We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 19 August 09
MMTC SCRAPS CONTROVERSIAL COAL TENDER
 Most of NTPC’s coal-based projects don’t have sufficient stock of coal
State-owned trading firm MMTC Ltd has scrapped its controversial tender for the import of 12.5 million tonnes (mt) of coal valued at Rs6,000 crore for NTPC Ltd.
One of the bidders, Knowledge Infrastructure Systems Pvt. Ltd (KISPL), alleged foul play in the way the order was executed, and demanded an investigation into the procurement process and an intervention by the Prime Minister’s Office.
Other bidders for the 12.5-mt contract were Adani Enterprises Ltd and two consortia—Agarwal Coal Corp. Pvt. Ltd and Kowa Co. Ltd of Japan; and Dubai-based Coal and Oil Group (C&O), Coastal Energy Pvt. Ltd and Seapol Pvt. Ltd.
“We have scrapped the tender. We were given the option by NTPC to form the terms of the new tender, which we have done. This has now been sent to the commerce ministry for approval. We expect the approval to come shortly, post which we will float the tender any time shortly,” said a senior MMTC executive who asked not to be identified.
While an Adani group spokesperson declined comment, a KISPL spokesperson said: “With the scrapping of the tender, the whole sector will benefit in general and NTPC will benefit particularly because there will be fair competition, which will lead to a fair price. Before we make specific comments, we would like to see what the revised terms of the tender are.” The other two consortia could not be immediately contacted.
“We have discussed the issue in our board and have asked MMTC to follow the international competitive bidding guidelines along with those laid down by the Central Vigilance Commission (CVC). It is for them (MMTC) to ensure transparency. They will give us a certificate to the effect and even we will do our due diligence,” said a top NTPC executive who did not want to be identified.
CVC is the apex body that oversees the functioning of government departments and agencies on contractual issues.
“Going forward, we will directly source the coal from overseas producers,” the NTPC executive added.
Mint had reported on 5 August that NTPC, India’s largest power generator, planned to directly import the coal it needs, instead of asking state-owned trading firms such as MMTC and State Trading Corp. of India Ltd (STC) to import the fuel for it.
The change, which would have involved an amendment in internal rules, was prompted by the controversy.
The KISPL spokesperson had said in an earlier email that the conditions of the original tender were “against Central Vigilance Commission guidelines and standard public sector tenders” and that “the tender neither provides level playing ground for all the bidders nor does it seem to promote competition”.
Dipesh Dipu, principal consultant, mining, at audit and consulting firm PricewaterhouseCoopers, said the procurement policies of government entities should be transparent and treat all bidders equitably, and also be seen to be so and do so. “The delay in importing coal in this case may be considered as sacrifice for compliance with these principles.”
NTPC used 125 million tonnes per annum (mtpa) of domestic coal and 6.41 mtpa of imported coal in 2008-09. Indian coal has a high ash content, one reason why some domestic coal-based power plants mix it with higher quality imported coal.
The size of the market for imported coal that goes into power generation in India is around 20 mt a year, and is expected to double by 2012 as more thermal power projects come up.
Coal is critical for NTPC as at least 80% of its installed capacity of 30,644MW is coal based. However, a majority of its coal-based projects don’t have sufficient stock of coal.
Source: Live Mint
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 26 August 09
JSW ENERGY NEARS COAL-SUPPLY LINKAGE DEAL IN INDONESIA
Sajjan Jindal-owned JSW Energy is close to finalising a coal-supply linkage pact in Indonesia and is also exploring options of acquiring ...
Wednesday, 26 August 09
COAL INDIA MAY HIKE COAL PRICES BY UP TO RS 175 (ABOUT US$ 3.60) A TONNE
The Economic Times reported that, state-owned Coal India may hike coal prices by up to Rs 175 (~ US$ 3.60) a tonne to close the gap between domestic ...
Tuesday, 25 August 09
KOREA TO INTRODUCE COAL-MINING ROBOTS TO REDUCE THE RISK OF HUMAN LOSSES FROM CONVENTIONAL MINING
Far East Gizmos reported that, The state-run Korea Coal Corp. (KOCOAL) signed a memorandum of understanding (MOU) on Monday with three Korean engine ...
Tuesday, 25 August 09
INDIA'S GNFC EXTENDED ONLINE BIDDING FOR PURCHASE OF 260,000 T COAL TO 23RD SEPTEMBER 2009
COALspot.com (India): Gujarat Narmada Valley Fertilizers Co. Ltd. (GNFC) invites offers (e-Tender) for supply of 130,000 MT +/- 5% on firm basis and ...
Tuesday, 25 August 09
ANTAM CONSIDERS ACQUIRING BHP
The Jakarta Post reported that, State mining company PT Aneka Tambang (Antam) is contemplating acquiring BHP Billiton's coal concessions in Central ...
|
|
|
Showing 6471 to 6475 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Coalindo Energy - Indonesia
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Madhucon Powers Ltd - India
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- The University of Queensland
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- GVK Power & Infra Limited - India
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Thai Mozambique Logistica
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Indian Energy Exchange, India
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- White Energy Company Limited
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
|
| |
| |
|
