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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
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Friday, 28 May 10
INDIAS NEYVELI LIGNITE EYEING INDONESIA, SOUTH AFRICA COAL MINES
Integrated mining and power producer Neyveli Lignite Corporation Thursday said it is exploring possibilities for buying coal mines in Indonesia and ...
Friday, 28 May 10
ADARO ACQUIRES 25% ICP AT US$ 335 MIO
Indonesia's second largest thermal coal miner PT Adaro Energy Tbk (ADRO) today announces formation of new joint venture for Indonesian Coal Project ...
Thursday, 27 May 10
KPCL IS LOOKING FOR 0.50 MLN TON TO IMPORTED STEAMING COAL FOR RAICHUR THERMAL POWER STATION
COALspot.com: KARNATAKA POWER CORPORATION LIMITED, India invited from reputed parties meeting the pre qualifications stipulated for the import ...
Thursday, 27 May 10
TNPL TO BUY 0.240 MLN TON NON-COKING COAL FOR SECOND HALF OF 2010
COALspot.com: Tamil Nadu Newsprint and Papers Limited (TNPL), would like to procure 0.24 mln MT of imported Non-Coking Coal in 6 Shipments of about ...
Thursday, 27 May 10
DRY BULK RATES REACH 2010 HIGHS, BUT FUTURE REMAINS UNCERTAIN
This week is proving to be a milestone for the dry bulk market, as the Baltic Dry Index has propelled itself at never before seen levels for 2010. Y ...
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- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- Georgia Ports Authority, United States
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Aditya Birla Group - India
- Sree Jayajothi Cements Limited - India
- Toyota Tsusho Corporation, Japan
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Planning Commission, India
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Thai Mozambique Logistica
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- TeaM Sual Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- The University of Queensland
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Tata Chemicals Ltd - India
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- India Bulls Power Limited - India
- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
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