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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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Friday, 18 September 09
STANCHART TO ADVISE BAYAN ON INDONESIA COAL FINANCING
Indonesian coal miner PT Bayan Resources Tbk said on Wednesday it has appointed Standard Chartered Bank as a financial adviser for raising at least ...
Friday, 18 September 09
COKING COAL SUPPLY TO FALL 3 MILLION TONS IN CHINA ON SHUTDOWN
Bloomberg reported that, Coking coal supply in China, the largest consumer, may fall by 3 million metric tons a month after a mine accident this mon ...
Thursday, 17 September 09
FOUR LEFT IN INDIA'S MMTC COAL IMPORT TENDER-SOURCE
Reuters reported that, India's MMTC Ltd has accepted four out of five submissions for an import tender for 12.5 million tonnes of coal, with a bid ...
Thursday, 17 September 09
INDIA SEEKS COAL
IBT commodities reported that, India is on a coal buying spree. The big Asian nation is scrambling to cover an expected shortfall in domestic supply ...
Wednesday, 16 September 09
S. LANKA, INDIA'S NTPC TO SIGN $500 MLN COAL DEAL
Reuters reported that, Sri Lanka is to sign a commercial agreement with India's National Thermal Power Corporation (NTPC.BO) to build a $500 millio ...
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- Global Business Power Corporation, Philippines
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- Antam Resourcindo - Indonesia
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- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
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- Merrill Lynch Commodities Europe
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- Chamber of Mines of South Africa
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- Jaiprakash Power Ventures ltd
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- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
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- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
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- Bhatia International Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
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- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
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- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
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- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
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- Dalmia Cement Bharat India
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- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- Energy Link Ltd, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
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- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
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- Wilmar Investment Holdings
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- Toyota Tsusho Corporation, Japan
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- Parliament of New Zealand
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- Energy Development Corp, Philippines
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- Bukit Baiduri Energy - Indonesia
- Trasteel International SA, Italy
- Minerals Council of Australia
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- CNBM International Corporation - China
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- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
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- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
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- Ceylon Electricity Board - Sri Lanka
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- Straits Asia Resources Limited - Singapore
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- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
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- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
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