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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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Monday, 27 July 09
MIDDLE EAST COAL TO MOVE ON $1B EAST KALIMANTAN PROJECT
The Jakarta globe reported that, Middle East Coal reiterated on Monday that it would push ahead its $1 billion development program for East Kutai Re ...
Monday, 27 July 09
SHORT AND ONE YEAR PERIOD RATES FOR SUPRAMAX WAS FIRM AT AROUND US$ 18, 000 -18,500 PER DAY
COALspot.com (Singapore): The Supramax charter rates up sharply last week (ended 24th July 2009), especially India / Far East region said, Capt ...
Monday, 27 July 09
COKING COAL, IRON-ORE LIKELY TO BENEFIT NON-INTEGRATED STEEL PRODUCERS
Economictimes reported that, The second half of the financial year 2008-09 was one of the toughest periods for steel companies, especially the non-i ...
Monday, 27 July 09
GMR ENERGY BUYS EMCO POWERGEN SUBSIDIARY
DNA India reported that, Thane-based transformer manufacturer Emco Ltd has sold its stake in unlisted power generation subsidiary Emco Energy to Ban ...
Sunday, 26 July 09
CESC PLANS 2000 MW POWER PLANT IN BIHAR
Jai Bihar reported that, RPG flagship company CESC Ltd on Friday unveiled its plan to set up a 2,000 MW power generation plant at Pirpainti near Bha ...
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- Indonesian Coal Mining Association
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Attock Cement Pakistan Limited
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Parry Sugars Refinery, India
- Georgia Ports Authority, United States
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Heidelberg Cement - Germany
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bhushan Steel Limited - India
- Indika Energy - Indonesia
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- Lanco Infratech Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
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