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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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Saturday, 25 July 09
HUANENG EYES MAJORITY STAKE IN PT BERAU COAL
CCTV reported that, China's largest publicly traded power company has submitted a bid for controlling stake in Indonesia's fifth largest coal mine ...
Saturday, 25 July 09
ADANI POWER TO IMPORT COAL FOR MUNDRA PLANT
BL reported that more than 50% of the coal requirement for Adani Power’s 4,620 MW Mundra plant will have to be imported from Indonesia though ...
Friday, 24 July 09
INDONESIAN COAL NEWS - UPDATE
Income from tax slow
Since the economic crisis in October 2008 until now, tax from the general mining sector is slow. According to the Director Gene ...
Friday, 24 July 09
S.AFRICA JAN-JUNE EXPORTS TO ASIA AROUND 1.4 MLN T
* China takes 140-150,000 tonnes
* S.Korea imports zero
* Hong Kong utilites buy S.African coal
South African coal exports to Asia excluding India a ...
Friday, 24 July 09
BIG ADARO SHAREHOLDERS CREATE HOLDING COMPANY
The nation’s second-largest coal producer, PT Adaro Energy, said on Thursday that five key shareholders had merged their holdings in the compan ...
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- Indian Oil Corporation Limited
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- Minerals Council of Australia
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