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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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Thursday, 30 September 10
INDONESIAN COAL FOR POWER PLANT - LANKA GAZETTE
Lanka Gazette reported that, A cargo vessel with coal on board to generate electricity for the Norochcholai Coal Power Plant will arrive in Sri Lank ...
Thursday, 30 September 10
DRY BULK MARKET HEADS SOUTH ONCE MORE WITH MARKET SENTIMENT TAKING A CAUTIOUS APPROACH - HELLENIC SHIPPING
The dry bulk market didn’t manage to maintain the slightly upward momentum it had established during the first two session of the week, with t ...
Wednesday, 29 September 10
MOZAMBIQUE: COAL IN THREE MORE TETE DISTRICTS
All africa reported that, Coal deposits have been confirmed in the districts of Changara, Cahora Bassa and Magoe, in the western Mozambican province ...
Tuesday, 28 September 10
MMTC TO AWARD CONTRACT TO CEPL AND KNOWLEDGE TO SUPPLY 0.835 MILLION TONS OF IMPORTED COAL
COALspot.com: MMTC, India’s state owned trading company has opened three coal purchase tenders today.
According to our market sources, Coas ...
Monday, 27 September 10
DRY BULK: FREIGHT RATES CONTINUE TO FALL ON LOW ACTIVITY - HELLENIC SHIPPING
The dry bulk market didn’t manage to change its fortunes during the past week, with holidays across many Asian countries, predominantly China, ...
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- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- Thai Mozambique Logistica
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Economic Council, Georgia
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Jindal Steel & Power Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- GVK Power & Infra Limited - India
- Singapore Mercantile Exchange
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
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