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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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Saturday, 30 January 10
THE ECI / CHINA (S7) ROUTE SOFTENED BY $ 5,736 AND CLOSED AT $ 27,360 PER DAY - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week probably in anticipation of Chinese New year holidays.
BDI INDEX
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Saturday, 30 January 10
INDONESIA TO CONSTRUCT 93 POWER PLANTS IN 2ND PROJECT
The government has announced its list of 93 power plants to be built under the second 10,000-megawatt (MW) power generation scheme.
"With th ...
Saturday, 30 January 10
COAL FIRMS TO KEEP NATION IN THE BLACK
Some Indonesian coal mining companies on Friday pledged to allocate a greater share of their production this year to meet domestic market obligation ...
Friday, 29 January 10
INDIA STEAM COAL IMPORTS TO DOUBLE, BOOST SOUTH AFRICA
* SAfrica seen shipping 75 pct of its coal to Asia in 2010
* Logistics woes hamper SAfrica exports, India imports
India's steam coal imports ar ...
Thursday, 28 January 10
THE IRON ORE EXPORTS FROM INDIA TO CHINA ARE DOWN AND THE RATES DROPPED
HANDY
The BSI has continued its downward trend confirming the softening of the Atlantic since the previous week and reflecting a correction of the ...
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- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Marubeni Corporation - India
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Ministry of Transport, Egypt
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Bangladesh Power Developement Board
- Bukit Asam (Persero) Tbk - Indonesia
- Tamil Nadu electricity Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- ASAPP Information Group - India
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- White Energy Company Limited
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- Rashtriya Ispat Nigam Limited - India
- Timah Investasi Mineral - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- The University of Queensland
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Madhucon Powers Ltd - India
- Posco Energy - South Korea
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- Minerals Council of Australia
- Anglo American - United Kingdom
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Global Business Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
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