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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, 23 September 11
UT TO PRODUCE 7 MMT OF COAL BY 2012
PT United Tractors Tbk is targeting a 7 million tons of coal production next year, a 55.55% increase from 4.5 millions targeted this year, said Pres ...
Friday, 23 September 11
RECORD RECYCLING ACTIVITY STIRS OPTIMISM IN DRY BULK SAYS BIMCOS ANALYSIS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As expected at the start of the year, dry bulk ship owners were expected to flock scrapyards around the world, in order to take advantage of attract ...
Friday, 23 September 11
PANAMAX EXPERIENCED A SOFTENING IN RATES - FEARNLEYS AS
Handy
Still a good boost of fresh cargoes entering the market. Vessels in Black Sea with GOA clearance and Baltic positions are fetching tick abov ...
Wednesday, 21 September 11
INDIA'S COAL IMPORTS FROM INDONESIA FALL, CHINA BUYS MORE
COALspot.com - Indian coal imports from Indonesia fall to below 6 million tons in August, and this fall was continuing last few months. Ho ...
Wednesday, 21 September 11
2ND ANNUAL SHALE GAS SUMMIT
2nd Annual Shale Gas Summit 31 October – 3 November 2011 JW Marriott Hotel, Hong Kong
According to a recent EI ...
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- Makarim & Taira - Indonesia
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- Coal and Oil Company - UAE
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- Indo Tambangraya Megah - Indonesia
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
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- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Bhatia International Limited - India
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
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- Anglo American - United Kingdom
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- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- GMR Energy Limited - India
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Economic Council, Georgia
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- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
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- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
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- Directorate General of MIneral and Coal - Indonesia
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- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
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- White Energy Company Limited
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- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- OPG Power Generation Pvt Ltd - India
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
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- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
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- Australian Coal Association
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- International Coal Ventures Pvt Ltd - India
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- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
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- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
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- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
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- GAC Shipping (India) Pvt Ltd
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- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
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- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
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- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
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- Altura Mining Limited, Indonesia
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
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- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
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- Global Green Power PLC Corporation, Philippines
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