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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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Thursday, 03 June 10
GOVT CONSIDERING IMPORT PARITY PRICE FOR DOMESTIC COAL
The government on June 1 said it is considering to price domestic coal on par with global rates, a move which may increase the cost of the raw mater ...
Wednesday, 02 June 10
SRI LANKA TESTS 1ST COAL POWER PLANT IN SEPT.
Sri Lanka will start testing its first 300 MegaWatt coal power plant in September with plans to connect it to the national distribution grid by Janu ...
Wednesday, 02 June 10
CHINA'S IRON ORE IMPORTS TO KEEP BEING THE BIGGEST FACTOR FOR DRY BULK FREIGHT RATES SAY READERS
With dry bulk freight rates staging a positive rally during most of May, the industry’s main benchmark, the Baltic Dry Index (BDI) has managed ...
Wednesday, 02 June 10
KIDECO TO PRODUCE 29.5 MILLION TONS OF COAL IN 2010
COALspot.com: Kideco to produce 29.5 million tons of coal in 2010 up 4.8 million or about 19 percent up from 2009 production. Kideco produced 24.7 m ...
Wednesday, 02 June 10
PLN TO DEVOUR 133 PERCENT MORE COAL IN NEXT FIVE YEARS
The Jakarta globe reported that, State electricity company PT Perusahaan Listrik Negara will more than double the amount of coal it uses over the ne ...
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- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
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- Intertek Mineral Services - Indonesia
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- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
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- Commonwealth Bank - Australia
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- Attock Cement Pakistan Limited
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- White Energy Company Limited
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- Indian Oil Corporation Limited
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- Planning Commission, India
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- Romanian Commodities Exchange
- Parliament of New Zealand
- Australian Coal Association
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- Ministry of Finance - Indonesia
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- Global Business Power Corporation, Philippines
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- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
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- CIMB Investment Bank - Malaysia
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- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
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- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
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- Parry Sugars Refinery, India
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- Electricity Authority, New Zealand
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- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
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- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Thai Mozambique Logistica
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- Miang Besar Coal Terminal - Indonesia
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- Indonesian Coal Mining Association
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- Singapore Mercantile Exchange
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- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
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- London Commodity Brokers - England
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- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
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- Pipit Mutiara Jaya. PT, Indonesia
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- SMC Global Power, Philippines
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- PetroVietnam Power Coal Import and Supply Company
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- Tamil Nadu electricity Board
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- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
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- Asmin Koalindo Tuhup - Indonesia
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- Siam City Cement - Thailand
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- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
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- Energy Link Ltd, New Zealand
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- Baramulti Group, Indonesia
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- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
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