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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, 23 June 10
WILHELMSEN SHIPS SERVICE OPENS NEW OFFICE IN KRISHNAPATNAM PORT INDIA
Wilhelmsen Ships Service has opened a branch office in Krishnapatnam port on the east coast of India according to statement released by company ...
Wednesday, 23 June 10
PTC'S INDONESIAN COAL-MINING FORAY-I: TO INVEST USD 69 MILLION VIA OVERSEAS SPV
Moving ahead with its plans to acquire coal assets abroad, the power trading major, PTC India Limited, has decided to invest a total of USD 69 milli ...
Tuesday, 22 June 10
INDIA HAS REPORTED MORE COAL IMPORTS FROM COLOMBIA
A second consecutive week of sharp corrections for the dry bulk market, although some of the softness could be attributed to Chinese holidays at the ...
Monday, 21 June 10
THE SUPRAMAX INDEX IN THE FAR-EAST (S6 ROUTE) WAS DOWN BY $ 1300 PER DAY - VISTAAR
COALspot.com: The market continued to soften in all sectors last week also with the BDI dropping by 18.07 pct and Cape index by 26.71 pct.
The BD ...
Sunday, 20 June 10
OUR COAL: ITS DEVELOPMENT AND CONTROVERSIAL ISSUES
Indonesia’s production of coal has been growing amazingly. In the mid 1980s, national coal production was less than 1 million tons per annum, ...
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- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- Indonesian Coal Mining Association
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Deloitte Consulting - India
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Planning Commission, India
- Eastern Coal Council - USA
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