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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, 04 March 10
THE INDIAN MARKET WAS STILL STRONG - FEARNRESEARCH
HANDY
Activity has gradually improved in the Atlantic throughout the week. All areas&n ...
Thursday, 04 March 10
GLOBAL COAL PRICES GETS SUPPORT FROM EM DEMAND
Commodity Online reported that, AP12 coal prices look well supported in 2010 thanks to positive outlook for Chinese coal demand whereas coal demand ...
Thursday, 04 March 10
THREE NEW GLOBAL PRICES INDEXES FOR COKING COAL
Commodity Online reported that, On February 26, Energy Publishing Co. broke new ground in the coal-marketing industry when it began publishing three ...
Tuesday, 02 March 10
INDIA WAS AGAIN THE WINNER IN THE EAST, WITH SUPRAMAXES FIXING CLOSE TO US$40,000/DAY FROM THE WEST COAST
There was little movement in the BDI this week but behind the scenes, the Supramax and Handy size segments posted significant gains, correcting the ...
Tuesday, 02 March 10
INDONESIA'S PROTECTED FORESTS NOW OPEN TO DEVELOPMENT
The Jakarta Globe reported that, President Susilo Bambang Yudhoyono has signed a decree to allow mining, power plants and other projects deemed stra ...
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- Mintek Dendrill Indonesia
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- Intertek Mineral Services - Indonesia
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- Meenaskhi Energy Private Limited - India
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- Manunggal Multi Energi - Indonesia
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- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
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- Directorate General of MIneral and Coal - Indonesia
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- Alfred C Toepfer International GmbH - Germany
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- Global Coal Blending Company Limited - Australia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
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- Toyota Tsusho Corporation, Japan
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- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- Romanian Commodities Exchange
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- White Energy Company Limited
- The Treasury - Australian Government
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- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
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- Posco Energy - South Korea
- GVK Power & Infra Limited - India
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- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
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- Orica Australia Pty. Ltd.
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- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
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- Electricity Authority, New Zealand
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- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Merrill Lynch Commodities Europe
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
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- Trasteel International SA, Italy
- Economic Council, Georgia
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- Global Business Power Corporation, Philippines
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- International Coal Ventures Pvt Ltd - India
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- Mjunction Services Limited - India
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- Planning Commission, India
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- PowerSource Philippines DevCo
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- Australian Coal Association
- European Bulk Services B.V. - Netherlands
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- TeaM Sual Corporation - Philippines
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- Minerals Council of Australia
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- Kobexindo Tractors - Indoneisa
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- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
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- Australian Commodity Traders Exchange
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