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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, 09 November 12
SHIP OWNERS TURN TO SECOND HAND VESSELS, WHICH COME AT ATTRACTIVE PRICES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The attractiveness of modern second hand vessels, which are often priced aggressively can't be ignored by cash-rich ship owners, who are taking adv ...
Thursday, 08 November 12
LARGE ECO SUPRA : INDO - INDIA NOW FIXED AT USD 11K FOR DELIVERY SINGAPORE - FEARNLEYS
Handy
The Atlantic market continues to remain weak with rates further softening on FH. Rates from USG to Feast were around USD 14k and Black Sea to ...
Thursday, 08 November 12
DRY BULK MARKET RETREATS AGAIN ON HIGHER SHIP SUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In further evidence of a latest round of dry bulk shipping misery, the industry's benchmark fell for the 11th straight session yesterday, as the in ...
Thursday, 08 November 12
JOIN CHINA STEAM COAL SUPPLY - DEMAND FORUM
Join China Steam Coal Supply-Demand Forum & Visit Shenhua Yudean Zhuhai Port Coal Terminal
Press Release - Organized by CBI BIZ and suppo ...
Wednesday, 07 November 12
NEWBUILDING ORDERING ACTIVITY ON A STEADY PACE PRIOR TO THE END OF THE YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Newbuilding orders, which to many involved in the shipping industry, are the main reason of today's low freight rates and subsequent financial prob ...
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- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Independent Power Producers Association of India
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Trasteel International SA, Italy
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Orica Australia Pty. Ltd.
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Karaikal Port Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- CNBM International Corporation - China
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Parry Sugars Refinery, India
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