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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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Sunday, 06 March 11
THE S6 ROUTE MAY CONTINUE TO BE FIRM - VISTAAR
COALspot.com - The freight market was firm this week with all indices up. The BDI , Cape Index and Panamax index was up by almost 9 pct where as Sup ...
Friday, 04 March 11
IRON ORE FROM INDIA HAS BEEN QUIET
Handy
Activity has been gradually rising in the Atlantic but it is mostly confined to the USG market. Short period basis redelivery Atlantic has b ...
Thursday, 03 March 11
TNPL INDIA LOOKING FOR 160,000 MT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Ltd. is seeking to import 160,000 plus minus 5 percent metric tons of non-coking coal with Gross Calo ...
Wednesday, 02 March 11
MIXED FORTUNES FOR DRY BULK OWNERS THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although the dry bulk market has been on the positive side this week, things still look quite uncertain in the near term, with most owners puzzled a ...
Wednesday, 02 March 11
INDIA, 2ND LARGEST IMPORTER OF INDONESIAN COAL IN 2010
COALspot.com: Indonesia, the world largest coal exporter, shipped 24.68 million tons of coal in January 2011, which was 1.19 percent higher Y-o- ...
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- Coalindo Energy - Indonesia
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- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
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- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
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- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
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- Wood Mackenzie - Singapore
- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
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- Indian Oil Corporation Limited
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- Leighton Contractors Pty Ltd - Australia
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- LBH Netherlands Bv - Netherlands
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- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
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- London Commodity Brokers - England
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- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- Therma Luzon, Inc, Philippines
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Ministry of Finance - Indonesia
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
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- Bahari Cakrawala Sebuku - Indonesia
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- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
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- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
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- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
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- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
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- Gujarat Electricity Regulatory Commission - India
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- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Grasim Industreis Ltd - India
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- ICICI Bank Limited - India
- The Treasury - Australian Government
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
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- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- PTC India Limited - India
- Central Electricity Authority - India
- SMG Consultants - Indonesia
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- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
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- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- MS Steel International - UAE
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