COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Thursday, 29 October 09
PTC INDIA UNIT CHASES 2.5 MTPA INDONESIAN COAL


Reuters reported that, PTC Energy is in talks with an Indonesian firm to source 2.5 million tonnes per annum (MTPA) coal for its 350-400 MW power tolling arrangements, PTC India's top official said.

"The agreement is now being negotiated...once broad conditions of the agreement are finalised it will be signed," T. N. Thakur, chairman and managing director of PTC India told Reuters from New Delhi over the telephone on Thursday.

PTC Energy, a unit of power trader PTC India, may sign a contract to source 2.5 MTPA coal for a 10-year-term any time now, Thakur said.

He did not disclose the Indonesian firm's name.

In tolling, a power marketer or fuel supplier enters into a contract with the operator of a generating plant to convert the power marketer's fuel into electricity. The generator is paid a tolling fee for its services.

PTC Energy will have about 350-400 MW power via tolling arrangements, that can be sold by the firm, Thakur said.

"This electricity will then belong to PTC Energy. They can directly sell it to somebody in the market, or they can sell it to PTC and PTC will sell it in the market."

PTC Energy will pay per unit generation charges in the range of 1.25-1.35 rupees per killowatt-hour (kWh) to the operators, Thakur said.

COAL ASSETS

PTC India has been eyeing overseas coal assets for about a couple of years for now, though the power trading firm could not acquire any assets, he added.

"We are still looking at few assets, because coal market was hot. Now that things are coming back to its senses, we have again started our efforts."

About 53 percent of India's power generation capacity is fuelled by coal, which is in short supply.

India's power output for September was restricted by coal shortages, the Central Electricity Authority said recently.

PTC India's financial services arm, PTC Financial, has raised 1 billion rupees recently, he said.

"If they (PTC Financials) need (funds), they can raise more."
Source: Reuters



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 04 November 09
BAKRIE MAY WIN BERAU COAL BID FROM ARMADIAN
The Bakrie group is likely to be selected as buyer of PT Berau Coal, the country’s fifth-largest coal producer, two people familiar with the m ...


Wednesday, 04 November 09
BINANI HOPES TO BUY INDONESIAN COAL MINE IN 2-3 MONTHS
"We are still negotiating, but hope to conclude the deal in the next two to three months," Binani Cement Managing Director Vinod Juneja to ...


Tuesday, 03 November 09
CHINA TO BE NET COAL IMPORTER IN 2009
China is accelerating its importation of coal to cope with fallen output caused by the consolidation of small coalmines, and is likely to become a n ...


Monday, 02 November 09
RIO TINTO WARNS ON CHEAP MONGOLIAN COAL
The Age reported that, Mining giant Rio Tinto has warned that cheap coal from Mongolia as well as congestion at the Port of Newcastle in NSW could u ...


Monday, 02 November 09
ESSAR SEEKS COAL ASSETS IN SOUTH AFRICA
Paguntaka reported that, Essar Group plans to acquire coal assets in South Africa to help boost its power business in India. A senior executive of E ...


