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Monday, 21 February 11
ABOLISH 5% DUTY ON COAL IMPORTS: SHINDE
 Indian Express reported that, with acute coal shortage of domestic coal threatening to destabilise its power generation plans, the power ministry has demanded that the government abolish the custom duty of 5 per cent in the coming Budget on imports of the mineral.
In a note to the government on February 11 last, the power ministry pointed out that coal-starved power plants are increasingly securing thermal coal from abroad, the imports of which has shot up to 23.2 million tonnes (MT) in 2009-10 against 16 MT in 2008-09. It argued that with domestic coal in short supply, the utilities have sustained a whooping generation loss of 5.3 billion units in 2010-11 (April-December).
“The problem is likely to aggravate from 2011-12 in view of inadequate availability of coal from Coal India Limited (CIL) and limitations in blending beyond 10-15 per cent of the total consumption. CIL officials have told the Plan Panel in a meeting on January 27 last that of the total demand of 480 MT in 2011-12, they can only supply 319 MT. This further compounds our problem,” the ministry contended.
Arguing that imports were indispensable for firing the turbines ceaselessly, the power ministry asked the government to provide cushion to the utilities by doing away with the 5 per cent duty on coal imports.
“As imports of coal is necessitated mainly due to inadequate availability of coal from domestic sources and it has huge financial impacts on Discoms and consumers, it is recommended that the custom duty on import of coal may be done away with immediately,” the ministry said in the note.
According to the ministry, coal imports have been steadily going up. The domestic utilities imported 4.5 MT in 2004-05, 10 MT during 2005-06, 16 MT in 2008-09 before touching 23.2 MT in 2009-10. Maintaining that supply from CIL and other domestic sources could fire power turbines of up to 3,000 MW only, the power ministry warned that “new capacity of about 20,000 MW is likely to be grounded for want of domestic coal.”
Irrespective of the fact that most of the coal-based generation projects under construction during 11th and 12th Plan periods have either been accorded linkages or coal blocks, but the inadequacy of domestic coal was assuming serious proportions, which would available assets stranded for want of coal.
Source: Indian Express (By: Priyadarshi Siddhanta)
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Thursday, 24 March 11
INDIA'S CHETTINAD INTERNATIONAL COAL TERMINAL'S PERMISSIBLE DRAFT HAS INCREASED TO 13.5 M
COALspot.com - Chettinad International Coal Terminal in Ennore port has the berth with draft 13.5 Meters now, according to E-Mail statement received ...
Thursday, 24 March 11
DRY BULK MARKET RISES, CAPESIZES GAIN BUT REMAIN LOW EARNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market posted modest gains on Wednesday, with the Baltic Dry Index rising to 1,565 points, up by 1.43 percent on the day, led by gains ...
Wednesday, 23 March 11
INDIAS TNPL RECEIVED 1.120 MMTS OF COAL AGAINST ITS 160K MT INQUIRY
COALspot.com - Tamil Nadu Newsprint and Papers Ltd. has closed its inquiry today.
Seven Indian coal traders have submitted price bid to sup ...
Tuesday, 22 March 11
MONNET ISPAT & ENERGY LIMITED ACQUIRES INDONESIAN COAL COMPANY THROUGH ITS SUBSIDIARY MONNET GLOBAL LIMITED
Monnet Global Limited (MGL) acquires PT Sarwa Sembada Karya Bumi, Sumatra & on part exploration the reserves of 65 million tonne on Thermal Coal ...
Tuesday, 22 March 11
RI COAL EXPORTS TO JAPAN MAY BE DIVERTED TO OTHER COUNTRIES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s coal exports to Japan will likely be diverted to other countries for several months after the rece ...
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- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
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- Indian Oil Corporation Limited
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- SMC Global Power, Philippines
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- Petron Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
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- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
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- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- Eastern Energy - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
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- Bharathi Cement Corporation - India
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- Bangladesh Power Developement Board
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- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Banpu Public Company Limited - Thailand
- Sindya Power Generating Company Private Ltd
- Semirara Mining Corp, Philippines
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- New Zealand Coal & Carbon
- The University of Queensland
- Meralco Power Generation, Philippines
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Australian Coal Association
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- Parry Sugars Refinery, India
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