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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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Friday, 30 September 11
INDIAN IRON ORE MARKET GETTING ACTIVE - FEARNLEYS AS
Handy
The Atlantic market continued its strong trend with fresh cargoes entering the market. Vessels open US Gulf fixed tick above US$ 27k back to t ...
Friday, 30 September 11
KRISHNAPATNAM PORT WINS GLOBAL PORT & COAL PORT OF THE YEAR AWARDS
COALspot.com - Krishnapatnam Port, a dynamic new generation world class port located in the East Coast of India has been adjudged the winner in the ...
Thursday, 29 September 11
INDONESIA'S MINERS FACE AN UNCERTAIN FUTURE - RUPERT WALKER
An evolving regulatory framework for the country's minerals industry could threaten its profitability and stifle investment.
The five-year surge ...
Thursday, 29 September 11
DRY BULK MARKET FALLS MID-WEEK, FURTHER DROP EXPECTED NEXT WEEK ON CHINA HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market, as reflected by the Baltic Dry Index (BDI) retreated by 0.36% yesterday reaching 1,920 points, with the Capesize segment suffer ...
Wednesday, 28 September 11
ATLAS RESOURCES TO SELL 25% STAKE IN IPO - INSIDER STORIES
Insider Stories reported that, coal producer PT Atlas Resources Tbk, that is controlled by Indonesian businessman Andre Abdi, plans to sell 783.33 m ...
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- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- CNBM International Corporation - China
- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- GVK Power & Infra Limited - India
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Toyota Tsusho Corporation, Japan
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- Kalimantan Lumbung Energi - Indonesia
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- SN Aboitiz Power Inc, Philippines
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- PTC India Limited - India
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- Posco Energy - South Korea
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- White Energy Company Limited
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Cement Manufacturers Association - India
- London Commodity Brokers - England
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- Tamil Nadu electricity Board
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
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