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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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Wednesday, 19 August 20
COAL INDIA TRADE UNIONS DEFER DAY-LONG STRIKE: PTI
The unions had decided to go on strike against the commercial mining and the proposed divestment or buyback of shares of Coal India Ltd (CIL).
...
Wednesday, 19 August 20
MISC MARKS ITS MAIDEN FORAY INTO MAJOR DEEP-WATER PROJECT IN LATIN AMERICA WITH MERO 3 FPSO
MISC Berhad (MISC) is pleased to announce its acceptance of Letter of Intent (LOI) from Petróleo Brasileiro S.A. (Petrobras) for the provisi ...
Wednesday, 19 August 20
MARKET INSIGHT - GEORGE LAIOS | INTERMODAL
Since the Covid-19 outbreak, governments and central banks around the globe have been using their ammunition and stimulus packages to keep their ec ...
Wednesday, 19 August 20
INDIA SAW A SHARP DECLINE IN ENERGY COAL IMPORTS IN JANUARY - JUNE 2020; –27 PER CENT YOY - BHP
Energy coal prices were weak in the second half of financial year 2020, BHP says in its Economic and Commodity Outlook FY20.
Accordi ...
Wednesday, 19 August 20
COAL PRICES TO REMAIN SUBDUED THIS FISCAL AMID WEAK DEMAND, HIGH INVENTORY - THE HINDU BUSINESS LINE
Coal offtake is improving gradually as lockdown eases
Coal prices are expected to remain subdued to weak demand and high inventory l ...
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- Ministry of Transport, Egypt
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- Independent Power Producers Association of India
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Xindia Steels Limited - India
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Parliament of New Zealand
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- The State Trading Corporation of India Ltd
- Jorong Barutama Greston.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Anglo American - United Kingdom
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
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