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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, 14 October 09
SA'S COAL OUTPUT LIKELY TO RISE BY 2011, BOOSTED BY WATERBERG MINES
Mining weekly reported that, South Africa's coal production will struggle to meet demand over the next few years, but coal production could likely ...
Tuesday, 13 October 09
INDONESIA'S BAYAN SEES 2010 COAL OUTPUT UP 42 PCT
Reuters reported that, Indonesian coal miner PT Bayan Resources Tbk (BYAN.JK) said on Tuesday it expects its coal output to increase by 42 percent i ...
Tuesday, 13 October 09
STRAITS ASIA UPBEAT ON MEETING 2009 COAL OUTPUT
Reuters reported that, Singapore-listed coal miner Straits Asia is still optimistic about meeting its coal output target of 9 million tonnes this ye ...
Tuesday, 13 October 09
THERMAL COAL DEMAND IN CHINA DRIVES PRICE INCREASES
Metal Miner reported that, Thermal coal prices have been falling this year; contrary to many other commodities, both metals and energy that hit bott ...
Tuesday, 13 October 09
JSW ENERGY SCOUTING FOR PARTNERS, ACQUISITIONS
Business-Standard reported that, JSW Energy is planning to become an integrated power company by bringing in a partner for its transmission business ...
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- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- Neyveli Lignite Corporation Ltd, - India
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Australian Coal Association
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- Planning Commission, India
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- Posco Energy - South Korea
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Electricity Authority, New Zealand
- The University of Queensland
- GVK Power & Infra Limited - India
- VISA Power Limited - India
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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