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

Thursday, 29 October 09
INDIA CEMENTS SET TO ACQUIRE COAL MINE IN INDONESIA
Business-Standard reported that, India Cements is set to acquire a coal mine in Indonesia for around $20 million (around Rs 100 crore). The company ...


Thursday, 29 October 09
CHINA MAY SEEK THERMAL COAL ELSEWHERE IF AUSTRALIAN EXPORT COSTS RISE, SAYS REPORT
The Australian reported that, CHINA is likely to turn to alternative markets for thermal coal if the cost and availability of Australia's exports a ...


Thursday, 29 October 09
CURRENCIES, ASIA DEMAND TO LIFT EUROPE COAL PRICE
Supportive currency movements and strong Asian demand mean the price of coal delivered into Europe is poised to rise more than 30 percent to above $ ...


Wednesday, 28 October 09
AUSTRALIAN POWER STATION COAL PRICE TOPPED USD 73 A TONNE
Reuters reported that prices of power station coal in Australia, a benchmark for Asia, crept up for the fourth week and topped USD 73 a tonne, as a ...


Wednesday, 28 October 09
MIDDLE EAST COAL EYEING INDIAN POWER PLANTS IN EXCHANGE FOR LONG TERM COAL SUPPLY
Reuters reported that UAE's Middle East Coal is in talks to buy equity stakes in India's power plants in exchange for long term coal supply. ME ...


   1258 1259 1260 1261 1262   
Showing 6296 to 6300 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 ...

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