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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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Monday, 11 October 10
INDONESIAN POWER PLANTS AND OTHER INDUSTRIES TO BURN 78.97 MLN TONS OF COAL IN 2011
COALspot.com: The Minister of Energy and Mineral Resources of Indonesia has issued a ministerial degree 2360 K/30/MEM/ 2010 related to Domestic mark ...
Monday, 11 October 10
COAL IMPORTS TO START IN 2015 - VIETNAM BUSINESS
Vietnam Business reported that, Viet Nam is now likely to import coal only from 2015, not 2013 as earlier forecast since many thermal power pl ...
Monday, 11 October 10
OCTOBER INDONESIAN COAL PRICE REFERENCE UP BY 2.92 PERCENT
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Saturday, 09 October 10
MPPGCL SEEKS TO BUY 0.40 MLN MT OF COAL FOR ITS THERMAL POWER STATIONS
COALspot.com: India's Madhya Pradesh Generating Company Limited (MPPGCL), Jabalpur, Madhya Pradesh invites bidders through tender 07-03/Import/Coal ...
Saturday, 09 October 10
FREIGHT MARKET IS EXPECTED TO FIRM UP NEXT WEEK CAPT REDDY
COALspot.com: Inspite of Chinese holidays the BDI was up by 10 pct and closed at 2,696 points. The cape index shot up to 20 pct and closed at 4,076 ...
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- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
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- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
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- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
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- Australian Commodity Traders Exchange
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- Independent Power Producers Association of India
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- Aboitiz Power Corporation - Philippines
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- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
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- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- Planning Commission, India
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- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
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- Leighton Contractors Pty Ltd - Australia
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- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
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- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
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- Goldman Sachs - Singapore
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- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
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- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
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- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
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- Interocean Group of Companies - India
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- Directorate General of MIneral and Coal - Indonesia
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- Sinarmas Energy and Mining - Indonesia
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- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
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- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- LBH Netherlands Bv - Netherlands
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
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- Price Waterhouse Coopers - Russia
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- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
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