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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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Monday, 22 August 11
MACRO ECONOMICS - PETER SAND BIMCO / HELLENIC SHIPPING
The US is jeopardising the global recovery as job creation remains top challenge across the board.
Global economy: While growth in most emerging ...
Sunday, 21 August 11
SUPRAMAX AVAILABILITY WAS TIGHT DUE TO UPCOMING RAMADAN HOLIDAYS
COALspot.com - The financial markets have been in turmoil with all major stock exchanges down and uncertainty prevails. However the shipping market ...
Sunday, 21 August 11
TUAH TURANGGA ACQUIRES DUTA NURCAHYA
Coal miner PT Tuah Turangga Agung, a wholly owned subsidiary of PT United Tractors Tbk (UNTR) via PT Pamapersada Nusantara), has agreed to acquire 6 ...
Friday, 19 August 11
INDIAS CICTL HAS ACHIEVED ONE MILLION TONS OF DISCHARGE
COALspot.com - Chettinad International Coal Terminal (CICTL) in Ennore port, a state of the art mechanized coal terminal, which was inaugurated on 28t ...
Friday, 19 August 11
AUSTRALIAS' ATH TO ACQUIRE 60% OF APUAH COAL MINE IN INDONESIA
COALspot.com - Australian listed company, Atech Holdings Limited (ATH) has entered into a conditional binding term sheet to acquire 60 percent stake ...
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- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- Australian Coal Association
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- Minerals Council of Australia
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- Romanian Commodities Exchange
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- Deloitte Consulting - India
- GMR Energy Limited - India
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Parliament of New Zealand
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- Georgia Ports Authority, United States
- Ministry of Finance - Indonesia
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Rio Tinto Coal - Australia
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