We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Friday, 17 July 09
INDIA COAL TRADERS MUST OWN POWER, MINES - C&O BOSS
 · Coal traders need to diversify to grow
· Coastal Energen to build first merchant power plant
· Tamil Nadu to see strong power demand growth
INTERVIEW - by Reuters: Coal traders in India need to diversify into power generation and mining to succeed in an increasingly competitive business, Ahmed Buhari, founder president of Dubai-based traders Coal & Oil (C&O), said. C&O, which is seeking mines to buy, aims to gain an edge over competitors by building a coal-fired power plant in Tamil Nadu in southern India, Buhari said.
Its associate company Coastal Energen earlier this month finalised $800 million of financing, mostly from the State Bank of India, to build a 1,200 MW coal-fired plant at Tuticorin. The project is for a merchant power plant. These have no single sales contract for the term of the project debt and have to sell power as a commodity as well as via offtake agreements.
"This is the first power plant in India to get financing for a merchant plant model," Buhari told Reuters in an interview on Wednesday.
"Raising that level of financing for a merchant plant was not an easy thing to do in these times when credit is tough. But the banks were satisfied," he said.
"C&O will no longer be just a trader but an integrated and diverse energy supplier. That's our strategy. It's no longer enough to merely trade coal," Buhari said.
 C&O, founded by Buhari in 1998, is one of the key players in coal supply to the subcontinent. The company sells over 6 million tonnes of imported coal a year and has supply agreements with major producers in Indonesia, South Africa and Australia.
Privately-owned C&O's 2008 turnover was $500 million. India's coal imports have grown rapidly from almost nothing five years ago to a projected 70 million tonnes in the next fiscal year. Imports will continue to rise fast over the next 10-15 years because domestic supply cannot meet demand.
A few large traders dominate imports but competition is intensifying.
"The game is now changing in India," he said. "The state electricity boards, independent power producers, the big listed consumers, are looking for solid, stable suppliers of coal. Diversifying into generation strengthens our company and draws upon our years of expertise in fuel supply," he said.
Risks facing coal suppliers and consumers are much higher now, he said.
EASY ACCESS FOR INDONESIAN COAL
Tuticorin was an obvious site for a coal-fired plant designed to use low-quality Indonesian coal, Buhari said.
"At C&O we're all from Tamil Nadu. We're sons of the soil."
The plant's proximity to Tuticorin port makes it easy to bring in coal from Indonesia. There is easy access to the grid and a good choice of available land, he said.
India's two major areas of power growth are the Western states such as Punjab, Rajasthan, Maharashtra and Gujarat and in the South, Tamil Nadu, Kerala, Karnataka and Andhra Pradesh. Per capita power consumption in the south is low -- below that of China, he said, but with great potential to grow.
"Tamil Nadu is also the automotive hub of India. It's the Detroit of the South.
We have Hyundai, Ford, already there and many others are relocating to the south," he said. The information technology industry, steel, textiles and others also see the advantages of relocating there.
For example, Karnataka has large iron ore reserves, he said. Industrial growth in the region requires more power. At least 30,000 MW of generation capacity needs to be added in South India over the next five years, he said.
Coastal Energen has offtake agreements already. Tata Power will take most of the power, 25 percent will go to the state government, some to neighbouring states such as Kerala.
The plant can be expanded from 1,200 MW to 3,600-4,000 MW.
The company aims to sign "cap and collar" supply deals with Indonesian producers, he said. These set a minimum and maximum price, which offer some protection from price volatility.
Chinese boiler manufacturer Harbin Boiler Co Ltd will deliver the plant boilers within 22 months. Generation will start in three years.
Source: Reuters (Reporting by Jackie Cowhig, editing by Anthony Barker)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 28 September 09
INDONESIA UNLIKELY TO PASS NEW MINING RULES IN 2009
Reuters reported that, Indonesia is unlikely to complete final regulations attached to a new mining and coal law this year, an official said on Mond ...
Monday, 28 September 09
TATA POWER SCOUTS FOR COAL BLOCKS ABROAD
Business Standard reported that, private power producer Tata Power is scouting for coal mines abroad, including Australia and Mozambique, to meet de ...
Saturday, 26 September 09
THE INDIA / FAR EAST SEEMS WILL BE FIRM NEXT WEEK - VISTAAR
COALspot.com (Singapore): The dry bulk market was soft this week and the BDI dropped by almost 7 pct to 2,183 points. The cape size index dropped by ...
Saturday, 26 September 09
GSECL PLANS TO PROCURE 15 LAKH (1.5 MILLION) MT OF IMPORTED COAL
Business Standard reported that, State-run power generation company, Gujarat State Electricity Corporation Ltd (GSECL) intends to procure 15 lakh (1 ...
Saturday, 26 September 09
SAIL TO SET UP TWO SLAG-BASED CEMENT MANUFACTURING UNITS
Rediff Business reported that, Government-owned Steel Authority of India Ltd, the country's largest steel producer, is looking to set up two greenf ...
|
|
|
Showing 6391 to 6395 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Ceylon Electricity Board - Sri Lanka
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- Parliament of New Zealand
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Thiess Contractors Indonesia
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Latin American Coal - Colombia
- PTC India Limited - India
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- Australian Coal Association
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Parry Sugars Refinery, India
- Energy Development Corp, Philippines
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- The University of Queensland
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
|
| |
| |
|
