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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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- Anglo American - United Kingdom
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Planning Commission, India
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- Indogreen Group - Indonesia
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- The State Trading Corporation of India Ltd
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- Karbindo Abesyapradhi - Indoneisa
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- Xindia Steels Limited - India
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- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- Standard Chartered Bank - UAE
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
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- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
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- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
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- CIMB Investment Bank - Malaysia
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- Bhatia International Limited - India
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- Coalindo Energy - Indonesia
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- Parry Sugars Refinery, India
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- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
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- Kideco Jaya Agung - Indonesia
- Jindal Steel & Power Ltd - India
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- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
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- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
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- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
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- Siam City Cement PLC, Thailand
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- Economic Council, Georgia
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
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- Binh Thuan Hamico - Vietnam
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