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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, 14 June 10
S. AFRICA BOOSTS COAL SALES TO INDIA 12%, TRADER SAYS
Bloomberg reported that, South Africa’s Richards Bay, the world’s second-biggest coal export harbor, boosted sales to India by 12 percen ...
Sunday, 13 June 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS AT AROUND CAPE/US$ 29000 PER DAY & PANAMAX/US$ 20500 PER DAY - VISTAAR
COALspot.com: The market continue to soften in all sectors and the most affected was cape size which was down by 16.32 pct. The BDI was down by 14.4 ...
Saturday, 12 June 10
BALTIC EXCHANGE ESTABLISHES ASIA-PACIFIC OFFICE
The London-based Baltic Exchange has today announced it is setting up an Asia-Pacific Representative Office in Singapore, to ensure closer contact w ...
Saturday, 12 June 10
NALCO TO ROPE IN PARTNERS FOR INDONESIA PROJECT
Sify reported that, the public sector National Aluminium Company (Nalco) is set to finalise the terms of its joint venture (JV) agreement with two f ...
Thursday, 10 June 10
CHARTERERS ARE NOT WILLING TO PAY THE RATES AS MARKET SLIDES
DRY BULK
Handy
Atlantic markets are quieter (Posidonia?) with less activity. Nevertheless expect some fresh enquiries f ...
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- Karbindo Abesyapradhi - Indoneisa
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- Commonwealth Bank - Australia
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- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Ministry of Finance - Indonesia
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- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Banpu Public Company Limited - Thailand
- The University of Queensland
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- Savvy Resources Ltd - HongKong
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
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- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
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- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
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- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
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- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
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- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
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- AsiaOL BioFuels Corp., Philippines
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- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
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- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
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- Bulk Trading Sa - Switzerland
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- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
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- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
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- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
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- Economic Council, Georgia
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- Bhushan Steel Limited - India
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- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
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- CNBM International Corporation - China
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
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- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- IHS Mccloskey Coal Group - USA
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- Energy Link Ltd, New Zealand
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- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
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- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- White Energy Company Limited
- Romanian Commodities Exchange
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- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
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- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- Meralco Power Generation, Philippines
- Medco Energi Mining Internasional
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Parliament of New Zealand
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
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- Planning Commission, India
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- ASAPP Information Group - India
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- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
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- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
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