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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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Thursday, 23 July 09
COAL IMPORTS SURGE; EXPORTS DOWN IN H1
China Trade Information reported that, China’s coal imports surged by 126.3 percent year-on-year in the first half of 2009, reaching 48.3 mill ...
Thursday, 23 July 09
SRI LANKA CALLS FOR COAL SUPPLY BIDS
Daily Mirro reported that, In a move to install the country’s first coal power plant, Sri Lanka has invited bids to supply 2.4 million metric ...
Thursday, 23 July 09
POWER INVESTORS TURN BACKS ON VIETNAMESE COAL IMPORTERS
VietNamNet Bridge reported that, Investors of power plants always seek foreign coal sources to import themselves, believing they can come by it chea ...
Wednesday, 22 July 09
BERAU COAL DRAWS LOCAL, CHINESE BIDS - SOURCES
* Indonesian coal firm draws local, Chinese bids-sources
* Deal could value Berau at more than $1 billion-sources
Reuters reported that, China' ...
Wednesday, 22 July 09
ONE TENDERS FOR 114,000 MT FOR NOV-JAN
Moroccan state-owned power utility Office National de l’Electricité (ONE) has launched a tender for three handymax shipments of coal fo ...
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