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.
|
|
Monday, 24 August 09
10,000 MW TO BE GENERATED THROUGH THAR COAL RESERVES BY 2020
Four projects of 2450 MW approved; govt to invest Rs80bn in five years on infrastructure
The News Pakistan reported that, The Thar Coal a ...
Monday, 24 August 09
10 LAKH (1 MILLION) TONNE COAL BURNT IN KPT
Times of India reported that, In an unusual phenomenon, 10 lakh tonne coal cache stored at a plot in Kandla Port Trust was reduced to ashes after it ...
Monday, 24 August 09
LANCO IN TALKS FOR INDONESIAN COAL MINE
Economic Times of India reported that, Infrastructure company Lanco Infratech is in advanced talks with Indonesian engineering, procurement and cons ...
Saturday, 22 August 09
'THE BDI IS LIKELY TO BE HOLDING AROUND 2,500 POINTS' - SHIPPING UPDATE
COALspot.com (Singapore): The dry bulk market continued to be soft and the BDI dropped by 10 percent this week and closed at 24,68 points this week. ...
Saturday, 22 August 09
INDIAN COAL BUYERS RE-EMERGE WITH FRESH TENDERS
Reuters world's largest international multimedia news agency reported that,Indian coal end-users have re-emerged after a few weeks with several fre ...
|
|
|
Showing 6481 to 6485 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Marubeni Corporation - India
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- Krishnapatnam Port Company Ltd. - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- Trasteel International SA, Italy
- Aditya Birla Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- VISA Power Limited - India
- Indika Energy - Indonesia
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Planning Commission, India
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
|
| |
| |
|
