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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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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 to ...
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 ...
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- Vedanta Resources Plc - India
- MS Steel International - UAE
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Posco Energy - South Korea
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- The University of Queensland
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Orica Mining Services - Indonesia
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Bhatia International Limited - India
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- PTC India Limited - India
- Mercuria Energy - Indonesia
- Australian Coal Association
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
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