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Sunday, 05 January 14
CENTRAL BUREAU OF INVESTIGATION OF INDIA REGISTERS CASES IN CONNECTION WITH ALLEGED SUPPLY OF LOW QUALITY INDONESIAN COAL BY A PRIVATE COMPANY TO NTPC & NSPCL
 COALspot.com: The Central Bureau of Investigation of India has registered two cases regarding alleged supply of low quality imported Indonesian coal by a private company to different power plants of National Thermal Power Corporation(NTPC) and NTPC-SAIL Power Corporation Ltd.(NSPCL) respectively in conspiracy with certain officials of the concerned power plants.
According to CBI’s press release, the first case has been registered against Addl. G.M, Head of NTPC Power Plant Lab, Unchahar; Dy. Manager, NTPC Power plant Lab, Unchahar, Indore based coal trading private company, Singapore based coal trading company, East Jakarta, (Indonesia) based independent coal testing company, Kolkata based coal testing private company and Chemist of Kolkata based coal testing private company and Unknown others.
CBI, further said that, It is alleged that the accused persons during the period 2011-13 entered into criminal conspiracy with an intention to cheat NTPC. In pursuance of the said criminal conspiracy, inferior quality non-cooking coal of Indonesian origin, shown to be of good quality on papers, was purchased from Indonesia by Singapore based coal trading company, overseas supplier and sister concern of Indore based group of companies. Thereafter, the said inferior quality coal was brought to India in different vessels, vide different Bill of Entries, having gross calorific value, far less than technical specifications of the agreement and thus liable to be rejected, and was supplied to NTPC power plant at Unchahar, which has resulted in a wrongful loss of approximately US$ 3,720,922 ( Rs. 231,638,574/- approximately.)
The second case has been registered against Sr. Manager, Head of NSPCL Power Plant Lab, Bhilai, a Chemist, NSPCL Power Plant Lab, Bhilai, Indore based private coal trading company, Singapore based coal trading company, Mumbai based private Laboratories, Branch Head & other Asst. Manager (Marketing) both of Mumbai based private Laboratories and Unknown others.
CBI’s press release further says, It is alleged that the accused persons during the period 2011-13 entered into criminal conspiracy with an intention to cheat NSPCL, Bhilai Power Plant. In pursuance of the said criminal conspiracy, inferior quality non-cooking coal of Indonesian origin , shown to be of good quality on papers, was purchased from Indonesia by Singapore based company, overseas supplier and sister concern of Indore based group of companies. Thereafter the said inferior quality coal was brought to India in different vessels , vide different Bill of Entries , having gross calorific value, far less than technical specifications of the agreement and thus liable to be rejected, and was supplied to NSPCL, Bhilai Power Plant, which has resulted in a wrongful loss of approximately US$ 14,925,474 ( Rs 929,155,588/- approximately.)
Searches were conducted at office & residential premises of Addl. GM & Dy. Manager, both of NTPC Unchahar Distt,. Raibareily ; Sr. Manager & Chemist, both of NSPCL, Bhilai apart from various premises of a private company based at Indore and private laboratories based at Mumbai, Kolkata, Gandhidham & Jamnagar. Incriminating documents recovered during the searches are being scrutinized.
CBI says further investigation is continuing.
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Monday, 03 February 14
SUB-BIT INDONESIA COAL SWAP GAINED WEEK ON WEEK
COALspot.com – Swaps prices gained for thermal coal loading from Indonesia, the world’s largest exporter of the fuel, according SGX.
...
Monday, 03 February 14
API 8 CFR SOUTH CHINA COAL SWAP CONTRACTS FALL
COALspot.com: API 8 CFR South China Coal swaps for average Q1 14 delivery lost 4.71 percent month on month and closed at US$ 78.87 per mt as on Frid ...
Monday, 03 February 14
COAL FREIGHT RATES REMAIN UNDER PRESSURE
COALspot.com: The BDI is fell 50 pct over last one month which seems to be one of the lowest fall in last few years.
The BDI was down by 11 ...
Friday, 31 January 14
U.S. COAL PRODUCTION TOTALED APPROXIMATELY 19.2 MMST W-O-W
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.2 million short tons (mmst) of coal in ...
Friday, 31 January 14
DRY BULK MARKET STILL ON A FALL, EXPECTED TO WORSEN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market is definitely in the doldrums since the start of the year, in what could only be described as a "lost" month for indus ...
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- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Orica Mining Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Bukit Baiduri Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Economic Council, Georgia
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- Planning Commission, India
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Bhoruka Overseas - Indonesia
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Australian Coal Association
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Meralco Power Generation, Philippines
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
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