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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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Tuesday, 07 July 09
Q+A - INDONESIA MINING SECTOR FACES ELECTION RISKS - REUTERS
Indonesia has struggled to lure foreign investment to its mining sector in recent years, and the nationalist line on resource exploitation taken by ...
Tuesday, 07 July 09
INDIKA ENERGY COMPLETES THE ACQUISITION OF PETROSEA
TAMBANG reported that, PT Indika Energy, Tbk has officially announced that it has completed the acquisition of PT Petrosea, Tbk. from Clough Interna ...
Tuesday, 07 July 09
RUSSIAN AUDITORS ATTACK COAL EXPORTERS OVER PRICING
Russia's budget is losing substantial revenues because the country's exporters ship coal overseas at artificially low prices through various offsh ...
Tuesday, 07 July 09
RBCT COAL EXPORTS TO REMAIN BELOW CAPACITY IN 2009
Coal volumes railed to South Africa’s Richards Bay Coal Terminal are continuing to fall far short of the corridor’s nameplate yearly cap ...
Tuesday, 07 July 09
TATA POWER AID THE INDONESIAN COAL MINES
BL reported that Mr Prasad Menon MD of TATA Power aid the Indonesian coal mines PT Kaltim Prima Coal and PT Arutmin Indonesia in which TATA Power ha ...
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- Kepco SPC Power Corporation, Philippines
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- Baramulti Group, Indonesia
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- Salva Resources Pvt Ltd - India
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- Africa Commodities Group - South Africa
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- PetroVietnam Power Coal Import and Supply Company
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- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
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- Sical Logistics Limited - India
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- Anglo American - United Kingdom
- New Zealand Coal & Carbon
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
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- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
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- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- Wilmar Investment Holdings
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- Global Coal Blending Company Limited - Australia
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- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
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- Directorate General of MIneral and Coal - Indonesia
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- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- Videocon Industries ltd - India
- Aditya Birla Group - India
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- Madhucon Powers Ltd - India
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- Singapore Mercantile Exchange
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Trasteel International SA, Italy
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- Independent Power Producers Association of India
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- Australian Commodity Traders Exchange
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- Planning Commission, India
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- Therma Luzon, Inc, Philippines
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