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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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Friday, 30 August 13
US COAL PRODUCTION FELL 0.48 PERCENT WEEK ON WEEK - EIA
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 20.70 million short tons (mmst) of ...
Thursday, 29 August 13
HANDY: THE PACIFIC MARKET STARTED HEALTHY THIS WEEK - FEARNRESEARCH
Handy
The Pacific market started healthy this week. We have seen many bauxite, iron ore and few coal fixtures. Ships passing Singapore were able to ...
Thursday, 29 August 13
NO RATING IMPACT ON INDONESIAN ENERGY COMPANIES FROM RUPIAH DEPRECIATION - FITCH RATINGS
Fitch Ratings says the credit profiles of rated Indonesian energy and utilities companies, including thermal coal producers, will largely remain una ...
Wednesday, 28 August 13
THE BDI HAS MOVED TO LEVELS CONSIDERABLY STRONGER THAN THE BEGINNING OF THE YEAR - INTERMODAL
By George Bassakos
SnP Broker - Intermodal
We have already reached the end of August and whilst students are preparing themselves for another sc ...
Tuesday, 27 August 13
AUSTRALIA NEWCASTLE COAL EXPORTS JUMPED 15.59 PERCENT ON WEEK
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port up 15.59 per cent week on week to 2.76 million mt for ...
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- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
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- Intertek Mineral Services - Indonesia
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- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- Australian Coal Association
- Romanian Commodities Exchange
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
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- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
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- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
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- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- London Commodity Brokers - England
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Deloitte Consulting - India
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- The University of Queensland
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
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- Sical Logistics Limited - India
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- MS Steel International - UAE
- Aditya Birla Group - India
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