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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, 13 May 10
ACTIVITY ON WEST COAST INDIA IS SLOWING - FEARNLEYS AS
DRY BULK CHARTERING
Handy
Atlantic markets remain firm but more for end May/beg June dates as there seems to be more enquiries for those dates. ...
Thursday, 13 May 10
DRY BULK SHIP OWNERS CHEERFUL AMID MARKET RALLY
China’s appetite for raw materials like iron ore and coal, as well as a series of added factors are boosting demand for dry bulk carriers, hel ...
Wednesday, 12 May 10
BANPU'S Q1 PROFIT SLIDES 43% TO B2.71BN - BANGKOK POST
The Bangkokpost reported that, Banpu Plc posted a first-quarter net profit of 2.71 billion baht, down by 43% from the same period last year.
The ...
Tuesday, 11 May 10
DALRYMPLE BAY COAL EXPORTS HIGHEST SINCE JULY; NEWCASTLE FALLS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Dalrymple Bay terminal in Queensland state rose to the highest in nine months in Apri ...
Tuesday, 11 May 10
DRY BULK RATES SHOOT UP ON STRONG CARGO DEMAND
The dry bulk industry’s benchmark, the Baltic Dry Index (BDI) has kept its momentum, as predicted by analysts and shipping experts, managing t ...
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- Siam City Cement - Thailand
- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Deloitte Consulting - India
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- Sakthi Sugars Limited - India
- VISA Power Limited - India
- Tata Chemicals Ltd - India
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- Grasim Industreis Ltd - India
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- Aditya Birla Group - India
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- IHS Mccloskey Coal Group - USA
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- Australian Coal Association
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Jindal Steel & Power Ltd - India
- India Bulls Power Limited - India
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