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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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Wednesday, 17 August 11
TAVESCO KILLARA ENERGY TO ACQUIRE COAL CONCESSIONS IN EAST KALIMANTAN
COALspot.com - Killara Resources Limited, an Australian listed company has formed PT Tavesco Killara Energy (TKE), a joint company with PT Tavesco I ...
Wednesday, 17 August 11
BUMI'S H1 UNDERLYING OPERATING PROFIT $62 MILLION
COALspot.com - Bumi PLC , posted underlying first-half operating profit of $62 million and production at PT Bumi Resources and PT Berau increased to ...
Wednesday, 17 August 11
SHIP OWNERS COULD FACE PAIN ON THE BACK OF GLOOMY ECONOMYS PREDICTIONS - HELLENIC SHIPPING
The latest market turmoil, coupled with the renewed risk of a global recession could very well signal more troubled times for ship owners of all shi ...
Tuesday, 16 August 11
CHALLENGER ENTERED INTO CSPA WITH PELANGI KERTANEGARA TO ACQUIRE 100% STAKE
COALspot.com - Challenger Deep Resources Corp., through its wholly owned subsidiary, P.T. Bestindo Energy, has exercised its option to purchase an a ...
Monday, 15 August 11
ADARO ENERGYS NET INCOME MORE THAN DOUBLES IN FIRST HALF 2011
COALspot.com - Indonesian’s second largest coal producer, Adaro Energy, booked net profit US$ 268 million in the first half 2011, rose two-fol ...
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- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- Parliament of New Zealand
- Coalindo Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- Power Finance Corporation Ltd., India
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- ICICI Bank Limited - India
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- ASAPP Information Group - India
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Binh Thuan Hamico - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
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