We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 03 June 10
GOVT CONSIDERING IMPORT PARITY PRICE FOR DOMESTIC COAL
 The government on June 1 said it is considering to price domestic coal on par with global rates, a move which may increase the cost of the raw material and lead to a rise in power tariff.
Both the Coal Ministry and the Planning Commission have favoured using imported coal price as benchmark for domestic coal.
"In the recent price revision exercise, efforts have been made to price higher grades of non-coking coal of Eastern Coalfield Ltd closer to import parity price...it needs to be carried further," Coal Minister Sriprakash Jaiswal told PTI.
The domestic thermal coal, consumed by power companies to produce power, are as much as 50 per cent cheaper than the imported coal.
Globally, coal prices start from USD 45 (nearly Rs 2,000) per tonne. The government had hiked coal prices by an average 11 per cent last year to Rs 448-2,500 a tonne.
Coal is the primary source of energy and the power sector alone consumes 85 per cent of the 500 million tonne produced in the country. Other consumers include cement and steel makers.
"In Coal India Ltd (CIL), for pricing of coking coal, import parity price is taken as benchmark and adjusted for quality," Jaiswal said.
Planning Commission Deputy Chairman Montek Singh Ahluwalia termed the need for parity in prices as unavoidable in the wake of the country's increasing coal import needs.
"I would say that (import price parity) is also necessary ...If you are surplus...you can subsidise...but we are coal importers ...our assessment shows that in the XII Plan import of coal would increase substantially. So I think linking (coal prices with global prices) is unavoidable," Ahluwalia said.
He said states should ensure the price parity and also advocated shifting to this system for other sources of energy.
Increase in coal prices may lead to increase the power tariff by up to Rs 1.50 per unit, according to industry estimates.
"The essence of the Integrated Energy Policy statement was that it (the price policy) should be consistent across different sources of energy," Ahluwalia added.
"Go to any economist and say that in the world of energy scarcity...you want to get energy security...you follow any policy other than linking energy prices with world prices ...especially when you are energy importer...then they would tell you that this is not the correct thing to do," he said.
Earlier this month, Power Minister SushilKumar Shinde had said that power tariff could go up by about Re 1 per unit (kwh) owing to the government's decision to more than double gas prices to USD 4.20 per mmBtu.
"Import price parity will increase the price of power significantly. Almost 65 75 per cent of cost of generation is because of coal. Cost of fuel is pass through. If it goes up it will be passed to the consumers. If in case it is not passed on then the subsidy would rise," Ernst & Young Executive Director (Business Advisory), Arun Shrivastava said.
State-owned CIL, which meets over 80 per cent dry fuel requirement of the country, produced 431.5 million tonnes of coal in the last fiscal. Still the demand-supply gap in the country is pegged at around 100 million tonnes.
Source: NDTV / Press Trust of India
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 10 June 10
CHARTERERS ARE NOT WILLING TO PAY THE RATES AS MARKET SLIDES
DRY BULK
Handy
Atlantic markets are quieter (Posidonia?) with less activity. Nevertheless expect some fresh enquiries f ...
Thursday, 10 June 10
R-POWER, INDONESIA'S SUGICO INK PACT TO ACQUIRE COAL MINES - ECONOMIC TIMES
Economic Times of India reported that, Anil Ambani-owned Reliance Power has signed a share-sale agreement with Indonesia’s Sugico Group to acq ...
Thursday, 10 June 10
PARAMOUNT MINING CORPORATION REPORTS KEY INDONESIAN JV AGREEMENT
Indonesia focussed Paramount Mining Corporation has reported that its Indonesian subsidiary, PT Paramindo, has concluded a Joint Venture Agreem ...
Wednesday, 09 June 10
INDIA, CHINA TO PROP UP THERMAL COAL DEMAND - COMMODITY ONLINE
Commodity Online : Weakness in thermal coal demand in OECD will continue to be offset by growth in demand in India and China. Therefore, the s ...
Tuesday, 08 June 10
TATA POWER LOOKING TO PICK UP STAKE IN OVERSEAS COAL MINES - ECONOMIC TIMES
Economic Times reported that, Tata Power is looking for a strategic stake purchase in coal mines of Indonesia or South Africa to fuel its upcoming 1 ...
|
|
|
Showing 5786 to 5790 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Planning Commission, India
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- New Zealand Coal & Carbon
- Parliament of New Zealand
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
|
| |
| |
|
