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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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Friday, 26 August 11
INTRACO EYES US$200 MIO COAL TAKEOVER - INSIDER STORIES
Heavy equipment distributor PT Intraco Penta Tbk, that was founded by Halex Halim, is scouting a coal acquisition with the valuation above US$200 mi ...
Thursday, 25 August 11
PAITON POWER LOOKING FOR 3.96 MILLION TONS OF COAL
COALspot.com - PT Pembangkit Jawa Bali (PJB) is looking for 3.96 million tons coal with calorific value 4,800 kcal/kg on as received basis. Accordin ...
Tuesday, 23 August 11
ICMA CALLS GOVERNMENT TO REVIEW EXPORT BAN REGULATION
COALspot.com - Chairman of the Indonesian Coal Mining Association (ICMA) Bob Kamandanu asks the government to review the regulation that being draft ...
Tuesday, 23 August 11
ADARO ENERGY ACQUIRES 75% STAKE OF PT MUSTIKA INDAH PERMAI FOR US$ 222.5 MILLION
COALspot.com - PT Alam Tri Abadi, a wholly owned subsidiary of PT Adaro Energy Tbk, signed a share purchase agreement to acquire a 75% stake of PT M ...
Tuesday, 23 August 11
COAL DEMAND IS REMAINED STRONG IN SPITE OF CURRENT GLOBAL ECONOMIC UNCERTAINTY - BUMI
COALspot.com - Indonesia's largest coal producer, PT Bumi Resources, Tbk (BUMI)'s sales revenue has increased to US$1.79 billion (compared with US ...
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- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Thiess Contractors Indonesia
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- Posco Energy - South Korea
- Planning Commission, India
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- The University of Queensland
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
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