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Monday, 13 September 10
IT'S JAI INDONESIA FOR OUR POWER FIRMS
  Indian power producers have been compelled to look abroad for fuel to run upcoming facilities, as domestic generation is unlikely to be able to meet the country’s growing appetite for thermal coal, according to Indian based Business-Standard.
With India looking to add another 75 Gigawatts (Gw, or 75,000 Mw) of thermal generation capacity by 2017, the coal requirement for the sector is reckoned at about 375 million tonnes per year at that point. However, according to KPMG estimates, only about half of this can be fulfilled by domestic producers, meaning India will have to import between 150-180 mt annually.
So, Indian power majors — including NTPC, Tata Power, Reliance Power and the Adani Group — have begun scouting abroad for coal assets. State-run Coal India has also expressed its intention of making foreign purchases.
Although targets have included South Africa, Australia, the US and Indonesia, the last option has emerged as a favourite for almost all domestic power companies in the fray.
Only a handful of firms have picked up thermal coal assets elsewhere. There is, for instance, Adani Group’s recent $2.8 billion (Rs 13,500 crore) purchase of the Galilee Basin coal tenement in Australia, and JSW Energy’s show of intent for acquiring 70 per cent stake in South Africa-based Indian Ocean Mining.
Why Indonesia
A greater concentration of Indian companies, though, remains in Indonesia. But what makes Indonesia — the world’s largest thermal coal exporter — such an attractive hunting ground for large power sector players from India, the world’s fastest growing coal importer?
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“ Indonesian coal assets are valued by Indian companies because their coal, typically, lower grade coals containing very low ash and sulphur content, blending easily with high ash Indian coals” - Tata Power
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“The main consideration is to get the lowest possible delivered cost of coal to a power plant. The pit head value of sub-bituminous thermal coal is less than the freight cost. That’s why you have to make sure the freight cost is kept low. From this perspective, procuring from Indonesia is an advantage,” explains Harsh Mishra, president and chief of corporate planning at the Adani Group.
The country’s largest coal importer, it owns a 6-million tonne per annum (mtpa) mine in Indonesia. Last month, it committed an additional $1.65 billion (Rs 7,700 crore) investment to undertake a port and rail project in Indonesia’s Tanjung Enim region, which will give the company access to 35 mtpa from the mines of PT Bukit Asam.
Tata Power, the country’s largest integrated private sector power utility, in an emailed statement said the “shortest transportation distance to India among all coal exporting countries” was a factor in attracting substantial domestic investments. In 2007, it had taken a 30 per cent stake in two of Indonesia’s largest mines — PT Kaltim Prima Coal and PT Arutmin Indonesia — for about $1.1 billion (Rs 5,100 crore), in part to secure supplies for its Indian power generation plans.
Indonesian coal assets are also valued by Indian companies because their produce, typically, lower grade coals containing very low ash and sulphur content, blending easily with high ash Indian coals, according to Tata Power.
Source: Business-Standard
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Saturday, 02 October 10
FOUR INDONESIAN COAL FIRMS KEEN TO TIE UP WITH NALCO - SIFY
Sify reported that, Four Indonesian coal companies have shown interest to tie up with public sector National Aluminium Company (Nalco) for its 4 bil ...
Friday, 01 October 10
COAL TRADERS POWER FOREIGN ASSET BUYS - ECONOMIC TIMES
Economic Times reported that, the rush to own coal assets is leading to innovative alliances. are teaming up with utilities like , Reliance Power an ...
Thursday, 30 September 10
LOW CALORIFIC VALUE COAL MAY BE SOLD BELOW COAL REFERENCE PRICE IN INDONESIA
COALspot.com: Indonesia, the world’s largest coal exporter has issued another ministerial decree to regulate the selling price of coal of Indo ...
Thursday, 30 September 10
INITIAL PHASE OF MOATIZE MINING BY EARLY NOVEMBER - ALL AFRICA
All Africa report that, the initial phase of mining coal at Moatize, in the western Mozambican province of Tete, will begin by early November, and t ...
Thursday, 30 September 10
THE PANAMAX CONTINUED ITS DOWNWARD TREND FROM LAST WEEK - FEARNBULK
HANDY
Activity remains slow this week combined with a lack of fresh enquiry and tonnage over-supply in the Atlantic. Indexes are all negative exce ...
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- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- Lanco Infratech Ltd - India
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Planning Commission, India
- Economic Council, Georgia
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- VISA Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Bhushan Steel Limited - India
- PTC India Limited - India
- Anglo American - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
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