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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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Friday, 29 October 10
CAPE MARKET STARTED TO BREAK THOUGH THE UPWARDS RESISTANCE LEVEL OF USD 40K DAILY FOR SPOT CARGOS - FEARNLEYS
HANDY
The Atlantic markets remain flat and lackluster. The expectations that the grain ...
Friday, 29 October 10
CHINA'S COAL DEMAND DRIVES DRY BULK MARKET HIGHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is posting marginal, yet steady growth this week, with the Baltic Dry Index rising yesterday to 2784 points, up by 0.2%. Both th ...
Wednesday, 27 October 10
TNPL TO AWARD 240,000 MT COAL SUPPLY CONTRACT TO COAL & OIL
COALspot.com: Tamil Nadu Newsprint Papers Limited, Tamil Nadu state owned Newsprint and Printing & Writing Paper producer has opened a coal purc ...
Wednesday, 27 October 10
CHINA AIDS RUSSIA IN DEVELOPING COAL RESOURCES - PEOPLE'S DAILY
People's Daily reported that, Russia will use 6 billion U.S. dollars in loans provided by China to develop coal resources in Sakhalin Island, Elege ...
Wednesday, 27 October 10
MAIDEN COAL SHIPMENTS TO NOBLE RESOURCES - PAN ASIA AUSTRALIA
Press Release :
First Coal Shipments made from Nadvara Coal Project, East Kalimantan
51,616 tonnes delivered from October production &ndas ...
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- Energy Link Ltd, New Zealand
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- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
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- Ministry of Mines - Canada
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- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- The University of Queensland
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- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
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- ASAPP Information Group - India
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- Kapuas Tunggal Persada - Indonesia
- Indika Energy - Indonesia
- Australian Coal Association
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- Dalmia Cement Bharat India
- Minerals Council of Australia
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- Orica Australia Pty. Ltd.
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- CNBM International Corporation - China
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- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
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- Bhatia International Limited - India
- Thiess Contractors Indonesia
- Maheswari Brothers Coal Limited - India
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- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- Parliament of New Zealand
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
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- Planning Commission, India
- India Bulls Power Limited - India
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- Altura Mining Limited, Indonesia
- Indian Oil Corporation Limited
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- Renaissance Capital - South Africa
- VISA Power Limited - India
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
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- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
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- Makarim & Taira - Indonesia
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- Formosa Plastics Group - Taiwan
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- The Treasury - Australian Government
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
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- Star Paper Mills Limited - India
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
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- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- Sical Logistics Limited - India
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
- Latin American Coal - Colombia
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
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- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Chamber of Mines of South Africa
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- International Coal Ventures Pvt Ltd - India
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