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Saturday, 01 August 09
APGENCO SAYS BOUGHT 500,000T MALAYSIAN COAL
 The Malaysian Insider reported that, Indian state utility Andhra Pradesh Power Generation Corporation Ltd (Apgenco) has bought 500,000 tonnes of Malaysian coal for delivery in August-October following a tender issued early in July, it said today.
Apgenco has paid 5,500 rupees (RM403) per tonne for the coal, which will be supplied by state trading entities.
“The Malaysian coal is fully within our parameters stated for quality, for energy content, ash, etc.,” an Apgenco official said, but declined to specify what those quality parameters were.
Apgenco suppliers include state trading entities MSTC and State Trading Corporation of India Ltd (STC), he said.
Apgenco had been expected to take low energy content Indonesian coal.
Around 200,000 tonnes will be delivered in August, 200,000 tonnes in September and 100,000 tonnes in October, he said.
Under Apgenco’s terms, the coal will be delivered direct to its power plants.
Apgenco decided to buy only through state trading entities rather than private traders and to run this tender with the maximum transparency and fairness, an Apgenco official said.
“We have changed our terms deliberately to have better, more fair conditions for the tender,” he said.
Several Indian state utilities have been strongly criticised for having coal tender terms which prevent fair and open competition among suppliers.
State trading entity MMTC, which buys for the majority of state power plants, has put a recent 12.5 million tonne tender on hold and may re-tender.
MMTC is awaiting guidance from the Commerce Minister, MMTC Chairman Sanjiv Batra said earlier this month. — Reuters
Source: The Malaysian Insider
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Friday, 14 August 09
GUACOLDA STARTS THIRD COAL-FIRED UNIT
Macorship reported that, Chile’s Empresa Electrica Guacolda said that the third unit at its Guacolda coal-fired power plant began supplying po ...
Thursday, 13 August 09
RIO PREPARES COAL IPO AFTER FAILING TO FIND BUYER
Bloomberg reported that, Rio Tinto Group, the world’s third- largest mining company, is preparing an initial public offering for its U.S. ...
Thursday, 13 August 09
NOBLE'S PROFIT DOUBLES ON GLOUCESTER COAL ACQUISITION
Bloomberg reported that, Noble Group Ltd., a Hong Kong-based supplier of raw materials from soybeans to coal, said second- quarter profit more than ...
Thursday, 13 August 09
CHINA COAL-PRICES UNCHANGED, BUT LIKELY TO MOVE HIGHER
Alibaba reported that, Spot coal prices in China's top coal port Qinhuangdao were unchanged from a week earlier, but are still looking bullish in t ...
Thursday, 13 August 09
INDONESIA'S BERAU COAL SEES 2010 OUTPUT UP 16 PCT
Reuters reported that, Indonesia's fifth-largest coal miner, PT Berau Coal, expects 2010 production to be nearly 16 percent higher than this year, ...
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