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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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Monday, 02 August 10
DRY BULK MARKET NEEDS TO FIND ADDITIONAL SUPPORT IN AUGUST
The dry bulk market ended another week of rebounding, posting on Friday its 11th straight rise. Still, as analysts point out the rate of this rise h ...
Monday, 02 August 10
LINC, ADANI COMPLETE THEIR COAL CONNECTION
"THE much-speculated deal between underground coal gasification company Linc Energy and India's Adani Enterprises is set to be signed tomorrow ...
Saturday, 31 July 10
TABONEO ANCHORAGE TO LOAD 1.5 MLN TON OR MORE COAL IN H1 AUGUST
COALspot.com: Eighty five ocean going vessels and barges have been nominated by coal buyers to their respective suppliers in Indonesia to load about ...
Saturday, 31 July 10
SEEMS THE FREIGHT MARKET WOULD BE FAIRLY STABLE FOR H2 2010 - VISTAAR
COALspot.com: The BDI continued moving up since 16th July and rise by 14 pct almost touching 2000 points.
The BDI was up by 7.72 pct last week wh ...
Friday, 30 July 10
DRY BULK MARKET BACK ON THE ROAD TO RECOVERY
Freight rates for dry bulk carriers have continued to edge higher this week, with the industry’s main benchmark, the Baltic Dry Index (BDI) ga ...
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- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Siam City Cement - Thailand
- Mjunction Services Limited - India
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- Borneo Indobara - Indonesia
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement PLC, Thailand
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Bhatia International Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
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