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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, 14 August 11
SUPRAMAX CHARTER RATES SHARPLY UP - CAPT.REDDY
COALspot.com - The BDI ended positive with gains in Cape and Panamax index. The BDI was up by 1.50 pct and the cape and panamax index was up by almo ...
Saturday, 13 August 11
GMR HAS ENTERED INTO CSPA WITH GEMS TO ACQUIRE 30% STAKE
COALspot.com - GMR Infrastructure Investments (Singapore) Pte Ltd, a subsidiary of GMR Infrastructure, has signed conditional sale and purchase agre ...
Friday, 12 August 11
COAL MINERS WILL ALLOW TO CONSTRUCT MINE MOUTH POWER PLANT
COALspot.com - The government is set to draft a regulation to enable construction of steam-fired power plants (PLTU) by coal mining companies for th ...
Friday, 12 August 11
CAPESIZE DEMAND HELPS LIFTING OF DRY BULK MARKET - HELLENIC SHIPPING NEWS
The dry bulk market has recovered a small fraction of its lost ground this week, with higher returns as a result of increased capesize demand. This ...
Thursday, 11 August 11
INDO TAMBANGRAYA 1H NET PROFIT SOARS 53.09%
Coal miner PT Indo Tambangraya Megah Tbk (ITMG) today reported a 53.09% jump in net profit for the first 6 months of this year on the back of higher ...
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- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Thiess Contractors Indonesia
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Marubeni Corporation - India
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Oldendorff Carriers - Singapore
- Ministry of Transport, Egypt
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Borneo Indobara - Indonesia
- Star Paper Mills Limited - India
- Eastern Energy - Thailand
- Agrawal Coal Company - India
- Aditya Birla Group - India
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- London Commodity Brokers - England
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Australian Coal Association
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mintek Dendrill Indonesia
- The University of Queensland
- Essar Steel Hazira Ltd - India
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
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