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Wednesday, 25 November 09
NAPOCOR SCRAPS AWARD OF 715,000 TONS COAL
Top Philippine electricity producer National Power Corp. (Napocor) said on Wednesday it had cancelled plans to award 715,000 tons in coal supply contracts since the power plants it was seeking the coal for had been privatized.
The state-run power firm held 3 separate tenders for 11 lots of 65,000 tons each in July and September to buy steam coal for the Pagbilao and Sual coal power stations in the main Luzon island.
Napocor said on its website that it did not proceed with the award of 585,000 tons of coal and cancelled the evaluation of bids for another 130,000 tons because the Sual and Pagbilao power plants had been privatized.
The energy unit of Philippine food-to-power conglomerate San Miguel Corp. took over control of the 1,000-megawatt Sual plant earlier this month after submitting the highest bid at a tender in August.
Therma Luzon Inc., a subsidiary of Aboitiz Equity Ventures, secured the contract for the 700-MW Pagbilao facility.
The deal requires the 2 companies to procure coal and other fuel for the power plants.
Napocor has awarded nearly 1.4 million tons in coal supply contracts to several Indonesian suppliers this year, just a third of the 4.18 million tons that the company imported in 2008, after privatising a number of coal-fed power facilities.
The power firm earlier postponed indefinitely a tender for supply of 50,000 tons of steam coal meant for its Naga-Cebu thermal power plant in the central Philippines
Source: ABC-CBN News
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Friday, 09 October 09
INDIKA IN TALKS TO SELL 4M TONS OF COAL, EYEING BP ASSETS
The Jakarta Post reported that, Energy company PT Indika Energy is in talks with Indian buyers to sell 4 million tons of coal next year, one of its ...
Friday, 09 October 09
BULK-SHIPPING LINES MUST CANCEL 50% OF NEW ORDERS, PLATOU SAYS
Bloomberg reported that, Bulk-shipping lines need to cancel half of the new vessels they have on order to ease a capacity glut and revive freight ra ...
Friday, 09 October 09
THE BALTIC DRY INDEX WOKE UP: DRY BULK MARKET ON THE RISE
Hellenic Shipping News reported that, In what could prove the beginning of a new and sustainable rally for the dry bulk market, the BDI (Baltic Dry ...
Friday, 09 October 09
STRAITS ASIA INDONESIAN MINE COAL LOADER COLLAPSES
* New coal loading facility collapsed due to heavy rain
* Older coal loading facility seem unaffected so far
* UBS may cut valuation if disruption ...
Thursday, 08 October 09
COAL INDIA SAYS IMPORTS COULD JUMP 10 TIMES IN 3 YRS
Reuters reported that, Coal imports by state explorer Coal India Ltd could jump 10 times to 40-45 million tonnes in three years to meet a sharp rise ...
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- Electricity Authority, New Zealand
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- Independent Power Producers Association of India
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- Merrill Lynch Commodities Europe
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- Xindia Steels Limited - India
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- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
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- Renaissance Capital - South Africa
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- Kobexindo Tractors - Indoneisa
- Orica Australia Pty. Ltd.
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- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
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- Indian Energy Exchange, India
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- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
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- Thai Mozambique Logistica
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