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Saturday, 15 October 11
BENGAL COAL IMPORT TEST - THE TELEGRAPH
 The Telegraph reported that, the power position in Bengal improved today but alarm bells are ringing over imported coal stocks that are running out fast.
Telegraph further reported, “The stock of imported coal will exhaust by the end of this month,” said Krishna Gupta, the managing director of the West Bengal Power Development Corporation Ltd (WBPDCL), the largest electricity supplier in the state.
The corporation had last year imported 1.2 million tonnes of coal from Indonesia.
“We will come up with a fresh tender to import 1.5 million tonnes of coal by the end of this month or early November,” Gupta added.
He did not say why the corporation waited till the eleventh hour for floating the tender. Between tendering and the arrival of the consignment, a time lag of at least a month is expected.
However, a government official said the corporation appeared to have waited because the new state government did not give the green signal to raise tariffs.
The price of the Indonesian variety that the corporation imports rules at Rs 4,500 per tonne. The utility will need least Rs 675 crore for the quantity it is planning to import.
Hand-wringing over whether the cash-strapped state government, the sole owner of the power utility, will dole out the money appeared to have held back the company till now. The new government had restricted the company from filing a petition with the regulator for revising the tariff.
The 1.5 million tonnes on the import wish list do not account for more than 8 per cent of the total requirement but when the barrel is being scraped, every tonne counts.
“We have to go in for imports because the current stocks will last only a month or so. The improvement in supply from Coal India over the last couple of days is temporary. Coal India will ask for money after a week to supply more,” Gupta said. He discounted the possibility of market borrowing. “Who will give us money looking at our current balance sheet?”
Another official said: “Till August, we thought that we would be allowed to file the petition for the tariff revision. But that didn’t happen. Tendering is a simple process and it can take a month to get the coal imported. The bigger question is the money.”
The supply of coal from captive mines is also dwindling. Bengal EMTA, a joint venture, is supplying only two to three rakes a day. One rake packs around 3,500 tonnes.
The corporation requires 55,000 tonnes (or 16 rakes) of coal a day. In other words, supply from the captive mines now accounts for only 12-13 per cent of its requirement. “Our biggest captive coal blocks, Tara (East) and Tara (West), are old and hence output is coming down,” Gupta said.
As a consequence, the corporation’s dependence on Coal India has increased to 75 per cent now from 55 per cent.
The power shortfall in the districts today was 325MW, around 400MW less than yesterday. The supply went up because of the arrival of more rakes of coal and flow from the national grid.
Source: The Telegraph (By: Srikumar Bondyopadhyay)
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Monday, 14 December 20
PHILIPPINE BANK RCBC TO STOP LENDING FOR NEW COAL-FIRED POWER PROJECTS - MANILA BULLETIN
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) has forthrightly declared that it will no longer extend financing to new coal-fired power ...
Sunday, 13 December 20
LONGSTANDING DOWNSIDE RISKS TO TRADE OUTLOOK - BALTIC EXCHANGE
The OECD has attempted to put a positive spin on the trade message emanating from its latest economic outlook, released last week.
The ...
Sunday, 13 December 20
INDONESIA COAL OUTPUT AT 514 MILLION TONNES THIS YEAR, 2021 TARGET UNCHANGED - REUTERS
Indonesia coal output in the period to Dec. 10 stood at 514.2 million tonnes, official data from the energy ministry’s website showed.
&n ...
Thursday, 10 December 20
MALAYSIA'S CIMB ANNOUNCES COAL FINANCING PHASE-OUT BY 2040 AS ASIA'S FOSSIL FUEL DIVESTMENT DRIVE ACCELERATES - IEEFA
The first emerging markets bank to announce a progressive coal exit policy
Malaysia’s CIMB Group Holdings (CIMB) has announced ...
Wednesday, 09 December 20
MARKET INSIGHT - INTERMODAL
Heading towards the end of a difficult year and with the entire planet under the shadow of the covid-19 virus, it is interesting to proceed with a ...
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Showing 711 to 715 news of total 6871 |
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- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Central Electricity Authority - India
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Ambuja Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Goldman Sachs - Singapore
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Jaiprakash Power Ventures ltd
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
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