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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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Friday, 16 July 10
CHINA EXPORTS 10.14 MILLION TONNES OF COAL IN H1 OF 2010
China exported 10.14 million tonnes of coal in the first half of this year, down 13.1% compared with the corresponding period of last year, accordin ...
Thursday, 15 July 10
SMC TO PURSUE MINDANAO COAL MINING PROJECTS
Philippine Daily Inquirer reported that, DIVERSIFYING CONGLOMERATE San Miguel Corp. is inclined to pursue its coal mining projects in Mindanao ...
Thursday, 15 July 10
ADANI ENTERPRISES WILL BUY $1 BILLION COAL MINE FROM LINC ENERGY - TOP NEWS
Top News reported that, Adani Enterprises has almost managed to obtain a coal mine from Linc Energy for $1 billion in Queensland, Australia. This mi ...
Thursday, 15 July 10
ADANI TO DEVELOP COAL EXPORT TERMINAL IN AUSTRALIA - BUSINESS STANDARD
Business-Standard reported that, The Adani Group, promoter of Mundra Port and Special Economic Zone (MPSEZ), today said it has been selected as the ...
Thursday, 15 July 10
NO IMPROVEMENT IN THE DRY BULK MARKET - INTERMODAL
Broker’s insight
With the Baltic Dry Index today (13/7/2010) standing at 1,790 points - the lowest point since early May 2009 - ...
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- Energy Link Ltd, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Minerals Council of Australia
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
- Australian Coal Association
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Renaissance Capital - South Africa
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- PTC India Limited - India
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- PowerSource Philippines DevCo
- White Energy Company Limited
- VISA Power Limited - India
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
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