We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 19 August 09
MMTC SCRAPS CONTROVERSIAL COAL TENDER
 Most of NTPC’s coal-based projects don’t have sufficient stock of coal
State-owned trading firm MMTC Ltd has scrapped its controversial tender for the import of 12.5 million tonnes (mt) of coal valued at Rs6,000 crore for NTPC Ltd.
One of the bidders, Knowledge Infrastructure Systems Pvt. Ltd (KISPL), alleged foul play in the way the order was executed, and demanded an investigation into the procurement process and an intervention by the Prime Minister’s Office.
Other bidders for the 12.5-mt contract were Adani Enterprises Ltd and two consortia—Agarwal Coal Corp. Pvt. Ltd and Kowa Co. Ltd of Japan; and Dubai-based Coal and Oil Group (C&O), Coastal Energy Pvt. Ltd and Seapol Pvt. Ltd.
“We have scrapped the tender. We were given the option by NTPC to form the terms of the new tender, which we have done. This has now been sent to the commerce ministry for approval. We expect the approval to come shortly, post which we will float the tender any time shortly,” said a senior MMTC executive who asked not to be identified.
While an Adani group spokesperson declined comment, a KISPL spokesperson said: “With the scrapping of the tender, the whole sector will benefit in general and NTPC will benefit particularly because there will be fair competition, which will lead to a fair price. Before we make specific comments, we would like to see what the revised terms of the tender are.” The other two consortia could not be immediately contacted.
“We have discussed the issue in our board and have asked MMTC to follow the international competitive bidding guidelines along with those laid down by the Central Vigilance Commission (CVC). It is for them (MMTC) to ensure transparency. They will give us a certificate to the effect and even we will do our due diligence,” said a top NTPC executive who did not want to be identified.
CVC is the apex body that oversees the functioning of government departments and agencies on contractual issues.
“Going forward, we will directly source the coal from overseas producers,” the NTPC executive added.
Mint had reported on 5 August that NTPC, India’s largest power generator, planned to directly import the coal it needs, instead of asking state-owned trading firms such as MMTC and State Trading Corp. of India Ltd (STC) to import the fuel for it.
The change, which would have involved an amendment in internal rules, was prompted by the controversy.
The KISPL spokesperson had said in an earlier email that the conditions of the original tender were “against Central Vigilance Commission guidelines and standard public sector tenders” and that “the tender neither provides level playing ground for all the bidders nor does it seem to promote competition”.
Dipesh Dipu, principal consultant, mining, at audit and consulting firm PricewaterhouseCoopers, said the procurement policies of government entities should be transparent and treat all bidders equitably, and also be seen to be so and do so. “The delay in importing coal in this case may be considered as sacrifice for compliance with these principles.”
NTPC used 125 million tonnes per annum (mtpa) of domestic coal and 6.41 mtpa of imported coal in 2008-09. Indian coal has a high ash content, one reason why some domestic coal-based power plants mix it with higher quality imported coal.
The size of the market for imported coal that goes into power generation in India is around 20 mt a year, and is expected to double by 2012 as more thermal power projects come up.
Coal is critical for NTPC as at least 80% of its installed capacity of 30,644MW is coal based. However, a majority of its coal-based projects don’t have sufficient stock of coal.
Source: Live Mint
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 26 August 09
JSW ENERGY NEARS COAL-SUPPLY LINKAGE DEAL IN INDONESIA
Sajjan Jindal-owned JSW Energy is close to finalising a coal-supply linkage pact in Indonesia and is also exploring options of acquiring ...
Wednesday, 26 August 09
COAL INDIA MAY HIKE COAL PRICES BY UP TO RS 175 (ABOUT US$ 3.60) A TONNE
The Economic Times reported that, state-owned Coal India may hike coal prices by up to Rs 175 (~ US$ 3.60) a tonne to close the gap between domestic ...
Tuesday, 25 August 09
KOREA TO INTRODUCE COAL-MINING ROBOTS TO REDUCE THE RISK OF HUMAN LOSSES FROM CONVENTIONAL MINING
Far East Gizmos reported that, The state-run Korea Coal Corp. (KOCOAL) signed a memorandum of understanding (MOU) on Monday with three Korean engine ...
Tuesday, 25 August 09
INDIA'S GNFC EXTENDED ONLINE BIDDING FOR PURCHASE OF 260,000 T COAL TO 23RD SEPTEMBER 2009
COALspot.com (India): Gujarat Narmada Valley Fertilizers Co. Ltd. (GNFC) invites offers (e-Tender) for supply of 130,000 MT +/- 5% on firm basis and ...
Tuesday, 25 August 09
ANTAM CONSIDERS ACQUIRING BHP
The Jakarta Post reported that, State mining company PT Aneka Tambang (Antam) is contemplating acquiring BHP Billiton's coal concessions in Central ...
|
|
|
Showing 6471 to 6475 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- Global Coal Blending Company Limited - Australia
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- Central Java Power - Indonesia
- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- White Energy Company Limited
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Australian Coal Association
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
- India Bulls Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
|
| |
| |
|
