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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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Saturday, 08 May 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS AT AROUND PANAMAX / $ 21500 & SUPRAMAX / $ 18500 PER DAY - VISTAAR SHIPPING
COALspot.com: The BDI continued to go up and was up by 7.57 pct even though the stock markets was severely affected with worries on Greek debt crisi ...
Saturday, 08 May 10
MAHAGENCO TO IMPORT 3.35 MILLION TON OF COAL
COALspot.com: Indian utility Maharashtra State Power Generation Co. Ltd. is in market for 3.35 million tones of imported coal. The purchase of coal ...
Saturday, 08 May 10
NAPOCOR BUYS 122,000 TONS COAL - ABC CBN NEWS
ABC - CBN News reported that, State-run National Power Corp. (Napocor) said on Thursday it awarded 2 contracts for the supply of a total 122,000 ton ...
Saturday, 08 May 10
RICHARDS BAY COAL SHIPMENTS FALL TO AN 11-MONTH LOW - BLOOMBERG
Bloomberg reported that, Coal shipments from Richards Bay Coal Terminal, Africa’s biggest export facility for the fuel, fell to an 11-month lo ...
Tuesday, 04 May 10
APRIL 2010 COAL PRICE REFERENCE WAS US$ 86.58/T FOB VESSEL
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has publishing a monthly coal price reference (HBA) to be used by ...
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- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Orica Mining Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Bulk Trading Sa - Switzerland
- Marubeni Corporation - India
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- VISA Power Limited - India
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Metalloyd Limited - United Kingdom
- PTC India Limited - India
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Sojitz Corporation - Japan
- South Luzon Thermal Energy Corporation
- The University of Queensland
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Antam Resourcindo - Indonesia
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Altura Mining Limited, Indonesia
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
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