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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, 20 February 12
COAL BOOM AND ENVIRONMENTAL CONCERN - SUNIL K KUMBHAT
COALspot.com - The dawn of the 21st century has seen a shift in the world's commercial balance of power, with the dominance of the US, Europe and J ...
Sunday, 19 February 12
THE SPOT FIXTURE RATES WERE REPORTED AT HIGH LEVELS - VISTAAR
COALspot.com - "The markets seems to holding back this week appears the momentum which picked up last week may slow down" - Capt. Reddy of ...
Sunday, 19 February 12
INDIKA ACQUIRES MULTI TAMBANGJAYA - INSIDER STORIES
Insider Stories reported that, PT Indika Energy Tbk (INDY) announced that wholly-owned subsidiaries have signed a conditional sale and purchase agre ...
Friday, 17 February 12
COLOMBIA COAL PRODUCTION, EXPORTS JUMP IN 2011: GOVT - COLOMBIA REPORTS
Colombia Reports reported that, colombia's coal production jumped 15.4% in 2011 to 85.8 million tonnes versus the previous year while exports rose ...
Thursday, 16 February 12
GEARING UP FOR THE EMERGING OIL & GAS OPPORTUNITIES IN MYANMAR
Press Release - Myanmar Ministry of Energy and Centre for Management Technology (CMT) to Co-host MOGP (Myanmar Oil, Gas & Power) Summit on 28 - ...
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- TNB Fuel Sdn Bhd - Malaysia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Agrawal Coal Company - India
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- Chamber of Mines of South Africa
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- MS Steel International - UAE
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- SMG Consultants - Indonesia
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- Renaissance Capital - South Africa
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- Eastern Coal Council - USA
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- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
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- Therma Luzon, Inc, Philippines
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- Cement Manufacturers Association - India
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- Medco Energi Mining Internasional
- White Energy Company Limited
- Ministry of Finance - Indonesia
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- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Central Electricity Authority - India
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- Holcim Trading Pte Ltd - Singapore
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- Coalindo Energy - Indonesia
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- AsiaOL BioFuels Corp., Philippines
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- Economic Council, Georgia
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- Wilmar Investment Holdings
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- Uttam Galva Steels Limited - India
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- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Malabar Cements Ltd - India
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- Salva Resources Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- PTC India Limited - India
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- VISA Power Limited - India
- Australian Coal Association
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- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
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- Neyveli Lignite Corporation Ltd, - India
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- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- The University of Queensland
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- Thiess Contractors Indonesia
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- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
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