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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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Saturday, 15 October 11
BUNKER PRICES AND DEMANDS PUSHED FREIGHT RATES UP - VISTAAR
COALspot.com - The market continued to be firm with all segments moving up with biggest gain in Handy size segment up by 15 pct. The BDI was u ...
Friday, 14 October 11
CAPE DERIVATIVES MARKET HAS NOT REFLECTED OWNERS EXPECTATIONS' - FEARNBULK
Handy
The Atlantic market continued its upward trend, with fresh cargo entering the market. Skaw Passero to US Gulf climbed US$ 1500 from la ...
Friday, 14 October 11
ADARO BUYS SERVO MEDA FOR RP200 BIO - INSIDER STORIES
Insider Stories reported that, PT Adaro Energy Tbk (ADRO) announced that its subsidiary PT Alam Tri Abadi (ATI), acquired 35% stake in PT Serv ...
Thursday, 13 October 11
DRY BULK MARKETS RALLY CONTINUES, BUT ANALYSTS WARN IT WILL BE SHORTLIVED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market continued its push forward yesterday, for yet another session, as the BDI (Baltic Dry Index), the industry’s benchmark edg ...
Wednesday, 12 October 11
INDONESIAS COAL RUSH - JOSEPH KIRSCHKE
COALspot.com - Last winter, the Chinese government mobilized thousands of soldiers and reservists of the People’s Liberation Army to the port ...
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- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Indika Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Vijayanagar Sugar Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- Coalindo Energy - Indonesia
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Central Electricity Authority - India
- Iligan Light & Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Interocean Group of Companies - India
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
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