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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, 02 January 10
INDONESIAS COAL OUTPUT RISES BY 5%
Indonesia, Asia’s largest coal exporter, produced 254 million tons of coal in 2009, a 5.8 percent increase from 2008 and well ahead of the gov ...
Saturday, 02 January 10
TAIPOWER FORECASTS COAL DEMAND TO SNAP DECLINE
Taiwan Power Co., Asia's biggest importer of thermal coal, expects its demand for the fuel to rise in 2010 after falling for two years as the islan ...
Friday, 01 January 10
COAL INDIA TO START IMPORTING DIRECTLY
According to sources, the coal major has already finalised tender document to import four million tonnes thermal grade coal for supplies to NTPC. Th ...
Thursday, 31 December 09
INDONESIA SEES 2010 MINING INVESTMENT UP 39 PCT
Reuters reported that, Indonesian mining investment is expected to hit $2.5 billion next year, up from $1.81 billion in 2009, supported by greater c ...
Thursday, 31 December 09
YANDICOOGINA BECOMES FIRST MINE IN AUSTRALIA TO PRODUCE 50 MILLION TONNES A YEAR
COALspot.com Press Release: Rio Tinto's Yandicoogina, Australia's largest-producing iron ore mine, has broken the 50 million tonne mark for annual ...
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- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- The State Trading Corporation of India Ltd
- Altura Mining Limited, Indonesia
- Port Waratah Coal Services - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Planning Commission, India
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Independent Power Producers Association of India
- MS Steel International - UAE
- Interocean Group of Companies - India
- White Energy Company Limited
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- PTC India Limited - India
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- Uttam Galva Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- The University of Queensland
- Kumho Petrochemical, South Korea
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
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