporation imports rules at Rs 4,500 per tonne. The utility will need least Rs 675 crore for the quantity it is planning to import.
Hand-wringing over whether the cash-strapped state government, the sole owner of the power utility, will dole out the money appeared to have held back the company till now. The new government had restricted the company from filing a petition with the regulator for revising the tariff.
The 1.5 million tonnes on the import wish list do not account for more than 8 per cent of the total requirement but when the barrel is being scraped, every tonne counts.
“We have to go in for imports because the current stocks will last only a month or so. The improvement in supply from Coal India over the last couple of days is temporary. Coal India will ask for money after a week to supply more,” Gupta said. He discounted the possibility of market borrowing. “Who will give us money looking at our current balance sheet?”
Another official said: “Till August, we thought that we would be allowed to file the petition for the tariff revision. But that didn’t happen. Tendering is a simple process and it can take a month to get the coal imported. The bigger question is the money.”
The supply of coal from captive mines is also dwindling. Bengal EMTA, a joint venture, is supplying only two to three rakes a day. One rake packs around 3,500 tonnes.
The corporation requires 55,000 tonnes (or 16 rakes) of coal a day. In other words, supply from the captive mines now accounts for only 12-13 per cent of its requirement. “Our biggest captive coal blocks, Tara (East) and Tara (West), are old and hence output is coming down,” Gupta said.
As a consequence, the corporation’s dependence on Coal India has increased to 75 per cent now from 55 per cent.
The power shortfall in the districts today was 325MW, around 400MW less than yesterday. The supply went up because of the arrival of more rakes of coal and flow from the national grid.
Source: The Telegraph (By: Srikumar Bondyopadhyay)
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Monday, 24 October 11
CAPESIZE RENTAL RATES RISE FOR THIRD DAY AS MORE SHIPS HIRED - HELLENIC SHIPPING
Rates to hire capesize vessels advanced for a third day on signs of increased demand to transport iron ore, used to make steel.Daily rates for the s ...
Sunday, 23 October 11
CHINA LOOKING TO RESELL INDONESIAN COAL CARGOES - BARCLAYS
Commodity Online reported that, Anecdotal evidence has suggested that China is even looking to resell Indonesian cargoes back into the seaborne coal ...
Saturday, 22 October 11
THE SHORT-PERIOD RATES FOR PANAMAX REMAINED FIRM - CAPT. REDDY
COALspot.com - "The market seemed to slow down a bit this week, and all sectors were down by about One to five percent", said Capt. Reddy, ...
Saturday, 22 October 11
WILL THE PROPOSED 26 PERCENT PROFIT SHARING CLAUSE IN THE MINING BILL SPEED UP THE PRODUCTION OR SCARE AWAY INVESTORS? - DIPESH DIPU
A draft law has been approved by a ministerial panel headed by Finance Minister Pranab Mukherjee of India which, if passed by the Cabinet, will make ...
Saturday, 22 October 11
INDONESIA'S GOLDEN ENERGY SLASHES ITS IPO PRICE - THE JAKARTA GLOBE
The Jakarta Globe reported that, Golden Energy Mines, a coal mining company affiliated with Sinar Mas Group, lowered its target in an initial public ...
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- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Kartika Selabumi Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
- Planning Commission, India
- Larsen & Toubro Limited - India
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
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