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Thursday, 23 July 09
POWER INVESTORS TURN BACKS ON VIETNAMESE COAL IMPORTERS
 VietNamNet Bridge reported that, Investors of power plants always seek foreign coal sources to import themselves, believing they can come by it cheaper than Vietnamese coal importers.
The Vietnam Coal and Mineral Industries Group (Vinacomin) has been assigned by the Government to serve as the main importer of coal to provide to thermopower plants to be built. The group has also got a contract on coal providing under which Vietnam can import 3.5 million tonnes a year. However, Vinacomin has not gone any farther in importing coal because no power investor has shown an interest in using its imported coal.
Deputy General Director of Vinacomin Nguyen Chien Thang said that no domestic power investor has contacted Vinacomin in the last year on the import of coal to run the thermopower plants they plan to build. Therefore, the frame agreement Vinacomin signed with PT Berau Indonesia and Maintime Hong Kong which is valid for 10 years has not gone any further since no consumption outlet has been found.
Of course, Vinacomin does not want to import coal for use at power plants it is developing. Imported coal is often two-fold more expensive than domestic coal.
EVN, another big power investor, also does not intend to use coal imports in the power plants it builds. EVN wants to use domestically sourced coal because of the reasonable prices, even for the power plants in the south. Meanwhile, coal is exploited in the north only, and it is costly to carry coal to the south.
The Ministry of Industry and Trade has suggested that EVN use imported coal for running Duyen Hai 1 power plant in Tra Vinh province instead of the previously set plan on using 100 percent domestic coal. However, EVN did not agree to this, citing the reason that the change in the coal source would force EVN to amend the bidding invitation, while the bidding invitation will go out in one month. However, it is said that the actual reason behind the refusal is that EVN wants to use cheaper coal.
Nguyen Van Thanh, Deputy General Director of EVN, said that EVN has tried itself to seek coal sources to import, but it has not signed any contract.|
Of course, not only EVN, many other power investors have also been trying to look for coal sources to import to run their power plants. The Vietnam National Oil and Gas Group (PetroVietnam), which plans to build a series of thermopower plants, namely Long Phu (in Soc Trang province), Song Hau (Hau Giang) and Quang Trach (Quang Binh), has also set up a company of its own, specialising in coal import-export to provide coal for power plants.
Private investors, who have investment projects in the power sector, such as Tan Tao Group and Saigon Investment Group, each have specific plans regarding coal sources. Foreign-invested power projects are also trying to come up with coal themselves.
To date, Formosa thermopower plant in Nhon Trach Industrial Zone is the only project that uses 100 percent imported coal and has been operational with the electricity sale prices calculated in accordance with the coal price in Australia. However, this is a special case.
Thang said that importing coal to run power plants proves to be unavoidable in the future. In order to develop all the thermopower plants named in the power plant development programme, it is estimated that Vietnam will lack 9.2 million tonnes of coal by 2013 and 25 million tonnes by 2015.
Source: VietNamNet
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Tuesday, 21 July 09
FIRST QUARTER COAL MARKET AND EURACOAL'S OUTLOOK FOR THE FUTURE
Euracoal reports that for the first time in many years, the world market for hard coal fell by some 8 % during the first quarter 2009. This latest E ...
Monday, 20 July 09
CHINAS COAL DEMAND, OUTPUT TO PICK UP IN H2 - GROUP 2
Financial24 reported that, China's coal demand is expected to gradually pick up in the second half of the year, and coal output will likely grow fa ...
Monday, 20 July 09
ADANI POWER LAUNCHES IPO, AIMS HIGHER CAPACITY
Economic Times reported that, Adani Power Ltd, a power project development company, promoted by Adani Enterprise went for an initial public offering ...
Monday, 20 July 09
BANPU'S SECOND-HALF PROFIT MAY DROP ON COAL PRICES
Bloomberg Reported that, Banpu Pcl, Thailand’s biggest coal producer, expects profit to decline in the second half from the first six months a ...
Monday, 20 July 09
CHINA COAL PRODUCES 52.7 MLN TONNES OF COAL IN 1H, UP 5.4 PCT
China Mining reported that, China Coal Energy Co., the country's second largest coal producer, said Saturday that it produced 52.67 million tonnes ...
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- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
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- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- Eastern Coal Council - USA
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
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- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
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- Neyveli Lignite Corporation Ltd, - India
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- India Bulls Power Limited - India
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- IHS Mccloskey Coal Group - USA
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- Bangladesh Power Developement Board
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- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
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- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
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- Cement Manufacturers Association - India
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- Indika Energy - Indonesia
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- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
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- London Commodity Brokers - England
- Wilmar Investment Holdings
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- Antam Resourcindo - Indonesia
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- Dalmia Cement Bharat India
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- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
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- Electricity Authority, New Zealand
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- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- PowerSource Philippines DevCo
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
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- Independent Power Producers Association of India
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- Central Electricity Authority - India
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- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
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- White Energy Company Limited
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- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
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- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
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- PetroVietnam Power Coal Import and Supply Company
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
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- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
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- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Finance - Indonesia
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- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- CNBM International Corporation - China
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- SMC Global Power, Philippines
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- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
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- Meralco Power Generation, Philippines
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