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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, 20 October 09
COAL PRICES TO SURGE IN 2010 DESPITE AMPLE SUPPLY
Commodity Online reported that, Coal prices are indeed destined to go higher as they follow the rise of ‘coal currencies’ such as Austra ...
Tuesday, 20 October 09
INDIA MAY CUT STAKE IN NTPC BY DECEMBER, POWER SECRETARY SAYS
Bloomberg reported that, India’s government may sell a 5 percent stake in NTPC Ltd., the country’s biggest power producer, as early as D ...
Monday, 19 October 09
COAL PRICE UP AGAIN - RICHARDS BAY TERMINAL
Export prices rose 45 cents, or 0.7%, to an average of 64.05 a metric ton in the week ended Oct. 16, according to McCloskey Group.
The week was & ...
Monday, 19 October 09
COAL MINISTRY SEEKS EXPLANATION FROM AP GENCO
The Hindu Business reported that, the Coal Ministry has asked the Power Generation Corporation of Andhra Pradesh (AP Genco) to explain why there was ...
Monday, 19 October 09
CEMENT UNLIKELY TO COST MORE DESPITE COAL PRICE HIKE
Business-Standard reported that, Cement manufacturers will not immediately hike prices of the construction material, despite a surge in their input ...
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- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- Medco Energi Mining Internasional
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- White Energy Company Limited
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kapuas Tunggal Persada - Indonesia
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- The University of Queensland
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- Riau Bara Harum - Indonesia
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- PTC India Limited - India
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- Latin American Coal - Colombia
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- SMC Global Power, Philippines
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Star Paper Mills Limited - India
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
- Parry Sugars Refinery, India
- Antam Resourcindo - Indonesia
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Coal Council - USA
- Siam City Cement PLC, Thailand
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