We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 08 February 10
BLACK RIDGE MINING APPOINTS INDEPENDENT CONSULTANT
Australian-listed Black Ridge Mining has announced the appointment of David Tuit as an independent consultant to assist with the assessment of the c ...
Monday, 08 February 10
SOUTH AFRICAN EXPORT COAL RISES FOR FIRST TIME IN FOUR WEEKS
Prices for coal shipped from South Africa’s Richards Bay, the continent’s biggest export facility for the fuel, posted their first gain ...
Monday, 08 February 10
NTPC HOPES TO START ON 500-MW PROJECT IN SRI LANKA BY FEB-END
NTPC sources told Business Standard, “All formalities from our government and NTPC have been completed.
The opinion of the Sri Lankan atto ...
Sunday, 07 February 10
AN AUSTRALIAN FIRM HAS SIGNED A $60BN DEAL TO SUPPLY COAL TO CHINESE POWER STATIONS
Clive Palmer, chairman of the company, Resourcehouse, said it was Australia's "biggest ever export contract".
Under the deal, the firm ...
Saturday, 06 February 10
FREIGHT WOULD CONTINUE TO BE SOFT NEXT WEEK - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week including the stock markets. The main reason seems to be Chinese ne ...
|
|
|
Showing 6016 to 6020 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- ASAPP Information Group - India
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- White Energy Company Limited
- Minerals Council of Australia
- Baramulti Group, Indonesia
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- Planning Commission, India
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
|
| |
| |
|
