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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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Monday, 20 July 09
INDONESIA PRODUCES 72 MILLION MT IN FIRST HALF OF YEAR: OFFICIAL
Indonesia produced 72 million mt of coal in the first half of 2009, or 31.3% of the government’s target this year, a senior government officia ...
Sunday, 19 July 09
JINDAL S&P IN TALKS TO BUY SA COAL MINE FOR RS 350-400 CR (US$ 80 - 90 MILLION)
Economic Times reported that, Naveen Jindal-led Jindal Steel & Power (JSPL) is acquiring a thermal coal mine in South Africa, a top company exec ...
Saturday, 18 July 09
REN POWER CZ COMMISSIONS ANOTHER PHOTOVOLTAIC POWER STATION
COALspot.com (Press Release): REN Power CZ, a company in the Czech Coal Group, has put into operation another photovoltaic power station. The plant ...
Saturday, 18 July 09
THE FUTURE FOR SUPRAMAX FOR NEXT 3 YEARS TILL 2012 WOULD BE AROUND US$ 13,500 PER DAY - CAPT. REDDY
COALspot.com ( Singapore): The market moved up sharply this week , which was quite unexpected.
The BDI was up by 557 which is an increase of 18 ...
Friday, 17 July 09
CHINA COAL-SPOT PRICES EDGE LOWER, SUPPLY APLENTY
China Mining reported that, spot prices in China's top coal shipping port Qinhuangdao edged lower from a week earlier, as supply grew, offsetting t ...
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- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- OPG Power Generation Pvt Ltd - India
- Ministry of Mines - Canada
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Borneo Indobara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- The University of Queensland
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- Chamber of Mines of South Africa
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
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