   1254 1255 1256 1257 1258   
Showing 6276 to 6280 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • EMO - The Netherlands
  • Adaro Indonesia
  • Malco - India
  • KEPCO - South Korea
  • CCIC - Indonesia
  • Indonesian Coal Mining Association
  • New Zealand Coal & Carbon
  • Borneo Indobara - Indonesia
  • J M Baxi & Co - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Electricity Generating Authority of Thailand
  • Electricity Authority, New Zealand
  • NALCO India
  • Asmin Koalindo Tuhup - Indonesia
  • Inspectorate - India
  • Aditya Birla Group - India
  • Vizag Seaport Private Limited - India
  • TRAFIGURA, South Korea
  • Oldendorff Carriers - Singapore
  • Vedanta Resources Plc - India
  • IEA Clean Coal Centre - UK
  • McKinsey & Co - India
  • Tata Power - India
  • SGS (Thailand) Limited
  • Vale Mozambique
  • UOB Asia (HK) Ltd
  • Kepco SPC Power Corporation, Philippines
  • Ernst & Young Pvt. Ltd.
  • TGV SRAAC LIMITED, India
  • Agrawal Coal Company - India
  • Maersk Broker
  • Riau Bara Harum - Indonesia
  • Indian Energy Exchange, India
  • Salva Resources Pvt Ltd - India
  • Power Finance Corporation Ltd., India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Altura Mining Limited, Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • Global Business Power Corporation, Philippines
  • GAC Shipping (India) Pvt Ltd
  • Thriveni
  • Argus Media - Singapore
  • Indorama - Singapore
  • Semirara Mining Corp, Philippines
  • Humpuss - Indonesia
  • Vitol - Bahrain
  • IOL Indonesia
  • South Luzon Thermal Energy Corporation
  • Shenhua Group - China
  • Coastal Gujarat Power Limited - India
  • Essar Steel Hazira Ltd - India
  • SMG Consultants - Indonesia
  • Star Paper Mills Limited - India
  • Bank of America
  • CoalTek, United States
  • Inco-Indonesia
  • BNP Paribas - Singapore
  • Cargill India Pvt Ltd
  • Central Java Power - Indonesia
  • Infraline Energy - India
  • Bhoruka Overseas - Indonesia
  • Heidelberg Cement - Germany
  • Bank of China, Malaysia
  • KPMG - USA
  • Iligan Light & Power Inc, Philippines
  • Banpu Public Company Limited - Thailand
  • UBS Singapore
  • Barasentosa Lestari - Indonesia
  • Minerals Council of Australia
  • Malabar Cements Ltd - India
  • Grasim Industreis Ltd - India
  • India Bulls Power Limited - India
  • Coal India Limited
  • Sakthi Sugars Limited - India
  • AsiaOL BioFuels Corp., Philippines
  • Mitsubishi Corporation
  • Bulk Trading Sa - Switzerland
  • Kohat Cement Company Ltd. - Pakistan
  • Rio Tinto Coal - Australia
  • WorleyParsons
  • RBS Sempra - UK
  • Core Mineral Indonesia
  • Panama Canal Authority
  • Karbindo Abesyapradhi - Indoneisa
  • PetroVietnam Power Coal Import and Supply Company
  • Africa Commodities Group - South Africa
  • White Energy Company Limited
  • Planning Commission, India
  • Samsung - South Korea
  • Dalmia Cement Bharat India
  • Cigading International Bulk Terminal - Indonesia
  • Petrochimia International Co. Ltd.- Taiwan
  • Vijayanagar Sugar Pvt Ltd - India
  • Baramulti Group, Indonesia
  • Orica Australia Pty. Ltd.
  • CESC Limited - India
  • Sindya Power Generating Company Private Ltd
  • Bahari Cakrawala Sebuku - Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • Leighton Contractors Pty Ltd - Australia
  • Gujarat Mineral Development Corp Ltd - India
  • Deutsche Bank - India
  • Xindia Steels Limited - India
  • Cosco
  • Britmindo - Indonesia
  • Romanian Commodities Exchange
  • OPG Power Generation Pvt Ltd - India
  • Holcim Trading Pte Ltd - Singapore
  • PowerSource Philippines DevCo
  • ANZ Bank - Australia
  • Kapuas Tunggal Persada - Indonesia
  • Jindal Steel & Power Ltd - India
  • Adani Power Ltd - India
  • Trasteel International SA, Italy
  • Mercator Lines Limited - India
  • Pendopo Energi Batubara - Indonesia
  • Meralco Power Generation, Philippines
