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Wednesday, 25 August 10
GOVT SHOULD ALLOW DUTY-FREE IMPORT OF THERMAL COAL: ASSOCHAM
Industry body Assocham Wednesday said the government should allow duty free import of thermal coal to bring down power tariffs in the country.
"The government should bring down customs duty on import of steam coal for coal-based power plants so that power generated reach out to masses at affordable rates," the chamber said in a statement.
Import duty on thermal (steam) coal is five percent.
Power tariffs in the country are already very high, it said.
"The levy of customs duty only leads to an increased cost of generating power, which will have a cascading effect on all the goods and services," it said.
It said, as thermal power plants would be a major source for generating electricity, country's dependence on coal import would continue to grow, in case production from captive blocks do not come as envisaged.
The current demand-supply gap is estimated at 80 million tonnes and likely to double in the next few years.
During April-December 2009, the consumption of coal by power sector was 271.0 million tonnes, Assocham said. (PTI)
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Thursday, 03 June 10
GOVT CONSIDERING IMPORT PARITY PRICE FOR DOMESTIC COAL
The government on June 1 said it is considering to price domestic coal on par with global rates, a move which may increase the cost of the raw mater ...
Wednesday, 02 June 10
SRI LANKA TESTS 1ST COAL POWER PLANT IN SEPT.
Sri Lanka will start testing its first 300 MegaWatt coal power plant in September with plans to connect it to the national distribution grid by Janu ...
Wednesday, 02 June 10
CHINA'S IRON ORE IMPORTS TO KEEP BEING THE BIGGEST FACTOR FOR DRY BULK FREIGHT RATES SAY READERS
With dry bulk freight rates staging a positive rally during most of May, the industry’s main benchmark, the Baltic Dry Index (BDI) has managed ...
Wednesday, 02 June 10
KIDECO TO PRODUCE 29.5 MILLION TONS OF COAL IN 2010
COALspot.com: Kideco to produce 29.5 million tons of coal in 2010 up 4.8 million or about 19 percent up from 2009 production. Kideco produced 24.7 m ...
Wednesday, 02 June 10
PLN TO DEVOUR 133 PERCENT MORE COAL IN NEXT FIVE YEARS
The Jakarta globe reported that, State electricity company PT Perusahaan Listrik Negara will more than double the amount of coal it uses over the ne ...
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- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- The University of Queensland
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- Manunggal Multi Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
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- Power Finance Corporation Ltd., India
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- Eastern Coal Council - USA
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- Africa Commodities Group - South Africa
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- Kideco Jaya Agung - Indonesia
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- Gujarat Electricity Regulatory Commission - India
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- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
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- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
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- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
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- Metalloyd Limited - United Kingdom
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- SN Aboitiz Power Inc, Philippines
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- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Economic Council, Georgia
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
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- Directorate Of Revenue Intelligence - India
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- London Commodity Brokers - England
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- Mintek Dendrill Indonesia
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- Indonesian Coal Mining Association
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- White Energy Company Limited
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
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- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
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- Energy Link Ltd, New Zealand
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- India Bulls Power Limited - India
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