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Wednesday, 21 October 09
INDONESIAN SHOCK FOR INDIAN POWER PLANTS
 Business-Standard reported that, India’s ambitious plans to generate an additional 180,000 Mw of power in the next seven years will face hurdles if Indonesia, the second largest supplier of thermal coal, goes ahead with plans to cap coal exports to serve domestic demand.
Bambang Setiawan, director general for coal, minerals and geothermal energy at the Energy and Mineral Resources Ministry, Indonesia, said last week that the government proposes to cap coal exports at around 150 million tonnes (mt) a year in a bid to guarantee supplies for domestic power plants. This will be part of domestic market obligation regulations that will come into effect this year.
That’s bad news for at least a third of the upcoming Indian power projects that hope to run their plants using imported coal, mainly from Indonesia. Leading power sector players such as Tata Power, Reliance Power and GMR Energy have already acquired coal mines in Indonesia. In the last two years, almost all power project developers like state-owned National Thermal Power Corporation (NTPC), Essar Power, Adani power, JSW Energy, Indiabulls Power and Lanco Infratech are scouting for coal mines in Indonesia, to fuel some of their proposed power projects.
Two of the four 4,000 Mw ultra mega power projects (UMPP)s awarded by the government — Mundra of Tata Power and Reliance Power's Krishnapatanam, are entirely dependent on imported coal.
"It is estimated that developers of about 25,000 Mw of proposed power projects are planning to import coal from that country. This is expected to go up when more power projects come up," said Sanjay Sethi, executive director, Kotak Investment Banking.
Indonesia, which is expected to soon topple Australia as the largest coal exporter, is the most preferred destination for Indian players for its proximity to the country, which means lower freight charges.
The quality of Indonesian coal is also much better than Indian coal. The calorific value (which means production of energy) of Indonesian coal ranges between 5,000 and 6,000 kilo calories per kilogram (kcl/kg); for Indian coal it is only 3,000-3,500 kcl/kg.
Companies are, however, playing down the problem. "Out of our entire portfolio of about 34,000 Mw of power projects, only the Krishnapatanam UMPP is dependent on imported coal. It requires only 13 to 14 mt a year and the impact will be minimal," said a top Reliance Power executive. The Anil Dhirubhai Ambani Group (ADAG) company had acquired three coal mines in Indonesia with total reserves of two billion tonne.
Tata Power, which owns 30 per cent in Indonesian coal major Bumi Resources, is planning to use imported coal for the Mundra UMPP and the 2,400 Mw Dehrand power project in coastal Maharashtra. Its plans are to source 10.1 mt a year with 20 per cent plus or minus every year from Bumi Resources.
“We have to wait and watch the move, as this may force Indian companies to focus more on other coal markets such as Mozambique, South Africa or Australia. Our capacity addition programme is not mainly dependent on imported coal,” said R V Shahi, former Union power secretary and one of the architects of India's ambitious capacity addition plans.
An Essar Power spokesperson said out of the 4,650 Mw of projects in its basket, only a 1,200 Mw power project coming up in Gujarat is dependent on imported coal. “We are exploring various countries, including Indonesia, to get fuel linkage for this project,” he said.
The Indian power sector is expected to face a shortage of 74 mt of coal by 2012, according to data from the Central Electricity Authority (CEA).
The Indian power sector is expected to face a shortage of 74 mt of coal by 2012, according to data from the Central Electricity Authority. The shortage during the current fiscal may be about 40 mt as Coal India is expected is supply less than 300 mt, during the current fiscal.
Out of the 78,700 Mw capacity addition target under the 11th plan, close to 59,700 Mw is to come from thermal power sector.
Indonesia’s demand for coal will increase significantly in the coming years as power plants from the government’s 10,000 Mw electricity crash program would begin operations by 2011.
Indonesia’s coal production this year is targeted at 230 mt and of this as much as 161.5 mt are up for exports to various countries, mainly to India and China, said the Indonesian official.
Source: Business-Standard
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Thursday, 29 October 09
INDIA CEMENTS SET TO ACQUIRE COAL MINE IN INDONESIA
Business-Standard reported that, India Cements is set to acquire a coal mine in Indonesia for around $20 million (around Rs 100 crore). The company ...
Thursday, 29 October 09
PTC INDIA UNIT CHASES 2.5 MTPA INDONESIAN COAL
Reuters reported that, PTC Energy is in talks with an Indonesian firm to source 2.5 million tonnes per annum (MTPA) coal for its 350-400 MW power to ...
Thursday, 29 October 09
CHINA MAY SEEK THERMAL COAL ELSEWHERE IF AUSTRALIAN EXPORT COSTS RISE, SAYS REPORT
The Australian reported that, CHINA is likely to turn to alternative markets for thermal coal if the cost and availability of Australia's exports a ...
Thursday, 29 October 09
CURRENCIES, ASIA DEMAND TO LIFT EUROPE COAL PRICE
Supportive currency movements and strong Asian demand mean the price of coal delivered into Europe is poised to rise more than 30 percent to above $ ...
Wednesday, 28 October 09
AUSTRALIAN POWER STATION COAL PRICE TOPPED USD 73 A TONNE
Reuters reported that prices of power station coal in Australia, a benchmark for Asia, crept up for the fourth week and topped USD 73 a tonne, as a ...
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- ICICI Bank Limited - India
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Timah Investasi Mineral - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Energy Exchange, India
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- Romanian Commodities Exchange
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- Mercuria Energy - Indonesia
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Bhatia International Limited - India
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- White Energy Company Limited
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Electricity Authority, New Zealand
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
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