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Friday, 23 July 10
KPMG INDIA FACES COAL DEFICIT OF 50% OF EXPECTED POWER PLANT DEMAND, SAYS - BLOOMBERG
.jpg) Bloomberg reported that, India may face a coal shortfall of 189 million metric tons a year by 2015, about 50 percent of the power sector’s expected demand, leading to a twofold increase in imports, KPMG said.
Electricity generators are likely to add 75 gigawatts of capacity, which will require an additional 375 million tons a year of coal, only half of which will be met by domestic production based on current trends, said Arvind Mahajan, executive director at KPMG Advisory Services Pvt. The world’s third-fastest growing major economy generates more power from thermal coal than any other fuel.
“That leaves a gap of 189 million tons, some of which will need to be covered though improvements in the domestic coal sector,” Mahajan said by telephone from Mumbai. “There will be a significant gap that will need to be covered through imports.”
Imports may rise to as much as 150 million tons per year, he said. That would be 250 percent above the amount India was estimated to have imported in the fiscal year ended March 30 by N.C. Jha, a director at Coal India Ltd., the nation’s monopoly producer.
India has traditionally looked to Indonesia for imports. Rising domestic demand there and the large volumes involved are prompting Indian companies to look further afield at mines in Mozambique, Botswana and Australia, Mahajan said.
“Indian companies have an advantage in that they’re looking for lower-quality coal,” which other importers in Japan, South Korea and Europe with older plants can’t use, he said.
Buying Overseas
Private power companies, including Tata Power Co., Reliance Power Ltd., GMR Infrastructure Ltd. and JSW Energy Ltd., have acquired coal assets overseas in Indonesia and South Africa. NTPC Ltd., the state-run utility and country’s biggest generator, plans to buy mines overseas to source 67 percent of its imports, Chairman R.S. Sharma said by telephone on July 14.
South Africa and Colombia, which last year were the biggest exporters of steam coal to countries with ports on the Atlantic Ocean, are also boosting shipments to India where they get better prices.
Steps can be taken to increase India’s domestic production by as much as 80 million tons a year with better machinery and by developing deeper and new mines, Mahajan said.
India is increasingly forced to import, “not for the want of reserves. It’s the speed at which we’re developing them,” he said. Commercializing a mine can take 15 years, three times longer than in other countries, he said.
Poor infrastructure to transport coal and an inefficient supply chain is also unnecessarily boosting imports because power stations are unable to count on reliable, on-time deliveries locally and forced to secure their own supplies from elsewhere, Mahajan said.
India’s annual coal output is 535 million tons, Alok Perti, additional secretary to the coal ministry, said on July 7. The government aims to expand current installed power capacity by 77 percent to 286,756 megawatts by the end of the financial year ending March 2017, according to the Planning Commission.
Source: Bloomberg
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Saturday, 23 October 10
HEAVY RAINS NO DAMPENER FOR 2010 COAL OUTPUT TARGET, MINISTRY SAYS - THE JAKARTA GLOBE
The Jakarta Globe reported that, National coal production would likely meet the target set by the Energy Ministry despite unusually heavy rain this ...
Thursday, 21 October 10
WORLDS FIRST, SINGAPORE EXCHANGE TO CLEAR OTC INDONESIAN COAL SWAP - MONDOVISIONE
Mondovisione reported that, Singapore Exchange (SGX) will be the first exchange in the world to clear over-the-counter (OTC) Indonesian Sub-Bitumino ...
Thursday, 21 October 10
MEC WOOS INDIAN POWER FIRMS FOR 50% STAKE SALE - BUSINESS STANDARD
Business-Standard reported that, Singapore-based MEC Coal plans to rope in an Indian power company as a 50 per cent equity partner. It is believed t ...
Thursday, 21 October 10
CAPESIZE, A FANTASTIC WEEK WITH IMPROVED RATES IN BOTH BASINS - FEARNBULK
Handy Activity remains slow this week combined with a lack of fresh enquiry in the Atlantic. Indexes are all negative except Cape but it is worth no ...
Wednesday, 20 October 10
BLENDING OF IMPORTED COAL AT THERMAL PLANT UP TO 30 % MAY BE ALLOWED - PUNJAB NEWS LINE
Punjab News Line reported that, Indian government is considering allowing increase in the blending ratio of imported coal from 10 to 30 percent at t ...
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- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- Economic Council, Georgia
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Marubeni Corporation - India
- Eastern Coal Council - USA
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- Coal and Oil Company - UAE
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- Intertek Mineral Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Posco Energy - South Korea
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Mintek Dendrill Indonesia
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- Australian Coal Association
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Kartika Selabumi Mining - Indonesia
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