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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, 28 May 10
INDIAS NEYVELI LIGNITE EYEING INDONESIA, SOUTH AFRICA COAL MINES
Integrated mining and power producer Neyveli Lignite Corporation Thursday said it is exploring possibilities for buying coal mines in Indonesia and ...
Friday, 28 May 10
ADARO ACQUIRES 25% ICP AT US$ 335 MIO
Indonesia's second largest thermal coal miner PT Adaro Energy Tbk (ADRO) today announces formation of new joint venture for Indonesian Coal Project ...
Thursday, 27 May 10
KPCL IS LOOKING FOR 0.50 MLN TON TO IMPORTED STEAMING COAL FOR RAICHUR THERMAL POWER STATION
COALspot.com: KARNATAKA POWER CORPORATION LIMITED, India invited from reputed parties meeting the pre qualifications stipulated for the import ...
Thursday, 27 May 10
TNPL TO BUY 0.240 MLN TON NON-COKING COAL FOR SECOND HALF OF 2010
COALspot.com: Tamil Nadu Newsprint and Papers Limited (TNPL), would like to procure 0.24 mln MT of imported Non-Coking Coal in 6 Shipments of about ...
Thursday, 27 May 10
DRY BULK RATES REACH 2010 HIGHS, BUT FUTURE REMAINS UNCERTAIN
This week is proving to be a milestone for the dry bulk market, as the Baltic Dry Index has propelled itself at never before seen levels for 2010. Y ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Edison Trading Spa - Italy
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- London Commodity Brokers - England
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
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- Directorate General of MIneral and Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
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- Timah Investasi Mineral - Indoneisa
- Siam City Cement PLC, Thailand
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- ICICI Bank Limited - India
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- White Energy Company Limited
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- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
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- Orica Australia Pty. Ltd.
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- Eastern Energy - Thailand
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- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
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- Madhucon Powers Ltd - India
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- Eastern Coal Council - USA
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- New Zealand Coal & Carbon
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- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
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- Simpson Spence & Young - Indonesia
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- Altura Mining Limited, Indonesia
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- Standard Chartered Bank - UAE
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- Therma Luzon, Inc, Philippines
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
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- Global Green Power PLC Corporation, Philippines
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- Electricity Generating Authority of Thailand
- Electricity Authority, New Zealand
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- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
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- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The State Trading Corporation of India Ltd
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- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- Interocean Group of Companies - India
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- SMC Global Power, Philippines
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- GMR Energy Limited - India
- ASAPP Information Group - India
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- South Luzon Thermal Energy Corporation
- Ministry of Transport, Egypt
- Australian Coal Association
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
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