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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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Thursday, 16 July 09
JAPAN'S J - POWER STARTS OPS AT NEW 600 MW COAL UNIT
Reuters, a worlds leading news agency reported that, Electric Power Development Co (J-Power) said on Thursday it started commercial operations at it ...
Thursday, 16 July 09
DELIVERY OF COAL MINE EXPLORATION THROUGH NEWCASTLE PORT ROSE 11 PERCENT
July 16th, 2009 Newcastle is a port in Australia that provides services in the delivery of coal from Australia to other countries. Newcastle port ha ...
Thursday, 16 July 09
CIL KEEN ON JOINT VENTURES
* Targets to raise production by 10 m tonnes by 2012
* Plans to tap reserves of abandoned mines
The Hindu, an Indian news paper reported that, t ...
Wednesday, 15 July 09
COAL INDIA INVITES EOI FOR COAL MINING IN FOREIGN COUNTRIES
Economict Tmes reported that, Coal India, a leading PSU with a status of Navratna, today, invited Expression of Interest for selection of strategic ...
Wednesday, 15 July 09
BANGLADESH TO IMPORT COAL FROM INDIA FOR 1 MORE YR
Bangladesh has decided to import coal from neighbour India for another year to save foreign exchange and time, a commerce ministry official said on ...
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- Asmin Koalindo Tuhup - Indonesia
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- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
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- Alfred C Toepfer International GmbH - Germany
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- OPG Power Generation Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- PTC India Limited - India
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- Meralco Power Generation, Philippines
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Ministry of Transport, Egypt
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- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- MS Steel International - UAE
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- Minerals Council of Australia
- Samtan Co., Ltd - South Korea
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- The Treasury - Australian Government
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