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Thursday, 23 July 09
POWER INVESTORS TURN BACKS ON VIETNAMESE COAL IMPORTERS
 VietNamNet Bridge reported that, Investors of power plants always seek foreign coal sources to import themselves, believing they can come by it cheaper than Vietnamese coal importers.
The Vietnam Coal and Mineral Industries Group (Vinacomin) has been assigned by the Government to serve as the main importer of coal to provide to thermopower plants to be built. The group has also got a contract on coal providing under which Vietnam can import 3.5 million tonnes a year. However, Vinacomin has not gone any farther in importing coal because no power investor has shown an interest in using its imported coal.
Deputy General Director of Vinacomin Nguyen Chien Thang said that no domestic power investor has contacted Vinacomin in the last year on the import of coal to run the thermopower plants they plan to build. Therefore, the frame agreement Vinacomin signed with PT Berau Indonesia and Maintime Hong Kong which is valid for 10 years has not gone any further since no consumption outlet has been found.
Of course, Vinacomin does not want to import coal for use at power plants it is developing. Imported coal is often two-fold more expensive than domestic coal.
EVN, another big power investor, also does not intend to use coal imports in the power plants it builds. EVN wants to use domestically sourced coal because of the reasonable prices, even for the power plants in the south. Meanwhile, coal is exploited in the north only, and it is costly to carry coal to the south.
The Ministry of Industry and Trade has suggested that EVN use imported coal for running Duyen Hai 1 power plant in Tra Vinh province instead of the previously set plan on using 100 percent domestic coal. However, EVN did not agree to this, citing the reason that the change in the coal source would force EVN to amend the bidding invitation, while the bidding invitation will go out in one month. However, it is said that the actual reason behind the refusal is that EVN wants to use cheaper coal.
Nguyen Van Thanh, Deputy General Director of EVN, said that EVN has tried itself to seek coal sources to import, but it has not signed any contract.|
Of course, not only EVN, many other power investors have also been trying to look for coal sources to import to run their power plants. The Vietnam National Oil and Gas Group (PetroVietnam), which plans to build a series of thermopower plants, namely Long Phu (in Soc Trang province), Song Hau (Hau Giang) and Quang Trach (Quang Binh), has also set up a company of its own, specialising in coal import-export to provide coal for power plants.
Private investors, who have investment projects in the power sector, such as Tan Tao Group and Saigon Investment Group, each have specific plans regarding coal sources. Foreign-invested power projects are also trying to come up with coal themselves.
To date, Formosa thermopower plant in Nhon Trach Industrial Zone is the only project that uses 100 percent imported coal and has been operational with the electricity sale prices calculated in accordance with the coal price in Australia. However, this is a special case.
Thang said that importing coal to run power plants proves to be unavoidable in the future. In order to develop all the thermopower plants named in the power plant development programme, it is estimated that Vietnam will lack 9.2 million tonnes of coal by 2013 and 25 million tonnes by 2015.
Source: VietNamNet
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Tuesday, 21 July 09
FIRST QUARTER COAL MARKET AND EURACOAL'S OUTLOOK FOR THE FUTURE
Euracoal reports that for the first time in many years, the world market for hard coal fell by some 8 % during the first quarter 2009. This latest E ...
Monday, 20 July 09
CHINAS COAL DEMAND, OUTPUT TO PICK UP IN H2 - GROUP 2
Financial24 reported that, China's coal demand is expected to gradually pick up in the second half of the year, and coal output will likely grow fa ...
Monday, 20 July 09
ADANI POWER LAUNCHES IPO, AIMS HIGHER CAPACITY
Economic Times reported that, Adani Power Ltd, a power project development company, promoted by Adani Enterprise went for an initial public offering ...
Monday, 20 July 09
BANPU'S SECOND-HALF PROFIT MAY DROP ON COAL PRICES
Bloomberg Reported that, Banpu Pcl, Thailand’s biggest coal producer, expects profit to decline in the second half from the first six months a ...
Monday, 20 July 09
CHINA COAL PRODUCES 52.7 MLN TONNES OF COAL IN 1H, UP 5.4 PCT
China Mining reported that, China Coal Energy Co., the country's second largest coal producer, said Saturday that it produced 52.67 million tonnes ...
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- Power Finance Corporation Ltd., India
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- TeaM Sual Corporation - Philippines
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- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
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- Petron Corporation, Philippines
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- Electricity Authority, New Zealand
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- Kepco SPC Power Corporation, Philippines
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- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
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- European Bulk Services B.V. - Netherlands
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- Trasteel International SA, Italy
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- Jaiprakash Power Ventures ltd
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- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
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- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
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- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
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- Wood Mackenzie - Singapore
- Australian Coal Association
- Metalloyd Limited - United Kingdom
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- India Bulls Power Limited - India
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- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Australian Commodity Traders Exchange
- Coastal Gujarat Power Limited - India
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
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- Orica Mining Services - Indonesia
- Planning Commission, India
- Singapore Mercantile Exchange
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- Minerals Council of Australia
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- Bukit Asam (Persero) Tbk - Indonesia
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Parry Sugars Refinery, India
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
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