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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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Sunday, 09 October 11
FREIGHT MARKET ENDED WITH A POSITIVE DIRECTION - VISTAAR
COALspot.com - The market ended with a positive note with all the segments up except for handy size. The biggest gainer was Panamax index up by 11 p ...
Saturday, 08 October 11
INDONESIAN MINER PLANS $167M IPO TO FUEL SUMATRA COAL BOOM - JG
The Jakarta Globe reported that, coal miner Atlas Resources aims to raise as much as Rp 1.5 trillion ($167 million) in an initial public offering to ...
Friday, 07 October 11
MINING REGULATIONS , OBSTACLES AND GROWTH : INDIA VS INDONESIA - SUNIL K KUMBHAT
COALspot.com - The Govt of India has passed long pending Mines & Minerals (Regulation and Development) Bill, 2011, which seeks to replace ...
Friday, 07 October 11
$100M FOR EXPANSION INTO KALIMANTAN MINING: AKR
The Jakarta Globe, one of the leading English news paper in Indonesia reported that, AKR Corporindo, a fuel and chemical distributor, has set aside ...
Thursday, 06 October 11
REALM SECURES 51% OF KATINGAN RIA COAL PROJECT IN CENTRAL KALIMANTAN
•Realm secures 51% of PT Katingan Ria Thermal Coal Project in Central Kalimantan
•Realm takes ownership of Kalres Limited
•Acquisit ...
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- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- Thai Mozambique Logistica
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Anglo American - United Kingdom
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- White Energy Company Limited
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Australian Coal Association
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vedanta Resources Plc - India
- Indian Energy Exchange, India
- The University of Queensland
- Lanco Infratech Ltd - India
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- Bangladesh Power Developement Board
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