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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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Tuesday, 29 December 09
PROFIT IN COAL INDUSTRY DOWN 9.4% Y-O-Y IN JAN.- NOV.
In November, China's coal production was 289mln tons, up 26.3% year on year, an increase of 5.2% over last month. China's average daily trucks loa ...
Tuesday, 29 December 09
DHARMA HENWA EYES 20% REVENUE GROWTH
Local integrated mining services provider PT Dharma Henwa, which was earlier this year acquired by coal mining giant PT Bumi Resources, expects reve ...
Monday, 28 December 09
NEED TO IMPORT COAL COMES EARLY
Viet Nam may need to start importing coal as early as 2012, three years earlier than expected, to meet its electricity demands.
The Viet Nam Coal ...
Monday, 28 December 09
GOVT EYES $3.57B MINING, GEOTHERMAL INVESTMENT
The country can expect up to US$3.57 billion in investment in mining and geothermal energy next year, which would represent an increase by more than ...
Monday, 28 December 09
INDONESIAN MINER LINKED TO FUGITIVE FINANCIER
The Energy Ministry is unlikely to approve the transfer of ownership of coal miner PT Riau Baraharum on allegations it is indirectly owned by fugiti ...
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- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Goldman Sachs - Singapore
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Mercator Lines Limited - India
- The University of Queensland
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- PowerSource Philippines DevCo
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Energy Development Corp, Philippines
- Singapore Mercantile Exchange
- Meralco Power Generation, Philippines
- Planning Commission, India
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Australian Coal Association
- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Renaissance Capital - South Africa
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Merrill Lynch Commodities Europe
- GMR Energy Limited - India
- Ministry of Mines - Canada
- London Commodity Brokers - England
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- PTC India Limited - India
- CNBM International Corporation - China
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Minerals Council of Australia
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- PNOC Exploration Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
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