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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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Wednesday, 28 October 09
INVESTMENT IN MINING SECTOR HAMPERED BY LATE REGULATIONS
The Jakarta Post reported that, Indonesia may have to wait for a potential massive inflow of new investment into the mining sector due to delays in ...
Tuesday, 27 October 09
CHINA'S SEPT. COAL IMPORTS RISE AS ECONOMY RECOVERS
Bloomberg reported that, China, the world’s largest coal user and producer, increased imports of the fuel in September to meet rising domest ...
Monday, 26 October 09
DARWIN EYES PRIVATE INVESTMENT
The Jakarta Post reported that, the new energy and ministerial resources minister, Darwin Zahedy Saleh, has set his sights on accelerating the reali ...
Sunday, 25 October 09
THE FUTURE FREIGHT MARKET IS EXPECTED TO HAVE POSITIVE DIRECTION - VISTAAR
COALspot.com (Singapore): According to Vistaar Shipping an experienced ship operator in Singapore, the BDI shot up this week (19-24 October) by abou ...
Saturday, 24 October 09
NTPC SEEKS ALTERNATE COAL SUPPLY FOR KAHALGAON
State-run NTPC is looking at alternate sources of coal to fire its Kahalgaon (Bihar) and Farakka (West Bengal) and power stations, which are facing ...
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- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Electricity Authority, New Zealand
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Ministry of Mines - Canada
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Marubeni Corporation - India
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Price Waterhouse Coopers - Russia
- Meenaskhi Energy Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- Deloitte Consulting - India
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
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