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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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Wednesday, 30 June 10
U.S. STEAM COAL EXPORTS TO SUPPORT FREIGHT RATES
Booming North American coal exports to China, driven by the country's insatiable need for steel raw materials, will provide support to freight rate ...
Tuesday, 29 June 10
EXPORT LETTER OF CREDIT PLAN DUMPED - THE JAKARTA GLOBE
The Jakartaglobe reported that, Indonesia has canceled a proposed regulation that would have required exporters of commodities such as cocoa, coffee ...
Tuesday, 29 June 10
BUMA TO MOVE AROUND 333 MLN BCM OF OVERBURDEN IN 2010
COALspot.com: PT Delta Dunia Makmur Tbk, holding company of Indonesia's second largest coal mining contractor PT Bukit Makmur Mandiri Utama (BUMA), ...
Tuesday, 29 June 10
DRY BULK'S DOWNFALL FINALLY SHOWING SIGNS OF STABILIZATION
Although the dry bulk market has begun the week where it left off, that is on a downward note, brokers and charterers appear to be on the consensus ...
Monday, 28 June 10
REVISIONS SHOULD AIM MINERAL AND COAL LAW
VIVAnews reported that, the Consortium of Mineral, Coal and Geothermal-Producing Regional Governments (Minerbapabum) is asking the government to per ...
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- Australian Coal Association
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- Planning Commission, India
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- VISA Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
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