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Friday, 19 June 09
KARNATAKA POWER CORP BEGINS BLENDING INDONESIAN COAL
BL reported that the State Government owned power utility Karnataka Power Corporation Limited has begun blending imported Indonesian coal for its thermal plants.
KPCL officials said that the blending was up to 20% of the coal consumption of the thermal plants. KPCL currently operates 2 thermal plants the 1470 MW Raichur Thermal Power Station and the 500 MW Bellary Thermal Power station.
However, the fuel needs of both these plants are estimated at about 12 million tonne a year of domestic coal, assuming a plant load factor of 85%. This was on the basis of fuel consumption from domestic sources that are of inferior quality.
Domestic thermal coal has a calorific value of just 3,000 kilo calories per kilogram. Consequently, the officials said that imported coal blending therefore brought down fuel consumption. This was because imported coal, mostly from Indonesia has a calorific value of about 6,100 kilo calories per kilogram.
The officials said they were not in a position to increase the content of imported coal. This was in view of the high international prices. KPCL’s current imports are entirely through the spot markets. Consequently, this made the power utility vulnerable to fuel price volatility.
The officials said that given the current international price structure, there was little scope for hedging fuel prices. This was because hedging would imply that the utility would get locked into high prices over a long period. The best option, therefore, was to blend domestic coal with imported coal.
Besides, there was also little scope for increasing power tariffs. This was because the original tariffs were worked out on the assumption of usage of domestic coal. Therefore, the officials explained that higher coal imports would not be viable unless international coal prices dropped below current domestic prices.
Coal from Singareni Collieries, where KPCL has its fuel linkage is currently priced at about INR 900 tonne. Inclusive of transportation costs, the landed costs were close to about INR 1,400 tonne or less than half the price of Indonesian steam coal.
Source: Steel Guru (http://steelguru.com/news/index/2009/06/19/OTkwNDg%3D/Karnataka_Power_Corp_begins_blending_Indonesian_coal.html)
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Saturday, 13 June 09
CLEARLY THE DRIVER FOR DRY BULK MARKET SEEMS TO BE IMPORTS BY CHINA - VISTAAR SINGAPORE
COALspot.com (Singapore): The market saw mixed results last week. The beginning of the week saw the indices dropping including the futures , however t ...
Friday, 12 June 09
SOUTH SUMATERA SPEEDS UP INTERNATIONAL HARBOR CONSTRUCTION - TEMPO INTERACTIVE
The South Sumatera Government will speed up construction of the international harbor Tanjung Api-Api. The harbor is a strategic entry point for comm ...
Friday, 12 June 09
CHINA SHENHUA NOT EYEING NEW FOREIGN COAL MINES - MEDIA
China Shenhua Energy Co Ltd , the top Chinese coal miner, will not consider buying any major overseas mines before it starts operating the Watermark ...
Friday, 12 June 09
CHINA TOP POWER COS SIGN REGIONAL COAL DEALS - REUTERS
China's top five power generating groups have signed 2009 coal supply contracts with miners in Guizhou and Xinjiang, with prices up 4 percent on th ...
Friday, 12 June 09
MERCATOR LINES TARGETS 30 MILLION TONNE FROM MOZAMBIQUE COAL MINE - STEEL GURU
India’s second largest private shipping company Mercator Lines has targeted production of 30 million tonnes of coal from its Mozambique mine o ...
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- Ministry of Transport, Egypt
- Petron Corporation, Philippines
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- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Trasteel International SA, Italy
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- Australian Coal Association
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- Tata Chemicals Ltd - India
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- Planning Commission, India
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- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
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- Independent Power Producers Association of India
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- Power Finance Corporation Ltd., India
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- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
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- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
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- Maharashtra Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
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- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
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- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Latin American Coal - Colombia
- White Energy Company Limited
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- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
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- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
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- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
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- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Ministry of Mines - Canada
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