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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, 09 September 11
SUPRA BARA SECURES $20 MILLION LOAN - JP
The Jakarta Post reported that, Coal miner PT Supra Bara Energi says it has secured a US$20 million loan facility from BNP Paribas to buy heavy equi ...
Friday, 09 September 11
CAPESIZE CAN SECURE USD 17-18K SHORT PERIOD - FEARNBULK
Handy
The US Gulf has remained relatively steady, slightly more activity in the South Atlantic with owners aiming for low to mid USD 20k´s f ...
Thursday, 08 September 11
UKRAINES COAL PRODUCTION TO RISE 8% - IFANDP
Industrial fuels & power reported that, Ukraine will increase its coal output by about 8% this year compared to last year, said the country&rsqu ...
Thursday, 08 September 11
DRY BULK MARKETS RALLY COMES TO AN END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As was widely expected by analysts and shipbrokers alike, the latest rally of the dry bulk market came to a halt yesterday, with the Baltic Dry Inde ...
Thursday, 08 September 11
TRADA MARITIME BUYS GUNUNG BARA UTAMA
Insider Stories reported that, PT Trada Maritime Tbk (TRAM) has purchased convertible bonds issued by PT Awesome Coal from Zakia Limited. The memora ...
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- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Bharathi Cement Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
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- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Kartika Selabumi Mining - Indonesia
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- Thiess Contractors Indonesia
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- MS Steel International - UAE
- Tata Chemicals Ltd - India
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- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- Larsen & Toubro Limited - India
- Minerals Council of Australia
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- Rio Tinto Coal - Australia
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Australian Coal Association
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Mjunction Services Limited - India
- Altura Mining Limited, Indonesia
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- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Kumho Petrochemical, South Korea
- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- White Energy Company Limited
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- Riau Bara Harum - Indonesia
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- Simpson Spence & Young - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
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