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Monday, 28 May 18
COAL SUPPLY DIVERSION IRKS INDUSTRIES DEPENDENT ON CAPTIVE POWER PLANTS - HINDU BUSINESS LINE
 The government’s move to prioritise coal supplies to power plants with minimal coal stock has disrupted fuel supply to some sectors, which have fallen off the dynamic priority queue. The move has prompted the affected industries to write to the Prime Minister’s Office (PMO) with their concerns.
An official aware of the government’s decision told BusinessLine, “There are 13 thermal power plants with no coal stock and 23–24 plants with critical levels of stock. The higher coal consumption is partly because of lower generation from hydro power and gas-based power plants. From May 20, we have accorded supply priority to power plants with low coal stock.”
The first priority is to meet the demand from power plants that have to supply to distribution companies because the government prioritises supplies to households and grid-connected consumers. Next in the line are Independent Power Producers (IPPs) that can sell power in the spot market. Captive power plants, or power plants set up to serve particular projects such as aluminium, steel or cement plants, come later in the queue. This schedule practically bypasses all the earlier commitments made to projects under the fuel supply agreements.
The arrangement has been institutionalised after a decision jointly taken by the Ministries of Power, Coal and Railways.
The move also impacts Railways’ allocation of rakes to its customers, creating a wagon shortage. Based on the Power Ministry’s recommendation, the Railways directed its sheds to prioritise the indents of the power sector between May 19 and June 30, which is peak summer demand. “This will hit loading of about 20 rakes a day from the total of 430-440 coal rakes a day,” a Railway Ministry official said.
While only a fraction of the rakes has been hit, the normal functioning of Railway customers such as aluminium producers have also been hit.
Samir Cairae, Chief Executive Officer of Diversified Metals – India at Vedanta Ltd, said they are getting only two of the eight rakes of coal committed to them for their aluminium business. “Last fiscal, we got 65 per cent of the annual contracted capacity,” he said.
Writes to PMO
In a letter to the PMO, the Indian Captive Power Producers Association noted that the coal supplied to IPPs rose by 8.1 per cent to 454 million tonnes (mt) in 2017-18 over 2016-17. But there the volume of coal supplied to the captive power producers during the same period has flatlined at 32 mt.
More coal supplies to IPPs will mean businesses can tap the spot power market for cheaper energy. But for aluminium players, here too, the going is not easy. Cairae said, “The power demand from aluminium units in Odisha alone stands at 9,000 MW. The grid in the State will not be able to supply that.”
But Steel Authority of India, another relatively lowly prioritised coal consumer, is not as worried. “We source 80 per cent of our coal through imports. As of now, we do not see any coal shortage,” a company official said.
The “short-term” reshuffling of the queue during the peak demand period has also raised concerns among other customers, including SAIL, who fear the “re-prioritisation” may become the norm. For coal transported from the sidings of Coal India, company officials said the allocation rejig will be assessed weekly and reworked as the supply eases.
Source: The Hindu Business Line
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Thursday, 12 July 18
SUPRAMAX: INDO/CHINA COAL RV IS BEING FIXED AROUND USD 10500 BSS SINGAPORE - FEARNLEYS
Capesize
Cape market continue to be extremely volatile says Fearnleys in its latst weekly report.
The further noted that, last week ended wi ...
Tuesday, 10 July 18
SHIPPING MARKET ANALYSIS - GEORGE LAZARIDIS
The trade dispute saga continued over the past week, as new tariffs were put into force on Friday in both the U.S. and China and have already taken ...
Tuesday, 10 July 18
SUPPORTING SULPHUR 2020 CONSISTENT IMPLEMENTATION - IMO
An IMO working group is meeting (9-13 July) to develop guidelines to support the consistent implementation of the 0.50% limit for the sulphur conte ...
Monday, 09 July 18
RISING COAL PRICES LIFTING AUSTRALIA'S EXPORT REVENUES BUT INVESTORS STAYING AWAY - NEWCASTLE HERALD
Newcastle coal prices have risen more than 40 per cent in a year to be at their highest levels for seven years but the industry is becoming increas ...
Saturday, 07 July 18
SUPRAMAX: THE ASIAN MARKET STRUGGLED; A 57K-DWT WAS REPORTED FIXED BASIS DELIVERY SINGAPORE FOR A TRIP VIA INDONESIA REDELIVERY INDIA AT $12K
Capesize
A punchy week for the big ships that saw Atlantic rates soar, with the tonnage list tight prompting charterers to split cargoes, thoug ...
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Showing 1671 to 1675 news of total 6871 |
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- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- McConnell Dowell - Australia
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- VISA Power Limited - India
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- PTC India Limited - India
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- Savvy Resources Ltd - HongKong
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
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