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Monday, 26 July 10
BHATIA INTERNATIONAL, MIGHT GRAB THE MAJORITY OF COAL SUPPLY ORDER FROM MAHAGENCO
 COALspot.com: Maharashtra State Power Generation Co., a provider of electricity to India’s commercial hub Mumbai, has received price bids from Indian traders to supply 3.35 million metric tons of steaming coal against its recent inquiry. MAHAGENCO has floated a tender in last March to secure 3.35 million ton of coal for its NTPS, BTPS, PTPS, KPKD & CSTPS plants.
The tender was closed on 29 May 2010, and last Thursday MAHAGENCO has opened the price bids to finalize supplier. Total seven Indian coal trading companies have participated in this tender to see their chances to win and supply 3.35 million tons of coal in this fiscal year.
The total of 3.35 million tons of coal would be shared by NTPS, BTPS, PTPS, KPKD & CSTPS operates by Mahagenco. The company has increased coal imports this year compare to last fiscal year. Company’s last fiscal year imports were about 2.4 million tons.
According to our sources, MAHAGENCO used to buy coal basis on a fixed price for a whole year. However, there was rumors that, Mahagenco might change its sourcing mechanism from this tender onward.
Mahagenco may buy coal in the future at prices linked to global coal prices, instead of fixed price for a whole year. However, it was not clear this fiscal year supply would be fixed price basis or index link pricing. Some other Indian utilities are already sourcing coal, using an index link pricing mechanism.
Bhatia International, an Indian coal trading company, might grab the majority of coal supply order from MAHAGENCO this year, a source related to tender said. Adani global, another leading coal trader in India might also get a chance to supply coal to one of the MAHAGENCO’s power plants as Adani was the lowest bidder in Parli thermal power station.
The landed elevated price of coal offered by lowest bidders were ranging from US$ 101.62 - 110.75 per metric ton for GCV (adb) 6300 kcal/kg, Total Moisture (arb) 10%, Ash (adb) 14% and Sulphur ( adb) 0.7%.
As per MHAGENCO tender terms and conditions, MAHAGENCO can apply higher penalties for specific parameters of coal, if suppliers fail to supply coal as per guaranteed quality.
Any Calorific value of coal fell below 5800 kcal/kg (gad), then an addition to pro rata penalty, an additional penalty of INR 300 (US$ 6.38) per 100 kcal/kg will be penalized. Ash content of coal exceeds 14% , then penalty of INR 150 (US$ 3.20) per percentage per mt will be penalized.
Higher total moisture and total sulphur also subject to an additional penalties.
Steam coal prices at Newcastle, was at $ 100.77 a ton for GCV (gar) 6322 kcal/kg at the time of tender closing and at $ 95.05 a ton at the time of opening of the price bid, according to globalCOAL website, the world's leading online coal trading platform.
Indonesian coal price reference also dropped by about 0.58 percent in July 2010 compare to June reference price. Indonesian government has declared US$ 96.65 as coal price reference for July 2010 for GCV (gar) 6322 kcal/kg, total moisture 8%, sulphur (adb) 0.8% and ash content (adb) 15%.
State-owned Mahagenco operates plants with a total installed capacity of 9,996 megawatts of hydroelectric, thermal and hydro plants, according to the Web site.
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Thursday, 06 October 11
REALM SECURES 51% OF KATINGAN RIA COAL PROJECT IN CENTRAL KALIMANTAN
•Realm secures 51% of PT Katingan Ria Thermal Coal Project in Central Kalimantan
•Realm takes ownership of Kalres Limited
•Acquisit ...
Thursday, 06 October 11
SOUTH EAST ASIAS AGGRESSIVE POWER DEMAND GROWTH WILL REQUIRE INVESTMENT OF US$125 BN BY 2020 - WOOD MACKENZIE
COALspot.com - Wood Mackenzie says that South East Asia’s demand growth for new power generation is so aggressive that new power generation in ...
Thursday, 06 October 11
CHINESE DEMAND FOR COAL IMPORTS TO MODERATE IN 2012 - MISWIN MAHESH
COALspot.com - We expect Chinese demand growth for imported steam coal to moderate over the next year. Steam coal imports into China will modera ...
Wednesday, 05 October 11
MINISTRY STICKING TO RAW COMMODITY EXPORT BAN DESPITE INDUSTRY FEARS - JG
The Jakarta Globe, the one of the leading English news paper in Indonesia, reported that, the details of a controversial new regulation that would b ...
Wednesday, 05 October 11
ATLANTIC AND PACIFIC BASINS BECAME TIGHTER FOR PANAMAX LAST WEEK - BRS
A slump for both the Capes and Panamaxes sent the BDI down 1% this week, falling to 1,899 points.
The Capes saw the greatest movement, sliding - ...
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- Parry Sugars Refinery, India
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- Tamil Nadu electricity Board
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- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
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- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Australian Coal Association
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- Australian Commodity Traders Exchange
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Economic Council, Georgia
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- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
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- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
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- Karbindo Abesyapradhi - Indoneisa
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- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- SMG Consultants - Indonesia
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- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
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- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
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- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
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- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- Parliament of New Zealand
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- The University of Queensland
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- PTC India Limited - India
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- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
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- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
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- MS Steel International - UAE
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- Price Waterhouse Coopers - Russia
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- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
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- Wood Mackenzie - Singapore
- Siam City Cement - Thailand
- White Energy Company Limited
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- Bharathi Cement Corporation - India
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- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
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- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
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- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
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- Electricity Authority, New Zealand
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- Billiton Holdings Pty Ltd - Australia
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- The State Trading Corporation of India Ltd
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- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
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- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
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- GAC Shipping (India) Pvt Ltd
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- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
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- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
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- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
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- IEA Clean Coal Centre - UK
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- Renaissance Capital - South Africa
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