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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, 21 July 10
FEWER SHIPS SOLD FOR SCRAP IN JUNE, ADDING PRESSURE TO FREIGHT RATES
The easing of vessel tonnage supply should be among the main concerns among ship owners, especially those active in dry bulk shipping. The reason is ...
Wednesday, 21 July 10
BUKIT ASAM SEALS RP900 BIO COAL DEAL
Souce: Insider Stories
Insider Stories reported that, State-Owned coal producer PT Tambang Batubara Bukit Asam Tbk (PTBA) have agreed t ...
Wednesday, 21 July 10
TUAH TURANGGA BUYS ABP US$ 15.9 MIO
Source: Insider Stories
Insider Stories reported that, Komatsu heavy equipment PT United Tractors Tbk (UNTR) through its wh ...
Tuesday, 20 July 10
CHINA'S RELIANCE ON COAL TO DROP 7% BY 2015 - XINHUA NET
Xinhua Net reported that, China's coal consumption is likely to drop to 63 percent of total energy consumption by 2015, down from 70 percent last y ...
Tuesday, 20 July 10
CHURCHILL PLANNING TO PRODUCE 35 MILLION TONNES PER ANNUM FROM ITS EAST KUTAI COAL PROJECT
According to Churchill's website, the East Kutai Coal Project is a world-class thermal coal deposit, with a JORC Mining Reserve of 961 milli ...
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- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- The University of Queensland
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Baramulti Group, Indonesia
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
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