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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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Tuesday, 04 May 10
DRY BULK MARKET SOFTENING AGAIN ON LACK OF DIRECTION
The dry bulk market has put on the brakes once again, after the last session of the Baltic Dry Index ended at 3,354 points, down 5 from the previous ...
Monday, 03 May 10
AUSTRALIA PLANS 40 PERCENT TAX ON MINING PROFITS - THE JAKARTA POST
The Jakarta Post reported that, Australia would heavily tax the booming profits of its mining companies under a tax system overhaul proposed Sunday ...
Saturday, 01 May 10
THE PERIOD ACTIVITY WAS QUITE FIRM DURING THE WEEK - CAPT. REDDY
COALspot.com: The BDI was up by 11.32 pct which was mainly due to the firmness in capsize index which was up by 21.55 pct .
The other sectors Pan ...
Saturday, 01 May 10
EXPANDED SA COAL TERMINAL TO START OPERATIONS ON MAY 1 - MINING WEEKLY
Mining Weekly reported that, In line with expectations, the Richards Bay Coal Terminal (RBCT) had completed the R1,2-billion Phase V expansion ...
Thursday, 29 April 10
SOUTH AFRICAN ROUNDS BACK TO INDIA SUPRAS CAN ACHIEVE AROUND MID 20S
Handy
Atlantic markets remain firm. Supramaxes open in USG are now achieving low/mid&n ...
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- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Star Paper Mills Limited - India
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- Parliament of New Zealand
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- The University of Queensland
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
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