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Friday, 21 August 09
HUANENG YIMIN TO HIKE COAL OUTPUT
China Daily, the largest English portal in China reported that, China's first large coal-electricity joint project, Huaneng Yimin Coal Electricity Corp aims to increase its annual coal output to 20 million tons this year.
The company, a subsidiary located in Hulunbuir, Inner Mongolia autonomous region under China's leading power generator Huaneng Group, now has an installed capacity of 2,200 mW. It currently can produce 15 million tons of coal each year.
"Using coal all produced by ourselves, we have reduced our cost a lot," said Yin Long, general manager of Huaneng Yimin.
The company also sells some amount of coal to other power companies. It is also planning for its own coal-to-gas and coal-to-chemical projects to further diversify its business portfolio, said Yin.
Rising coal prices have always been a headache for China's power generators. Last year because of the sharp rise in coal prices major power companies all incurred losses in their power generation business.
Coal-fired power accounts for over 70 percent of China's total power generation. The country's main power companies have all accelerated their development of coal mine projects.
For instance, Datang International Power Generation Co, the listed arm of China Datang Corp, earlier said it aims to get 50 percent of its profit from sources other than electricity in the next decade, including fuel production.
Projects such as coal and coal-to-chemicals production may account for half of the company's profit by 2015, Cao Jingshan, president of the country's second-largest power producer, told reporters earlier this month.
Some analysts believe that development of more coal-power joint projects is an inevitable trend in the industry. "With a foothold in coal production, the upstream of power generation business, companies can reduce their risks," said Li Chaolin, coal analyst.
"With more coal mine assets in hand, power companies can have a stronger say when they bargain with coal producers for prices," he said.
China's five major power companies have all quickened their pace in taking coal mine assets in northwestern China, especially in Inner Mongolia and Xinjiang Uygur autonomous regions, he added.
However, some analysts said this could lead to an overcapacity in the power industry.
"In some areas there has already been an overcapacity in power generation. I am worried more such projects will make the situation worse," said an industry insider who declined to be named.
China's power consumption in July rose 6 percent to 342 billion kWh over the same month of last year, said China's National Energy Administration (NEA). The figure was 10.9 percent more than that of June, NEA said.
China's coal production continued to ease in the first half of this year on flat domestic demand amid the economic slowdown.
Crude coal output increased 8.7 percent year-on-year to 1.36 billion tons in the first six months, but 6.1 percentage points lower than the same period a year ago, data released by the National Development and Reform Commission has shown.
Source: China Daily
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Wednesday, 12 August 09
COAL INDIA TO IMPORT 4 MLN T 2009/10 - MEDIA
State-run Coal India Ltd plans to directly import 4 million tonnes of coal in the current fiscal year to March 2010, Chairman Partha Bhattacharyya s ...
Wednesday, 12 August 09
CHINA'S LARGEST COAL PRODUCER TO SET UP COAL RESERVES
China's National Development and Reform Commission has commissioned China Shenhua Energy Co., the nation's largest coal producer, to build 10 stor ...
Wednesday, 12 August 09
NALCO SMELTER CONSTRUCTION MAY FACE DELAY
The Jakarta Post reported that, India’s state-run National Aluminum Company (Nalco) may postpone the construction of an aluminum smelter in In ...
Wednesday, 12 August 09
COAL MINE PLAN SHOT DOWN OVER GREEN CONCERNS
The Times of India reported that, In a major setback to Adani Powers, the principal chief conservator of forests (PCCF) has rejected its proposal fo ...
Tuesday, 11 August 09
INDONESIA'S COAL EXPORTS TO INDIA WILL BE EXEMPTED FROM DUTIES STARTING JANUARY 1, 2013 - BERITA SORE
Berita sore reported that, ASEAN is scheduled to sign a long-awaited Free Trade Agreement (FTA) with India in Bangkok on Thursday aimed at boosting ...
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- Indika Energy - Indonesia
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- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
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- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- Minerals Council of Australia
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- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
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- Independent Power Producers Association of India
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- Electricity Authority, New Zealand
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- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
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- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
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- Planning Commission, India
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- ICICI Bank Limited - India
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- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- The University of Queensland
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- Maharashtra Electricity Regulatory Commission - India
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- Commonwealth Bank - Australia
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- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
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- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Australian Coal Association
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- Uttam Galva Steels Limited - India
- Indian Oil Corporation Limited
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- New Zealand Coal & Carbon
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- Merrill Lynch Commodities Europe
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- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
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- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
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- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
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- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
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- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
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- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
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- Parliament of New Zealand
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- Bhatia International Limited - India
- Ambuja Cements Ltd - India
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- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
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- Jorong Barutama Greston.PT - Indonesia
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- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
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- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- Bukit Baiduri Energy - Indonesia
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- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- Globalindo Alam Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
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- White Energy Company Limited
- Bangladesh Power Developement Board
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- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
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- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
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- Attock Cement Pakistan Limited
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- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
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- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
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- Economic Council, Georgia
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- Georgia Ports Authority, United States
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
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