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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, 25 September 10
INDONESIA HAS EXPORTED 187.656 MILLION TONNES OF COAL IN EIGHT MONTHS
COALspot.com: Indonesia, the world largest coal exporter has exported 187.656 million tons of coal for the period January – August this ...
Saturday, 25 September 10
PRESSURE ON S6 AND S7 ROUTES SEEMS TO BE CONTINUED NEXT WEEK CAPT. REDDY
COALspot.com: The freight market has been flat this week due to holidays in China and low activity saw all sectors down and soft.
The BDI was dow ...
Thursday, 23 September 10
CHURCHILL MINING SHARES JUMP ON EAST KUTAI COAL PROJECT FEASIBILITY RESULTS - STOCKOPEDIA
AIM listed mining group Churchill Mining (LON:CHL) and its Indonesian partners the Ridlatama Group, have completed a feasibility study on the 2.73bn ...
Thursday, 23 September 10
DRY BULK RATES EXPECTEDLY FALL TO ONE MONTH LOWS - HELLENIC SHIPPING
With of the Far East trade routes closed this week on various national holidays, demand for ocean transportation of raw materials has been significa ...
Wednesday, 22 September 10
INDIA TO BE BIGGEST BUYER OF INDONESIAN COAL BY 2011 - BUSINESS STANDARD
India will pass Japan to be the biggest buyer of Indonesian coal by 2011, said Bob Kamandanu, chairman of the Indonesian Coal Mining Association.
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- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- GMR Energy Limited - India
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- Semirara Mining Corp, Philippines
- Parry Sugars Refinery, India
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- Jorong Barutama Greston.PT - Indonesia
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- ASAPP Information Group - India
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
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