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Thursday, 04 September 14
PUNJAB STATE POWER CORPORATION LIMITED OF INDIA HAS DECIDED TO BUY IMPORTED COAL - HINDUSTAN TIMES
 COALspot.com: The Punjab State Power Corporation Limited (PSPCL) has decided to buy imported coal to run its thermal plants, as reported by Hindustan Times.
The Hindustan Times further reported, the coal supplier, Panem, had curtailed the supplies while demanding an increased price, forcing to Power Corporation to resort to load-shedding.
The move will burden the consumers by Rs. 500 crore to Rs. 700 crore (approximately US$ 82,706,150 to US$ 115,788,610) as the imported coal is costlier. The cost of fuel variation is always passed on to consumer by imposing fuel surcharge.
The memorandum put in the board of directors (BoD) admits the decision will increase the cost of generating electricity, the paper said.
Instead of resolving the matter with Panem, a case was put up before the BoD of the PSPCL to buy imported coal and it was approved.
According to Hindustan Times, the PSPCL has taken the decision despite knowing well that the former Punjab State Electricity Board had a bitter experience as it had discontinued the import of coal supplies in 2006.
According to the memorandum, the PSPCL BoD has approved buying of 1.2 million metric tonne of coal costing Rs. 9,300 (approximately US$ 153.83) per metric tonne with an overall cost of Rs. 1,100 crore (approximately US$ 181,953,530). The imported coal will have 6,300 Kcal (per kg) gross calorific value (GCV). It’s higher than the coal being used by the PSPCL at present, which has 4,000 Kcal (per kg) and costs Rs. 3,700 (approximately US$ 61.20) per metric tonne.
The coal is almost two times costlier when we compare it with the GCV, but we have to bite the bullet to check the blackmailing by the Indian coal supplier, said a BOD member, adding that ultimately it was the consumer who would suffer.
The decision will have technical ramifications as the PSPCL plants run on coal having up to 4,000 kcal/kg of coal. Thus, the PSPCL has to blend the imported coal with Indian coal to adjust its calorific value. “The PSPCL will blend the Indian coal and the imported coal in the ratio of 82 and 18 to run the plants,” a BOD member said, adding that it would increase the power generation cost by 50 to 60 paise (approximately US$ 0.01) per unit, which would be borne by the consumer, the paper further said.
Panem has curtailed supplies to the PSPCL by 50 percent this year, leading to a coal crisis.
The Hindustan Times further said, Panem holds the contract for operating the PSPCL’s captive coal mine in Jharkhand. The company has already invoked arbitration proceedings against the PSPCL, demanding higher coal rates.
However, the decision to import coal has to be cleared by the power regulator.
The PSPCL will move the Punjab State Power Regulatory Commission in the coming days, to get the nod for buying imported coal, said Hindustan Times.
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Friday, 05 September 14
U.S. PRODUCED 19.2 MMST OF COAL LAST WEEK
COALspot.com – United States the world's second largest coal producer, produced approximately 19.20 million short tons (mmst) of coal in ...
Thursday, 04 September 14
INDONESIAN COAL MINERS MAY GET MORE TIME ON ROYALTIES - FITCH RATINGS
COALspot.com: Fitch Ratings says that coal miners in Indonesia are likely to get more time to repay the government the royalties that were set off ...
Thursday, 04 September 14
INDONESIAN COAL SWAPS SLIDE THIS PAST WEEK
COALspot.com: Indonesian coal swaps for average October 2014 decreased US$ 0.90 (-1.68%) day on day and US$ 1.80 (-3.31%) per mt week on week. The ...
Thursday, 04 September 14
CAPESIZE : SENTIMENT REMAINS POSITIVE FOR Q3/Q4 - FEARNRESEARCH
Handy
The Atlantic market has experienced more activity this week. Rates for TA´s are up about 8% w-o-w, much lead by an increasing number ...
Wednesday, 03 September 14
KOREA MIDLAND POWER CO. LTD INVITES BIDS FOR 1 MMT OF BITUMINOUS & SUB-BITUMINOUS COAL FOR BORYEONG POWER PLANT
COALspot.com: KOMIPO again in the market for 1 million tons of 5700 NAR and 4600 NAR coal for Jan – March 2015. South Korean state-owned util ...
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- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
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- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Makarim & Taira - Indonesia
- Wood Mackenzie - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Posco Energy - South Korea
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
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- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
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- Karbindo Abesyapradhi - Indoneisa
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- Simpson Spence & Young - Indonesia
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
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- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
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- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
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- Orica Australia Pty. Ltd.
- Planning Commission, India
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- Xindia Steels Limited - India
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- ASAPP Information Group - India
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Australian Coal Association
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Economic Council, Georgia
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- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- The University of Queensland
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Vedanta Resources Plc - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
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- Wilmar Investment Holdings
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
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- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
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