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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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Thursday, 10 September 20
U.S. COAL PRODUCTION IN 2020 TO BE 511 MMST, 28 PER CENT LOWER THAN IN 2019 - EIA
EIA expects total U.S. coal production in 2020 to be 511 million short tons (MMst), 194 MMst (28%) lower than in 2019. Mitigation efforts related t ...
Thursday, 10 September 20
DRY BULK SHIPPING: CHINA'S DEMAND KEEPING THE DRY BULK MARKET GOING - PETER SAND | BIMCO
Overview
An impressive recovery in Chinese dry bulk imports has protected the industry from the effects of falling demand in the rest of the wo ...
Thursday, 10 September 20
TANKER SHIPPING: FREIGHT RATES BACK AT LOSS-MAKING LEVELS AFTER 12 VERY PROFITABLE MONTHS - BIMCO
Overview
A stunningly strong 12 months for the tanker shipping industry is now being replaced by lower freight rates, as lower oil product ...
Thursday, 10 September 20
INDIA'S COAL IMPORTS STUMBLE IN AUGUST, RAISING RISK OF SLOW RECOVERY - REFINITIV | BANCHERO COSTA
After posting a mild recovery in July, India's coal imports have stumbled in August as the South Asian nation battles to restart it ...
Thursday, 10 September 20
THE FIRST 8 MONTHS OF 2020, INDONESIA EXPORTED 217.4 MLN TONNES OF COAL BASED ON REFINITIV - BANCHERO COSTA
The coal market has been hit by a weaker global economy as a result of COVID-19 pandemic and falling industrial electricity demand ...
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- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- SMC Global Power, Philippines
- Economic Council, Georgia
- Ministry of Transport, Egypt
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- Bangladesh Power Developement Board
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Larsen & Toubro Limited - India
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- Minerals Council of Australia
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Parliament of New Zealand
- The Treasury - Australian Government
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
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