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Thursday, 04 September 14
PUNJAB STATE POWER CORPORATION LIMITED OF INDIA HAS DECIDED TO BUY IMPORTED COAL - HINDUSTAN TIMES
 COALspot.com: The Punjab State Power Corporation Limited (PSPCL) has decided to buy imported coal to run its thermal plants, as reported by Hindustan Times.
The Hindustan Times further reported, the coal supplier, Panem, had curtailed the supplies while demanding an increased price, forcing to Power Corporation to resort to load-shedding.
The move will burden the consumers by Rs. 500 crore to Rs. 700 crore (approximately US$ 82,706,150 to US$ 115,788,610) as the imported coal is costlier. The cost of fuel variation is always passed on to consumer by imposing fuel surcharge.
The memorandum put in the board of directors (BoD) admits the decision will increase the cost of generating electricity, the paper said.
Instead of resolving the matter with Panem, a case was put up before the BoD of the PSPCL to buy imported coal and it was approved.
According to Hindustan Times, the PSPCL has taken the decision despite knowing well that the former Punjab State Electricity Board had a bitter experience as it had discontinued the import of coal supplies in 2006.
According to the memorandum, the PSPCL BoD has approved buying of 1.2 million metric tonne of coal costing Rs. 9,300 (approximately US$ 153.83) per metric tonne with an overall cost of Rs. 1,100 crore (approximately US$ 181,953,530). The imported coal will have 6,300 Kcal (per kg) gross calorific value (GCV). It’s higher than the coal being used by the PSPCL at present, which has 4,000 Kcal (per kg) and costs Rs. 3,700 (approximately US$ 61.20) per metric tonne.
The coal is almost two times costlier when we compare it with the GCV, but we have to bite the bullet to check the blackmailing by the Indian coal supplier, said a BOD member, adding that ultimately it was the consumer who would suffer.
The decision will have technical ramifications as the PSPCL plants run on coal having up to 4,000 kcal/kg of coal. Thus, the PSPCL has to blend the imported coal with Indian coal to adjust its calorific value. “The PSPCL will blend the Indian coal and the imported coal in the ratio of 82 and 18 to run the plants,” a BOD member said, adding that it would increase the power generation cost by 50 to 60 paise (approximately US$ 0.01) per unit, which would be borne by the consumer, the paper further said.
Panem has curtailed supplies to the PSPCL by 50 percent this year, leading to a coal crisis.
The Hindustan Times further said, Panem holds the contract for operating the PSPCL’s captive coal mine in Jharkhand. The company has already invoked arbitration proceedings against the PSPCL, demanding higher coal rates.
However, the decision to import coal has to be cleared by the power regulator.
The PSPCL will move the Punjab State Power Regulatory Commission in the coming days, to get the nod for buying imported coal, said Hindustan Times.
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Sunday, 07 September 14
FREIGHT MARKET CONTINUED TO BE FIRM IN SPITE OF CAPE'S THIS WEEK'S WEAK PERFORMANCE
COALspot.com: BDI up by 0.7 pct week on week and closed at 1155 points this week. The Baltic Dry Index is a composite of three sub-indexes that mea ...
Sunday, 07 September 14
SHIPMANAGERS SUPERVISION CONTRACT FOR NEWBUILDS - BIMCO
Shipmanagers are frequently called upon by their owner clients to supervise newbuilding projects on their behalf. The scope of the manager’s ...
Saturday, 06 September 14
SLOW COAL EXPORT REGISTRATION RAISES CONCERNS - THE JAKARTA POST
Several coal mining companies have yet to receive the go-ahead from the Energy and Mineral Resources Ministry to obtain exporting licenses, leading ...
Saturday, 06 September 14
DRY BULK MARKET'S PROSPECTS ARE IMPROVING, DESPITE WEAK SECOND QUARTER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been rebounding during the past month, with the Baltic Dry Index (BDI) ended the week on a high note, reaching 1,155 points ...
Saturday, 06 September 14
INDONESIA WANTS TO REGULATE COAL DEALS - THE TELEGRAPH INDIA
Indonesia has raised concerns about suspected coal deals struck between overseas buyers and its unregistered domestic miners, the telegraph India r ...
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- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- Eastern Energy - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- VISA Power Limited - India
- Planning Commission, India
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement - Thailand
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- GVK Power & Infra Limited - India
- Jindal Steel & Power Ltd - India
- Ministry of Finance - Indonesia
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- McConnell Dowell - Australia
- Ind-Barath Power Infra Limited - India
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- Latin American Coal - Colombia
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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