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.
|
|
Tuesday, 08 June 10
RUSSIA REPORTED A TENFOLD GROWTH IN COAL EXPORTS TO CHINA IN 1Q 2010 - BRS
A retreat for all the dry bulk segments this week, but especially for the Panamax and Supramax markets. The Panamax 4TC remains over US$30,000/day h ...
Monday, 07 June 10
SOUTH AFRICA COAL STAYS NEAR 18-MONTH HIGH ON EUROPEAN DEMAND - BLOOMBERG
Bloomberg Reported that, Prices for coal shipped from South Africa’s Richards Bay, the continent’s biggest export facility for the fuel, ...
Sunday, 06 June 10
THE DOWNWARD TREND FOR S6 AND S7 ROUTE IS LIKELY TO CONTINUE NEXT WEEK - VISTAAR
COALspot.com: "This seemed market heading for corrections with all sectors down", said, Capt. Reddy, MD of Vistaar Shipping Singapore, an ...
Sunday, 06 June 10
STEAM COAL MAY BECOME NEXT BOOMING COMMODITY IN AUSTRALIA - DB
Deutsche Bank predicts that thermal coal could become Australia's next booming commodity. The German investment bank's global thermal coal team ex ...
Friday, 04 June 10
INDO/INDIA AROUND THE MID 20'S LEVEL AND MID TO HIGH 20'S INDIA/CHINA
Handy
After a quiet end to last week, the Atlantic handysize market continued&nb ...
|
|
|
Showing 5791 to 5795 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Parliament of New Zealand
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Sakthi Sugars Limited - India
- Ministry of Finance - Indonesia
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Planning Commission, India
- ASAPP Information Group - India
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Directorate Of Revenue Intelligence - India
- Meralco Power Generation, Philippines
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Carbofer General Trading SA - India
- Bukit Makmur.PT - Indonesia
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
|
| |
| |
|
