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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, 11 March 10
THE INDIAN MARKET WAS A BIT QUIET BUT STILL FIRM - FEARNLEYS AS
Handy - Atlantic activity has kept its firm tendency throughout the week for handies, with Atlantic RV´s fixed in the USD.16000 region. With s ...
Thursday, 11 March 10
COAL PRICES SET TO RISE AMID CONFUSION OVER QUARTERLY SYSTEM
Trading room reported that, Coal prices are tipped to rise in coming months amid constrained supply and ongoing Chinese demand, and analysts are con ...
Wednesday, 10 March 10
PROTECTED FORESTS NOW UP FOR GRABS FOR MINING
The Jakarta Post reported that, the government has just issued two new regulations on forests, which could allow protected forests to be used for co ...
Tuesday, 09 March 10
REGULATION NO.23 OF 2010 CONCERNING IMPLEMENTATION OF NEW MINING LAW, PROVIDES MORE CLARITY ON OBTAINING A IUP
COALspot.com: Indonesian government has recently issued another regulation related to Law number 4 of 2009 concerning mineral and coal mining. Two r ...
Tuesday, 09 March 10
MINING LAW OPTIMIZES SECTOR
Law No. 4 / 2009 on Mineral and Coal Mining have given a new direction for the future of mining in Indonesia, including Domestic Market Obligation, ...
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- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Minerals Council of Australia
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- VISA Power Limited - India
- ASAPP Information Group - India
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Bharathi Cement Corporation - India
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
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