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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, 01 April 10
PROFIT AT TWO INDONESIAN COAL MINERS SOARS AS RECOVERY STIRS GREATER DEMAND, HIGHER PRICES - THE JAKARTA GLOBE
The Jakarta Globe reported that, Two of the country’s biggest coal producers enjoyed a surge in profit last year as prices rose and demand pic ...
Thursday, 01 April 10
BHP BILLITON TO SELL STAKE IN MARUWAI TO ADARO - THE JAKARTA POST
The Jakarta Posted reported that, BHP Billiton has agreed to sell 25 percent of its stake in the Maruwai Coal Project in Kalimantan to Indonesia&rsq ...
Thursday, 01 April 10
AUSTRALIAN COAL PRODUCER REJECTS $3 BILLION PEABODY OFFER - STL TODAY
STL today reported that, Australian coal producer Macarthur Coal Ltd. rejected a $3 billion cash takeover bid from Peabody Energy Corp., which seeks ...
Thursday, 01 April 10
TATA POWER EYES MORE COAL FROM INDONESIA FOR ITS FUTURE PLANTS - FINANCIAL EXPRESS
Financial Expressreported that, Tata Power, one of the largest private sector power utilities in the country with interests in generation, transmiss ...
Wednesday, 31 March 10
COAL INDIA MULLS JOINT VENTURE WITH RIO TINTO AND PEABODY - DNA
DNA reported that, Coal India Ltd. (CIL) has finalised two key contenders for its international joint venture (JV) in Australian and US each. The co ...
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- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- Simpson Spence & Young - Indonesia
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- White Energy Company Limited
- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- The University of Queensland
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Singapore Mercantile Exchange
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- TeaM Sual Corporation - Philippines
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- GVK Power & Infra Limited - India
- Parliament of New Zealand
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