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Sunday, 05 January 14
CENTRAL BUREAU OF INVESTIGATION OF INDIA REGISTERS CASES IN CONNECTION WITH ALLEGED SUPPLY OF LOW QUALITY INDONESIAN COAL BY A PRIVATE COMPANY TO NTPC & NSPCL
 COALspot.com: The Central Bureau of Investigation of India has registered two cases regarding alleged supply of low quality imported Indonesian coal by a private company to different power plants of National Thermal Power Corporation(NTPC) and NTPC-SAIL Power Corporation Ltd.(NSPCL) respectively in conspiracy with certain officials of the concerned power plants.
According to CBI’s press release, the first case has been registered against Addl. G.M, Head of NTPC Power Plant Lab, Unchahar; Dy. Manager, NTPC Power plant Lab, Unchahar, Indore based coal trading private company, Singapore based coal trading company, East Jakarta, (Indonesia) based independent coal testing company, Kolkata based coal testing private company and Chemist of Kolkata based coal testing private company and Unknown others.
CBI, further said that, It is alleged that the accused persons during the period 2011-13 entered into criminal conspiracy with an intention to cheat NTPC. In pursuance of the said criminal conspiracy, inferior quality non-cooking coal of Indonesian origin, shown to be of good quality on papers, was purchased from Indonesia by Singapore based coal trading company, overseas supplier and sister concern of Indore based group of companies. Thereafter, the said inferior quality coal was brought to India in different vessels, vide different Bill of Entries, having gross calorific value, far less than technical specifications of the agreement and thus liable to be rejected, and was supplied to NTPC power plant at Unchahar, which has resulted in a wrongful loss of approximately US$ 3,720,922 ( Rs. 231,638,574/- approximately.)
The second case has been registered against Sr. Manager, Head of NSPCL Power Plant Lab, Bhilai, a Chemist, NSPCL Power Plant Lab, Bhilai, Indore based private coal trading company, Singapore based coal trading company, Mumbai based private Laboratories, Branch Head & other Asst. Manager (Marketing) both of Mumbai based private Laboratories and Unknown others.
CBI’s press release further says, It is alleged that the accused persons during the period 2011-13 entered into criminal conspiracy with an intention to cheat NSPCL, Bhilai Power Plant. In pursuance of the said criminal conspiracy, inferior quality non-cooking coal of Indonesian origin , shown to be of good quality on papers, was purchased from Indonesia by Singapore based company, overseas supplier and sister concern of Indore based group of companies. Thereafter the said inferior quality coal was brought to India in different vessels , vide different Bill of Entries , having gross calorific value, far less than technical specifications of the agreement and thus liable to be rejected, and was supplied to NSPCL, Bhilai Power Plant, which has resulted in a wrongful loss of approximately US$ 14,925,474 ( Rs 929,155,588/- approximately.)
Searches were conducted at office & residential premises of Addl. GM & Dy. Manager, both of NTPC Unchahar Distt,. Raibareily ; Sr. Manager & Chemist, both of NSPCL, Bhilai apart from various premises of a private company based at Indore and private laboratories based at Mumbai, Kolkata, Gandhidham & Jamnagar. Incriminating documents recovered during the searches are being scrutinized.
CBI says further investigation is continuing.
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Tuesday, 21 January 14
PORT OF NEWCASTLE SHIPPED SLIGHTLY MORE COAL WEEK ON WEEK
COALspot.com: In the week ended 20 January 14, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 2. ...
Monday, 20 January 14
SUB-BIT INDONESIA COAL SWAP SEEN LOWER IN 2ND HALF OF 2014
COALspot.com – Sub-Bit Indonesia coal swap (FOB) for average Q1’ 14 delivery lost $ 0.78 pmt month on month on Friday 17 January 2014. T ...
Monday, 20 January 14
THE CFR SOUTH CHINA COAL MARKET APPEARS TO HAVE LOST DIRECTION
COALspot.com : API 8 CFR South China Coal swaps for average Q1’ 14 delivery lost 4.25 percept month on month and closed at US$ 79.48 per mt as ...
Sunday, 19 January 14
FREIGHT MARKETS SEE CONTINUED WEAK PERFORMANCE
COALspot.com: The market has continued to soften particularly in the far East/SE Asia sector.
The BDI was down 6 pct week on week, the index was ...
Friday, 17 January 14
US COAL PRODUCTION DOWN WEEK ON WEEK: EIA
COALspot.com – United States the world’s second largest coal producer, produced approximately 18.3 million short tons (mmst) of co ...
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- Port Waratah Coal Services - Australia
- White Energy Company Limited
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Australian Coal Association
- Ambuja Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- The University of Queensland
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
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- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Kaltim Prima Coal - Indonesia
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Antam Resourcindo - Indonesia
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Tata Chemicals Ltd - India
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Planning Commission, India
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Thai Mozambique Logistica
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
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