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Monday, 10 January 11
DEWA SEEKS ADVICE ON COAL POWER PROJECT -THE NATIONAL


The Dubai utility company gets nine bids from international groups for consultancy role.

The National reported that, Dubai's utility company will appoint a consultant to advise on the generation of power from coal. Dubai Electricity and Water Authority (DEWA) received nine bids from international groups hoping to be appointed to the role, which could lead to the construction of the emirate's first coal-fired plant.

The plan to generate electricity using coal is part of a wider effort to diversify the UAE's power supply and maintain its energy sources until planned nuclear power plants are activated.

"This study is a key step towards the implementation of the energy diversification strategy adopted by Dubai's Supreme Council of Energy, in which coal is set to become part of Dubai's energy portfolio," said Saeed Mohammed al Tayer, DEWA's chief executive.

"The strategy aims to diversify energy sources to ensure energy supply and meet the growing energy demands in the Emirate of Dubai."

The UAE aims to secure a supply of power until its nuclear plants come online, currently expected to be in 2017. The Ras Al Khaimah Investment Authority also plans to build a 600-megawatt coal power plant.

Some analysts are sceptical, however, that coal power can become anything more than a stopgap measure for UAE energy policy.

"In the current energy mix in all the GCC countries, coal plays no role at the moment," said Christian von Tschirschky, the head of utilities at A T Kearney consultancy. "Everyone depends mainly on burning gas and oil. The future will be the expansion towards nuclear energy and solar.

"When you look towards the future, they have an energy gap between demand and supply, but the UAE's nuclear plants and good interconnection with its GCC neighbours will be able to close this. However, this coal plant can be one element [of that]."
Source: The National



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Friday, 07 January 11
DRY BULK MARKET ON A FREEFALL, AS THE NEW YEAR EARLY DAYS DONT BRING MANY CHEERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is facing its worst slump in more than two years, falling by 4.75% yesterday to reach 1,544 points, on top of an additional 4.2% ...


Thursday, 06 January 11
OVERSEAS & GENERAL SIGNS AGREEMENT TO EXPAND FOOTPRINT ON COAL LEASE IN INDONESIA - PROACTIVE INVESTORS
Proactive Investors reported that, Overseas & General (ASX: OGL) has entered into a joint operating agreement on the Jambi Coal Lease in Sumatra ...


Thursday, 06 January 11
BANPU EXPECTS ROSY 2011 AS COAL PRICES SKYROCKET - BANGKOK POST
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, expects minimal impact from the production stoppage at its Daning mine in China ...


Thursday, 06 January 11
COKING COAL CONTRACT PRICE MAY RISE 33% ON AUSTRALIAN FLOODS - BLOOMBERG
Bloomberg reported that, Steelmakers in Asia may be forced to pay as much as 33 percent more for hard coking coal after the worst floods in 50 years ...


Wednesday, 05 January 11
HIGHER COAL PRICES LIFT UP COAL STOCKS
Thermal coal price this month has gone up 5.63% to US$127.70 per ton today from mid last month at US$120.89 per ton. Thermal coal price for next ...


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