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Saturday, 31 October 09
INDIA OPENING POWER SECTOR TO PRIVATE INVESTMENT, COAL STILL THE FUEL OF CHOICE
 Energy Tribune reported that, With coal-fired power plants as the primary source, India’s electricity generation sector space has been dominated by the two state run big companies NTPC (for generation) and BHEL (for equipment manufacturing).
However, a gradual shift is taking place with private players looking to play a bigger role in the country’s electricity generation business. Today, India has about 150,000 megawatts of electric generation capacity. By 2017, the government hopes to more than double capacity to some 330,000 MW, of which some 30% could be owned by private power producers. And while India’s stance toward private investment in the electric sector has changed, it’s stance toward coal has not, and that fact will have a major effect on any attempts at reaching a global consensus on carbon dioxide emission limits.
When it comes to electricity, India lags far behind much of the rest of the world and it aims to change that fact. That message was made clear by none other than Rajendra Pachauri, an Indian academic who chairs the UN’s Intergovernmental Panel on Climate Change. In July, Pachauri asked reporters “Can you imagine 400 million people who do not have a light bulb in their homes?” And he went on to explain where India was going to be getting its future power: “You cannot, in a democracy, ignore some of these realities and as it happens with the resources of coal that India has, we really don't have any choice but to use coal.”
The Indian government is pinning much of its coal-fired hopes on “ultra-mega power plants” (UMPPs). It is planning 13 UMPPs, each of which will have 4,000 MW of capacity. Industrialized provinces such as Gujarat, Tamil Nadu, Karnataka, Andhra Pradesh and Maharashtra are expected to benefit from the construction and operation of the giant new projects. And the World Bank has helped provide some of the funding. In April, it provided a $450 million loan for a UMPP being built by Tata Power.
The government’s UMPP effort is attracting plenty of capital. Energy firms are expected to raise over $3 billion from initial share offerings over the next year or so. They include JSW Energy, Jindal Power, Indiabulls, Sterlite, GMR Energy, Adani Power, Essar Power, Usher Eco Power and Bhilwara Energy. Reports indicate proposed or new joint ventures of Indian firms with Mitsubishi, JSW and Toshiba, Bharat-Forge and Alstom SA (France), and Ansaldo Caldaie (Italy).
Gaps in the supply of power generation equipment are being plugged by BHEL and by private engineering firm L&T, which has been inundated with new orders. L&T’s chairman, A. M. Naik, recently said that his company’s order backlog has increased about 20-fold over the past two years. L&T is setting up a gas-fired power plant at Andhra Pradesh. It has also begun looking for new sources of coal in Indonesia and Australia. Furthermore, it hopes to become a major supplier to India’s nuclear power sector.
Among private power players, R-Power, headed by Anil Ambani, has shown early success. In early 2008, it raised nearly $3 billion via a direct public stock offering. It has announced projects with some 35,000 MW of capacity. Of that amount, some 3,000 MW is expected to be commissioned by 2012 and the rest by 2017. The firm is also in talks with Australian, Brazilian, American and UK mining firms for coal supplies.
Tata Power is investing nearly $4.5 billion on some 5,500 MW of capacity that is expected to be online by 2012. Most of that will come from a UMPP that is building in Gujarat state. Tata expects to be generating about 12,000 MW by 2014. Its fuel supplies are to be sourced from coal mines in Indonesia.
Essar Power is investing about $4 billion on 6,000 MW of new capacity, all of which is expected to be online by 2012. And once again, coal is the preferred fuel, with mines in Australia, Mozambique and Indonesia expected to provide the needed supplies.
As the Copenhagen climate talks approach, India’s push for UMPPs, and the coal it will need to fuel them, provide an interesting counterpoint to the belief that reducing global carbon emissions can be achieved quickly or easily.
Source:Energy Tribune
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Monday, 23 November 09
INDONESIA MINING RULE THREATENS INVESTMENT DRIVE
A new Indonesian mining rule, limiting contract work that can be outsourced and favouring local players, is shaping up as a new blow to plans ...
Sunday, 22 November 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AT US$ 25,000/26,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR ANALYSIS
COALspot.com (Singapore): Analyised by Capt. Radhakrishnan Reddy, Managing Director of Vistaar Shipping Services, Singapore.
BDI hits a new high ...
Friday, 20 November 09
INDONESIA UNITED TRACTORS PLANS $430 MLN CAPEX IN 2010
Reuters reported that, Indonesian heavy equipment distributor and mining contractor PT United Tractors Tbk plans capital expenditure of $430 million ...
Friday, 20 November 09
DRY BULK SHIP OWNERS HOPE RALLY WILL LAST
Boon times are still on the daily agenda of every dry bulk ship owner these days after one of the toughest year in the industry’s century-old ...
Friday, 20 November 09
NTPC LOOKING FOR LONG TERM CONTRACTS FOR COAL IMPORT
Business Standard of India reported that, State run power firm NTPC today said it is looking for long-term supply of coal from overseas market to me ...
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- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- The University of Queensland
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- Planning Commission, India
- Australian Commodity Traders Exchange
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Commonwealth Bank - Australia
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
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