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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, 07 August 09
BALTIC DRY INDEX HAS WORST WEEK SINCE OCTOBER AS DEMAND SLOWS
Bloomberg reported that, The Baltic Dry Index, a measure of shipping costs for commodities, had its worst week since October as Chinese demand for s ...
Friday, 07 August 09
COAL-PRICE FORECAST RAISED AT MERRILL ON CHINA, INDIA DEMAND
Bloomberg reported that, Bank of America Corp.’s Merrill Lynch & Co. unit increased its price forecast for Asian power-station coal becaus ...
Friday, 07 August 09
CHINESE DEMAND FOR FOREIGN COAL SOARS
Mining Weekly reported that, Chinese coal imports rocketed by 126,3%, year-on-year, in the first half of this year, the country’s customs auth ...
Thursday, 06 August 09
RICHARDS BAY COAL SHIPMENTS FELL 3% ON YEAR IN JULY
Bloomberg reported that, Richards Bay Coal Terminal, Africa’s largest coal-export facility, exported 3 percent less of the fuel in July than i ...
Thursday, 06 August 09
NTPC LOOKS TO BYPASS STATE TRADING FIRMS ON COAL IMPORT
A reduced coal import bill for NTPC could lead to lower power tariffs
Live mint.com reported that, India’s largest power generation utility ...
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- Australian Coal Association
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- Economic Council, Georgia
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- New Zealand Coal & Carbon
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- SMC Global Power, Philippines
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- Siam City Cement - Thailand
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- IEA Clean Coal Centre - UK
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- Maheswari Brothers Coal Limited - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Aboitiz Power Corporation - Philippines
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- SMG Consultants - Indonesia
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- Kartika Selabumi Mining - Indonesia
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- Directorate General of MIneral and Coal - Indonesia
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- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
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- Merrill Lynch Commodities Europe
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- The University of Queensland
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- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
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- Parliament of New Zealand
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- Marubeni Corporation - India
- Central Electricity Authority - India
- Wilmar Investment Holdings
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- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- PNOC Exploration Corporation - Philippines
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- Heidelberg Cement - Germany
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- Eastern Coal Council - USA
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- Chamber of Mines of South Africa
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