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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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Wednesday, 30 July 14
CAPES SEEMED TO BE STRANDED AT THE SAME LEVELS; PANAMAXES MANAGED TO SLIGHTLY REVIVE - INTERMODAL
COALspot.com: The Dry Bulk market took a breath this past week, as both Panamaxes and Supras started to see a small influx of activity, which was j ...
Tuesday, 29 July 14
TOTAL SELLS ITS SOUTH AFRICAN COAL MINING ASSETS TO EXXARO
Total has signed an agreement with Exxaro Resources Ltd for the sale of its 100% stake in Total Coal South Africa (TCSA), its coal-producing affili ...
Tuesday, 29 July 14
GENCO: DRY BULK SHIPPING VALUATIONS NO LONGER ANCHORED TO DISCOUNTED CASH FLOW METHOD - WEIL
KNOWLEDGE TO ELEVATE
Discounted cash flow analysis is a mainstay among the valuation methodologies used by restructuring professionals and bank ...
Tuesday, 29 July 14
SHIP OWNERS' DEMAND OF NEW VESSELS DENTED AS A RESULT OF LOWER FREIGHT RATES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The sharp downward direction of dry bulk freight rates has had a negative impact on investors’ secondhand buying appetite that wait to see th ...
Monday, 28 July 14
Q3' 14, SUB-BIT FOB INDONESIA COAL SWAP GAINED $ 0.08 DAY ON DAY AND $ 0.68 WEEK ON WEEK
COALspot.com: Indonesian coal swaps for average Q3’ 2014 increased by just US$ 0.08 day on day and US$ 0.68 week on week. The swap was lost U ...
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- IHS Mccloskey Coal Group - USA
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- Gujarat Sidhee Cement - India
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- Pipit Mutiara Jaya. PT, Indonesia
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- Bangladesh Power Developement Board
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- Sinarmas Energy and Mining - Indonesia
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- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
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- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
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- Romanian Commodities Exchange
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- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
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- IEA Clean Coal Centre - UK
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
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- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
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- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
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- Banpu Public Company Limited - Thailand
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
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- Chamber of Mines of South Africa
- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Deloitte Consulting - India
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Rio Tinto Coal - Australia
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
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- Standard Chartered Bank - UAE
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- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Borneo Indobara - Indonesia
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Indogreen Group - Indonesia
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- ASAPP Information Group - India
- Wilmar Investment Holdings
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- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Sree Jayajothi Cements Limited - India
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- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
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