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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, 17 October 09
US COAL MINERS LOOKING AT LOWER PROFITS
Most US coal miners are looking at sharply lower third-quarter earnings, but those that produce coal for steelmaking and export should enjoy higher ...
Friday, 16 October 09
INDONESIA EXPORTED 19,194,857 MT OF COAL IN SEPTEMBER 2009 - SOURCES
COALspot.com (Indonesia): Indonesia exported 19,194,857 MT of coal in September 2009. Out of total exported quantity, South Korea imported abou ...
Friday, 16 October 09
NAVIGATING THROUGH STORMY WATERS
To Theodore E Veniamis, the President of the Union of Greek Shipowners, the current turmoil in world shipping is due to the cyclical nature of marit ...
Friday, 16 October 09
COAL INDIA RAISES PRICE BY 11%
Trak reported that, State-owned Coal India Ltd (CIL) has raised the price of coal produced by its subsidiaries by an average of 11 percent effective ...
Thursday, 15 October 09
SOUTH AFRICAN MINING COMPANY ACCEPTED $92 MILLION BID FOR COAL MINE STAKE IN SIYANDA COAL
Paguntaka reported that, Sentula Mining Ltd. gained in Johannesburg trading after the South African company accepted a 686 million-rand ($92 million ...
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- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
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- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- White Energy Company Limited
- London Commodity Brokers - England
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
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- Orica Australia Pty. Ltd.
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- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
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- Wilmar Investment Holdings
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- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- MS Steel International - UAE
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
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- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Samtan Co., Ltd - South Korea
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Meralco Power Generation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Oldendorff Carriers - Singapore
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
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