  • U S Energy Resources
  • globalCOAL - UK
  • Kideco Jaya Agung - Indonesia
  • ASAPP Information Group - India
  • Aboitiz Power Corporation - Philippines
  • Eastern Energy - Thailand
  • PLN - Indonesia
  • Siam City Cement PLC, Thailand
  • Billiton Holdings Pty Ltd - Australia
  • Moodys - Singapore
  • Binh Thuan Hamico - Vietnam
  • Makarim & Taira - Indonesia
  • Metalloyd Limited - United Kingdom
  • Kumho Petrochemical, South Korea
  • Videocon Industries ltd - India
  • Ceylon Electricity Board - Sri Lanka
  • Manunggal Multi Energi - Indonesia
  • Ince & co LLP
  • Cardiff University - UK
  • Merrill Lynch Bank
  • Sojitz Corporation - Japan
  • Glencore India Pvt. Ltd
  • Indo Tambangraya Megah - Indonesia
  • Shree Cement - India
  • World Coal - UK
  • Tamil Nadu electricity Board
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Bukit Makmur.PT - Indonesia
  • Straits Asia Resources Limited - Singapore
  • Thomson Reuters GRC
  • Coal Orbis AG
  • Idemitsu - Japan
  • Parliament of New Zealand
  • Edison Trading Spa - Italy
  • Clarksons - UK
  • Orica Mining Services - Indonesia
  • Maybank - Singapore
  • Therma Luzon, Inc, Philippines
  • NTPC Limited - India
  • Eastern Coal Council - USA
  • Latin American Coal - Colombia
  • Bangladesh Power Developement Board
  • Bayan Resources Tbk. - Indonesia
  • International Coal Ventures Pvt Ltd - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Surastha Cement
  • Standard Chartered Bank - UAE
  • SRK Consulting
  • Peabody Energy - USA
  • Indogreen Group - Indonesia
  • GNFC Limited - India
  • Kalimantan Lumbung Energi - Indonesia
  • Ind-Barath Power Infra Limited - India
  • Noble Europe Ltd - UK
  • Thailand Anthracite
  • Pipit Mutiara Jaya. PT, Indonesia
  • Mintek Dendrill Indonesia
  • The Treasury - Australian Government
  • Chamber of Mines of South Africa
  • MEC Coal - Indonesia
  • SUEK AG - Indonesia
  • European Bulk Services B.V. - Netherlands
  • Mechel - Russia
  • Wood Mackenzie - Singapore
  • PLN Batubara - Indonesia
  • Petron Corporation, Philippines
  • Maheswari Brothers Coal Limited - India
  • KOWEPO - South Korea
  • Permata Bank - Indonesia
  • Merrill Lynch Commodities Europe
  • Cemex - Philippines
  • Singapore Mercantile Exchange
  • Sucofindo - Indonesia
  • PNOC Exploration Corporation - Philippines
  • DBS Bank - Singapore
  • Reliance Power - India
  • Sinarmas Energy and Mining - Indonesia
  • Kaltim Prima Coal - Indonesia
  • Thiess Contractors Indonesia
  • JPower - Japan
  • Georgia Ports Authority, United States
  • Toyota Tsusho Corporation, Japan
  • Globalindo Alam Lestari - Indonesia
  • TeaM Sual Corporation - Philippines
  • Medco Energi Mining Internasional
  • Lanco Infratech Ltd - India
  • World Bank
  • Australian Coal Association
  • Thermax Limited - India
  • Gresik Semen - Indonesia
  • BRS Brokers - Singapore
  • bp singapore
  • Interocean Group of Companies - India
  • Coaltrans Conferences
  • HSBC - Hong Kong
  • Berau Coal - Indonesia
  • Indian School of Mines
  • Indian Oil Corporation Limited
  • Kobe Steel Ltd - Japan
  • Sical Logistics Limited - India
  • Freeport Indonesia
  • CNBM International Corporation - China
  • The University of Queensland
  • Anglo American - United Kingdom
  • VISA Power Limited - India
  • EIA - United States
  • Wilmar Investment Holdings
  • Energy Development Corp, Philippines
  • Independent Power Producers Association of India
  • Global Green Power PLC Corporation, Philippines
  • Bangkok Bank PCL
  • ACC Limited - India
  • Uttam Galva Steels Limited - India
  • Bhatia International Limited - India
  • The State Trading Corporation of India Ltd
  • Mitsui
  • Coalindo Energy - Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • JPMorgan - India
  • OCBC - Singapore
  • Japan Coal Energy Center
