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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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Saturday, 28 May 11
WCI-CHINA RATES SLIDED TO 15K AND FROM ECI AROUND 12K - FEARNLEYS AS
Handy
Rates in the Atlantic remain steady/flat with the Black Sea remaining quiet with little fresh enquiries. The Continent is seeing more tonnag ...
Saturday, 28 May 11
GOLDEN MINES IPO AT RP 2,300 - RP 3,500
Coal miner PT Golden Energy Mines, a wholly owned subsidiary of PT Dian Swastatika Sentosa Tbk (DSSA) which is controlled by Indonesian businessman ...
Friday, 27 May 11
LARGER DRY BULK CARRIERS LEAD BDIS RALLY THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Larger dry bulk vessels have kept on leading the market’s rise this week, with the BDI (Baltic Dry Index) rising by a more than healthy 3.43% ...
Wednesday, 25 May 11
70 PERCENT OF HARUMS PRODUCTION SOLD - BISNIS INDONESIA
Coal producer PT Harum Energy Tbk claimed that out of this year's total production target of 10 million tons, 70% or 7 million tons had been sold, ...
Wednesday, 25 May 11
MINERS BACK GOVT PLAN TO FREEZE MINING PERMITS - THE JAKARTA POST
Indonesian coal miners hailed the government’s decision to impose a moratorium on the issuance of new mining permits, saying the freeze would ...
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- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
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- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
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- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
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- Larsen & Toubro Limited - India
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- Ministry of Transport, Egypt
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- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
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- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Parliament of New Zealand
- Minerals Council of Australia
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- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
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- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
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- Thai Mozambique Logistica
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- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
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- ICICI Bank Limited - India
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- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
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- Planning Commission, India
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- PTC India Limited - India
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- Tata Chemicals Ltd - India
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- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
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- MS Steel International - UAE
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- The University of Queensland
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- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
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