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Friday, 17 October 14
INTERNATIONAL COAL PRICES ARE AT LOWEST LEVEL; COAL STOCKS AT INDIAN POWER PLANTS ARE ALSO AT LOWEST LEVEL
 International coal prices as well as coal freights are falling and reaching to its lowest levels. According to PTI, fuel stockpiles at the thermal power stations hit a new low in 25 years at 7.2 million tonnes, as Coal India and its subsidiaries failed to meet their production targets, as per latest official data.
According to latest data (October 13) by the Central Electricity Authority, total fuel stocks at 103 coal-based stations have come down to 7.2 million tonnes. This 7.2 million tonnes comprise 6.58 million tonnes of indigenous coal and 706 tonnes of imported fuel, PTI said.
"This is the lowest in 25 years. The last time it hit a low was in 2010 when it was 7.8 million tonnes," an official in the Ministry of Power told PTI.
"Coal India's production is not in line with the demand of the power sector and its subsidiaries NCL (Northern Coalfields Ltd), (Central Coalfields Ltd) etc are not producing coal as per their respective targets," the official said when asked about the reason for low stock piles.
According to PTI report, as many as 61 thermal power stations are grappling with critical coal shortage with less than a week's stock at their disposal. The country's largest thermal power producer NTPC is battling with 0-1 day of stocks at some of its plants.
The company's generating stations with nil stocks include Indira Gandhi thermal plant in Haryana, Rihand, Singrauli and Tanda in Uttar Pradesh and Vindhayachal in Madhya Pradesh, CEA data said.
According to the official, NTPC is generating lesser than full capacity at some of these power plants.
Of the 61 plants with less than seven days of fuel stocks left, 36 stations are reeling under acute shortage with less than four days of stockpiles at their disposal.
Asked when the situation will improve, the official said that it could be in a couple of weeks because of improvement in weather. The power demand will come down as winters are approaching and this will reduce the impact of low stocks, as quoted by PTI.
He added that the real solution lay with the Coal India which will have to meet its production targets and increase its capacity.
CEA, the techno-economic clearance body under the Ministry of Power, is also engaged in setting generation targets and other milestones for the power utilities.
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Sunday, 23 November 14
ITALY'S STEAM COAL IMPORTS TO DROP BY 11% IN 2014 - ASSOCARBONI
COALspot.com: Italy’s steam coal imports expected to drop to 16 million tons in 2014 (-11% compared to 2013); coking coal imports to plunge t ...
Saturday, 22 November 14
THE FALL IN BUNKER PRICES REDUCE FUEL COSTS SIGNIFICANTLY - BIMCO, PETER SAND
For a ship that burns 24 tonnes of fuel per day while steaming, fuel costs are reduced by as much as USD 1 million a year if current price level st ...
Saturday, 22 November 14
DRY BULKERS NEWBUILDING DELIVERIES REACHED 11.8 MILLION DWT DURING THIRD QUARTER, NET FLEET GROWTH FOR 2014 TO REACH 5% - HELLENIC SHIPPING NEWS
The dry bulk market has rebounded since its less than impressive performance since the start of the year, but overall, third quarter figures could ...
Friday, 21 November 14
BUMI ENTERS INTO CONDITIONAL SALE & PURCHASE AGREEMENT TO SELL FBS STAKE
COALspot.com: PT Bumi Resources Tbk, one of the Indonesia's largest coal producers confirms that it has executed a Conditional Sale and Purchas ...
Friday, 21 November 14
U.S LAST WEEK'S COAL PRODUCTION STAYS FLAT W-O-W
COALspot.com – United States the world's one of the largest coal producers, produced approximately 18.9 million short tons (mmst) of coal ...
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- Medco Energi Mining Internasional
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- Planning Commission, India
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- Goldman Sachs - Singapore
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- White Energy Company Limited
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- OPG Power Generation Pvt Ltd - India
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- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
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- Anglo American - United Kingdom
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- Carbofer General Trading SA - India
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- Electricity Authority, New Zealand
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- Malabar Cements Ltd - India
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- Gujarat Electricity Regulatory Commission - India
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- PTC India Limited - India
- Price Waterhouse Coopers - Russia
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- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
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- Baramulti Group, Indonesia
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- Vedanta Resources Plc - India
- GMR Energy Limited - India
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- Trasteel International SA, Italy
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- Gujarat Sidhee Cement - India
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- Toyota Tsusho Corporation, Japan
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- PowerSource Philippines DevCo
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- European Bulk Services B.V. - Netherlands
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- Interocean Group of Companies - India
- MS Steel International - UAE
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
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- IEA Clean Coal Centre - UK
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- Wood Mackenzie - Singapore
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- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
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- Economic Council, Georgia
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- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Cigading International Bulk Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
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- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
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- Chamber of Mines of South Africa
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- Orica Australia Pty. Ltd.
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- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
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