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Saturday, 26 September 09
GSECL PLANS TO PROCURE 15 LAKH (1.5 MILLION) MT OF IMPORTED COAL
 Business Standard reported that, State-run power generation company, Gujarat State Electricity Corporation Ltd (GSECL) intends to procure 15 lakh (1.5 million) metric tonnes of non-coking steam (thermal) imported coal. The company has invited bids from coal suppliers for supply of coal on high seas sale basis.
The company is planning to procure 15 lakh (1.5 million) metric tonnes of imported coal for one year, which will be used for its Gandhinagar, Wanakbori and Sikka thermal power stations. The successful bidders will have to supply 1.25 lakh (125,000)metric tonnes per month. The size of the tender is Rs. 750 crore (US$ 156,315,163). GSECL floated the tender on 17 September and the last date for submission of online and physical tender is October 3.
As per the eligibility criteria set by the company, a single bidder must have supplied annual average quantity of 10 lakh (1 million) tonnes of imported steam (thermal) coal to power utilities in India in last three financial years (i.e. 30 lakh (3 million) tonnes in 2006-07, 2007-08 and 2008-09). The supply could be directly or through PSUs. In case of joint venture or consortium, at least on member of the JV/consortium must have supplied the said quantity.
However, this criteria might irk some willing to participate in tendering process. At least, one company, which is one of the leading coal suppliers in India with coal supplies of 1 crore tonnes last year, has dashed off a letter to Gujarat government seeking its intervention in the matter on the ground that the criteria of 30 lakh tonnes of coal supply to power utilities only will restrict competition as only two or three players can meet this criteria.
Referring to a tender recently floated by MMTC Ltd to procure 1.25 crore (12.5 million) metric tonnes of imported coal for NTPC, the company official said that MMTC had allowed participation by those companies which had handled coal supply of 20 lakh (2 million) metric tonnes in any one financial year during last three fiscals, whereas GSECL's tender for 15 lakh (1.5 million) metric tonnes requires experience of supplying 30 lakh (3 million) metric tonnes in last three fiscals. The GSECL criteria also says that the bidder must have supplied this quantity to only power utilities.
"MMTC had allowed participation by the companies who had supplied specified quantity to various sectors such as power, cement, steel, fertiliser and industrial utilities. As a result, MMTC's tender saw five bidders", the official added. The company also complained about short period for submitting bids.
The company has also tried to bring this to the notice of other authorities such as Gujarat Electricity Regulatory Commission, chairman and managing director of GSECL, the principal secretary, department of energy, vigilance commissioner, Gandhinagar.
Source:Business Standard
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Sunday, 04 October 09
GRASIM TO CONSOLIDATE CEMENT BIZ
The Statesman reported that, India's largest cement producer Aditya Birla group today said it would consolidate its cement businesses by merging Gr ...
Sunday, 04 October 09
GOVT THREATENS TO CANCEL COAL BLOCK ALLOTTED TO BINANI CEMENT
Economic Times reported that, The government has threatened to cancel a coal block allocated for captive use to Binani Cement saying the company see ...
Saturday, 03 October 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR
COALspot.com (Singapore): The BDI firmed up this week by almost 8 pct to 2,357 points , the main reason being jump in Cape size index by almost 22 p ...
Friday, 02 October 09
C&O SEES INDONESIA COAL PURCHASES UP 20 PCT IN 2010
Reuters reported that, Dubai-based coal trader Coal & Oil (C&0) expects its coal purchases from Indonesia to increase by at least 20 percent ...
Thursday, 01 October 09
MJUNCTION LAUNCHES INDIA'S FIRST COAL SPOT PRICE INDEX
• Named 'MJcomposite, MJsteel, MJcement, MJpower' the value weighted index will benefit Indian coal buyers by minimising risk against pr ...
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- Edison Trading Spa - Italy
- Aditya Birla Group - India
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- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
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- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
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- Indian Energy Exchange, India
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- Salva Resources Pvt Ltd - India
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- Antam Resourcindo - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- Renaissance Capital - South Africa
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- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
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- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
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- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
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- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
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- Riau Bara Harum - Indonesia
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- Star Paper Mills Limited - India
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- Eastern Energy - Thailand
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- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
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- Trasteel International SA, Italy
- Romanian Commodities Exchange
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- Bayan Resources Tbk. - Indonesia
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- Deloitte Consulting - India
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- Price Waterhouse Coopers - Russia
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- Baramulti Group, Indonesia
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- London Commodity Brokers - England
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- Economic Council, Georgia
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- Parliament of New Zealand
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- Port Waratah Coal Services - Australia
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- SMC Global Power, Philippines
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- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- PNOC Exploration Corporation - Philippines
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