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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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Tuesday, 22 March 11
KRISHNAPATNAM PORT SETS ALL INDIA RECORD FOR COAL DISCHARGING
COALspot.com - "Krishnapatnam Port has set an all India record for discharging 71,587 tons of steam coal in just 24 hrs using the conventional ...
Sunday, 20 March 11
FREIGHT MARKETS COULD SOFTEN NEXT WEEK DUE TO JAPANESE PORTS CLOSURE AND LIBYAN CRISIS - VISTAAR
COALspot.com - The BDI was down by 1.98 pct (closing at 1531 points) mainly due to Cape index which was down by almost 11 pct and closed 1687 points ...
Friday, 18 March 11
FALL IN INDONESIAN COAL EXPORTS IN FEBRUARY 11
COALspot.com - Indonesian coal exports seen a fall of 10.76% during Feb 2011. The world’s largest coal exporter shipped 22.029 MMts of c ...
Thursday, 17 March 11
THE PACIFIC HANDY MARKET IS CURRENTLY STEADY - FEARNBULK
Handy
The Atlantic market is showing signs of recovery and does not seem to be affected by the Japan disaster. The market is very positional and i ...
Tuesday, 15 March 11
COAL PRODUCTION FORECAST TO SURGE ON RISING PRICES - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s coal production is forecast to increase by 20 percent this year as coal prices continue to ...
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- Maharashtra Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Sakthi Sugars Limited - India
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- Planning Commission, India
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- VISA Power Limited - India
- PTC India Limited - India
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
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