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Thursday, 25 August 11
OPG EXPECTS COAL PRICES TO REMAIN FIRM IN THE SHORT TERM
 COALspot.com - Revenue of OPG, the developer and operator of Group Captive power plants in India up 188% to £33.15m and Income from continuing operations (before tax, non operational / exceptional items) up by 66% to £ 13.01m from £7.83m in 2010 for the year ended 31 March 2011, according to the statement posted on the company's web site.
"OPG made significant progress in the year, with the successful commissioning of the 77 MW Chennai I facility and substantial advancement of the development pipeline that is set to deliver in excess of 742 MW by 2013, for which we are fully funded, and a total 1250 MW of capacity by 2015", said M.C.Gupta, Chairman of OPG.
OPG is a Group Captive producer of thermal power with a current operating capacity of 107 MW. A further 537 MW is under construction or development with all of this capacity scheduled to come on-stream during 2012 and 2013. Another 600 MW is in the pipeline, giving a projected total capacity of 1250 MW by 2015, a greater than tenfold increase from the current position.
"The year ended 31 March 2011 was a landmark year for OPG, with the successful commissioning of the Group's first major project of 77 MW", Chief Executive's statement posted on web site.
Indian power market remains in deficit
According to OPG, despite volatility elsewhere in the global economy, India's GDP is expected to continue to grow at around 8% in the coming years, resulting in annual power demand growth of 10%. India's total planned capacity additions as at 31 March 2011 were only 52% of the targeted 78,000 MW and there remains an expected shortfall of 30-35% versus the target by March 2012. This trend points towards continuing and increasing power production deficits which currently run at about 10%.
OPG maintains flexibility in its procurement of coal
OPG is planning to secure its fuel supplies from domestic as well as from overseas. 70% of OPG's projects under development have committed supplies of Indian coal, with the remaining 30% utilizing imported coal. This balance of supply has enabled OPG to establish close working relationships with both domestic and imported coal suppliers, thereby mitigating the threat of coal not being available from any one source, company said in its website.
With coal in relatively short supply, the Indian power sector has unsurprisingly experienced upward price pressure for this key input to the power business. Most Indian power producers, unlike OPG, are reliant on obtaining coal either from the development of coal blocks or entirely on imported coal.
OPG expects the coal prices to remain firm in the short term given the current economic growth rates in Asia, although prices should eventually stabilize in the medium term as coal supplies and demand fall more into line.
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Tuesday, 30 August 11
FAUJI CEMENT CONSUMED MORE THAN 1 MILLION TONS OF LOCAL COAL
Cooper Minerals Inc.based in Vancouver, BC, Canada, is a junior exploration company engaged in the acquisition, exploration and development of miner ...
Sunday, 28 August 11
FREIGHT MARKET COULD BE FIRM NEXT MONTH - VISTAAR
COALspot.com - The freight market continued the upward trend first half of the week . However, towards the end of the week lost momentum and the BDI ...
Saturday, 27 August 11
JAPANESE BULK CARRIER SETS RECORD ON NORTHERN SEA ROUTE - BARENTS OBSERVER
The Northern Sea Route will see its third record in less than a month when the largest ever bulk carrier to take the route leaves Murmansk next week ...
Saturday, 27 August 11
RBCT-INDIA ROUNDS FIXED AT AROUND US$ 12K - FEARNBULK
Handy
Stable but very positional markets across all segments in the Atlantic: the gap between owners and charterers rate ideas is building up as o ...
Friday, 26 August 11
TUAH TURANGGA AGUNG ACQUIRES AN ADDITIONAL 40% SHARES IN BARA PRIMA AGUNG
COALspot.com - PT Tuah Turangga Agung, a subsidiary of PT United Tractors Tbk, has signed an acquisition agreement to acquire 40% of PT Bara Prima A ...
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- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Jaiprakash Power Ventures ltd
- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Parliament of New Zealand
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Romanian Commodities Exchange
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Ambuja Cements Ltd - India
- PowerSource Philippines DevCo
- Thai Mozambique Logistica
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