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Monday, 05 October 09
COAL TRADING C&O TO INVEST $100 M NEXT YEAR
 The Jakarta Post reported that, Coal and Oil (C&0) Group of India plans to invest up to US$100 million in Indonesia next year to acquire coal mines and buy more ships to strengthen its position in coal trading in the country,
“We see Indonesia, as a major producer of coal, as the right place to invest. It is part of our strategy to secure our coal supply in the long term,” the Group’s president director and CEO Ahmed A. R.
Buhari said last week in an interview.
Buhari pointed out that the coal mine his company planned to acquire should have a production capacity of at least five million tons per year, whether in Sumatra or Kalimantan.
“We’ll use it to fire our Coastal Energen power plant in India that will have a generation capacity of 1,200 megawatts when it starts operation in 2012,” he said.
The company is developing a coal-fired 2,400 megawatt Coastal Energen power plant. The first phase of it will be in operation in 2012 with a capacity of 1,200 MW.
“After that we’ll build the second phase that will add another 1,200 MW capacity. For that we’ll need more coal from other countries especially from Indonesia,” he said.
According to him, for the next few years his firm planned to increase its coal imports to India by about 500 percent from 5 million tons currently to 25 million tons per year.
About 70 percent of the coal will come from Indonesia, while the rest will be imported from South Africa and Australia.
So far, to secure its coal supply for the Coastal Energen Power Plant, it has signed a number of deals with several coal firms in Indonesia to buy around 5 million tons of coal per year from the country.
He quoted a report by McKinsey, which said that as India is continuing to raise its per capita consumption of electricity, India’s total imports of coal will increase by almost three times to 100 million tons by 2015. This year alone, India’s coal imports are predicted to jump by 19 percent to 39 million tons from 33 million tons last year.
India generates about 70 percent of its electricity from coal. The rest is generated from hydroelectricity, gas-fired plants and nuclear energy.
It has seen its electricity demand grow at between 8 and 10 percent per year during the last few years. Its current per capita consumption of electricity is 612 kilowatt per hour (KWh), which is higher than Indonesia’s 496 KWh but lower than that of China at 1,898 KWh and Singapore at 8,176 KWh.
The Indian government said it expects per capita consumption to rise from 612 KWh to around 1,000 KWh per year in the next few years.
“Actually, our total demand in India will rise from 120 gigawatt (GW) to around 335 GW by 2017. To do that we will need a total investment of US$600 billion,” he said.
“Coal will still be the most viable source of energy for us in India. Currently, some 70 percent of our electricity needs are derived from coal-fired power plants. Perhaps that will increase further in the future as I don’t see other more viable sources other than coal.”
India expects per capita consumption to rise from 612 KWh to around 1,000 KWh in the next few years.
Source: The Jakarta Post
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Monday, 17 August 09
COAL EXPORTS CONTINUE DESPITE SHORTAGE
Vietnam News reported that, Viet Nam is exporting more coal despite a warning from experts that the country could face a shortage of this fossil fue ...
Monday, 17 August 09
S.KOREA JULY COAL IMPORTS UP TO 8.97 MLN T
* Imports of heating coal in July up 3.7 percent on year
* LNG imports in July fall for seventh straight month
Alibaba reorted that, South Kore ...
Monday, 17 August 09
COAL INDIA PLANS A PRICE HIKE OF 11%
With the state-run CIL mining 84% of the coal produced in the country, an 11% increase will push up inflation by around 0.16%, the company said
L ...
Monday, 17 August 09
BANPU SEES INDONESIAN MINE OUTPUT UP 10 PCT IN 2010
Reuters reported that, Thailand's top coal miner, Banpu, said on Monday it expected coal output from its Indonesian mines to rise 10 percent to abo ...
Monday, 17 August 09
COAL IMPORTS SURGE IN H1
China is one of the world's leading coal producers. But even so, imports of coal have surged in the first half of the year, hitting a record in Jun ...
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- Bharathi Cement Corporation - India
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- Energy Link Ltd, New Zealand
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- Chettinad Cement Corporation Ltd - India
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
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- Merrill Lynch Commodities Europe
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- Semirara Mining Corp, Philippines
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- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
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- Bhatia International Limited - India
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- SN Aboitiz Power Inc, Philippines
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- Samtan Co., Ltd - South Korea
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- Petron Corporation, Philippines
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- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
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- Thiess Contractors Indonesia
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- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
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- Orica Australia Pty. Ltd.
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- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
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- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Parliament of New Zealand
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- CIMB Investment Bank - Malaysia
- ASAPP Information Group - India
- Australian Coal Association
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
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- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
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- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- The University of Queensland
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- White Energy Company Limited
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- MS Steel International - UAE
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- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
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- Directorate General of MIneral and Coal - Indonesia
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- The State Trading Corporation of India Ltd
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- Attock Cement Pakistan Limited
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- San Jose City I Power Corp, Philippines
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- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
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- Ministry of Transport, Egypt
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