  • Jaiprakash Power Ventures ltd
  • The India Cements Ltd
  • Maharashtra Electricity Regulatory Commission - India
  • Mitra SK Pvt Ltd - India
  • Port Waratah Coal Services - Australia
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Bharathi Cement Corporation - India
  • ING Bank NV - Singapore
  • Global Coal Blending Company Limited - Australia
  • APGENCO India
  • Cebu Energy, Philippines
  • Indonesia Power. PT
  • Petrosea - Indonesia
  • Australian Commodity Traders Exchange
  • Ambuja Cements Ltd - India
  • Kartika Selabumi Mining - Indonesia
  • Parry Sugars Refinery, India
  • Cement Manufacturers Association - India
  • Meenaskhi Energy Private Limited - India
  • Gujarat Sidhee Cement - India
  • Platts
  • Thai Mozambique Logistica
  • Economic Council, Georgia
  • Jatenergy - Australia
  • Renaissance Capital - South Africa
  • GB Group - China
  • ETA - Dubai
  • IHS Mccloskey Coal Group - USA
  • Marubeni Corporation - India
  • Runge Indonesia
  • Siam City Cement - Thailand
  • Asia Cement - Taiwan
  • Mjunction Services Limited - India
  • Attock Cement Pakistan Limited
  • Pinang Coal Indonesia
  • Carbofer General Trading SA - India
  • Xstrata Coal
  • Total Coal South Africa
  • ICICI Bank Limited - India
  • TANGEDCO India
  • LBH Netherlands Bv - Netherlands
  • Bukit Baiduri Energy - Indonesia
  • Qatrana Cement - Jordan
  • Simpson Spence & Young - Indonesia
  • Fearnleys - India
  • Tata Chemicals Ltd - India
  • Chettinad Cement Corporation Ltd - India
  • Arutmin Indonesia
  • Price Waterhouse Coopers - Russia
  • Coal and Oil Company - UAE
  • San Jose City I Power Corp, Philippines
  • Posco Energy - South Korea
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Maruti Cements - India
  • Jorong Barutama Greston.PT - Indonesia
  • Timah Investasi Mineral - Indoneisa
  • Karaikal Port Pvt Ltd - India
  • SN Aboitiz Power Inc, Philippines
  • Gupta Coal India Ltd
  • TNPL - India
  • IBC Asia (S) Pte Ltd
  • Directorate General of MIneral and Coal - Indonesia
  • CIMB Investment Bank - Malaysia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • GMR Energy Limited - India
  • SMC Global Power, Philippines
  • Neyveli Lignite Corporation Ltd, - India
  • GHCL Limited - India
  • Ministry of Mines - Canada
  • Platou - Singapore
  • PetroVietnam
  • MS Steel International - UAE
  • Russian Coal LLC
  • Kobexindo Tractors - Indoneisa
  • Alfred C Toepfer International GmbH - Germany
  • Coeclerici Indonesia
  • Geoservices-GeoAssay Lab
  • Rudhra Energy - India
  • Antam Resourcindo - Indonesia
  • Mercuria Energy - Indonesia
  • Larsen & Toubro Limited - India
  • Intertek Mineral Services - Indonesia
  • Enel Italy
  • Sree Jayajothi Cements Limited - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Tanito Harum - Indonesia
  • Sarangani Energy Corporation, Philippines
  • Central Electricity Authority - India
  • Energy Link Ltd, New Zealand
  • Goldman Sachs - Singapore
  • Bhushan Steel Limited - India
  • Arch Coal - USA
  • Rashtriya Ispat Nigam Limited - India
  • Samtan Co., Ltd - South Korea
  • Savvy Resources Ltd - HongKong
  • GVK Power & Infra Limited - India
  • KPCL - India
  • Ministry of Finance - Indonesia
  • Credit Suisse - India
  • Asian Development Bank
  • Barclays Capital - USA
  • Directorate Of Revenue Intelligence - India
  • IMC Shipping - Singapore
  • Miang Besar Coal Terminal - Indonesia
  • Commonwealth Bank - Australia
  • SASOL - South Africa
  • Lafarge - France
  • London Commodity Brokers - England
  • Madhucon Powers Ltd - India
  • Deloitte Consulting - India
  • Ministry of Transport, Egypt
  • Formosa Plastics Group - Taiwan
  • Indika Energy - Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • McConnell Dowell - Australia
  • Semirara Mining and Power Corporation, Philippines
  • PTC India Limited - India