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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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Monday, 14 March 11
IRON ORE TRADING WORLD EUROPE 2011
Press Release - Strategy and opportunity for miners, steelmakers, end users and the financial community.
The iron ore spot market is growing at a ...
Sunday, 13 March 11
COAL NO LONGER A CHEAP ENERGY SOURCE - THE SUNDAY LEADER
The Sunday Leader reported that, the addition of power generated through coal power to the country’s national grid was initially expected to r ...
Sunday, 13 March 11
THE FREIGHT MARKET SEEMS WILL BE FIRM FOR MARCH AND APRIL - VISTAAR
COALspot.com - The freight market continued to rise with the BDI crossing 1500 points and the cape size index up by 32 pct and all other segments al ...
Friday, 11 March 11
THE HANDY MARKET IS QUITE VOLATILE
Handy
Lacklustre week as the USG is the only bright light with high volumes of petcoke/coal into the Med (paying mid 20´s bss aps USG). Litt ...
Thursday, 10 March 11
DRY BULK MARKET SHOWING SIGNS OF STRONGER RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market jumped by 3.37% yesterday, with the industry’s benchmark, the Baltic Dry Index (BDI), moving up to 1,472 points, levels no ...
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- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
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- Singapore Mercantile Exchange
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- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
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- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
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- Ministry of Finance - Indonesia
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
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- The State Trading Corporation of India Ltd
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- Jaiprakash Power Ventures ltd
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- Metalloyd Limited - United Kingdom
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- Mjunction Services Limited - India
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- Petron Corporation, Philippines
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- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
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- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- New Zealand Coal & Carbon
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- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
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- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
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- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
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- Planning Commission, India
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- Pipit Mutiara Jaya. PT, Indonesia
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- Intertek Mineral Services - Indonesia
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- Mercator Lines Limited - India
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- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
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- GAC Shipping (India) Pvt Ltd
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- Alfred C Toepfer International GmbH - Germany
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- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- Australian Coal Association
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- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
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- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- VISA Power Limited - India
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- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
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- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- Port Waratah Coal Services - Australia
- Madhucon Powers Ltd - India
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- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
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- Cement Manufacturers Association - India
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- San Jose City I Power Corp, Philippines
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- Siam City Cement PLC, Thailand
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- Indonesian Coal Mining Association
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Aditya Birla Group - India
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- Videocon Industries ltd - India
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- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
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