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Saturday, 24 October 09
ADANI, MMTC IN RACE TO SUPPLY COAL TO GSECL
Business-Standard reported that, as many as five companies are in fray to supply 15 lakh (1.5 million) metric tonnes of non-coking steam (thermal) imported coal to Gujarat State Electricity Corporation Ltd (GSECL) on high seas sale basis.
The five players, who have bid for supplying imported coal to the state PSU, include ADANI ENTERPRISE, a trading arm of the Adani Group, MMTC, STATE TRADING CORPORATION (STC), ANAND GROUP and COASTAL ENERGY, a subsidiary of Dubai-based Coal and Oil Group.
All the companies have submitted technical and financial bids. "Currently, we are evaluating technical bids. The bidding process is likely to be completed within one month," said a senior company official.
The state-run power company had floated tender in September 2009 for procurement of 15 lakh (1.5 million) metric tonnes of coal. The total size of the tender is Rs. 750 crore (US$ 161,463,970).
GSECL intends 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.
As per the eligibility criteria set by GSECL, 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.(1 USD = 46.4500 INR)
Source:Business-Standard
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Wednesday, 07 October 09
WORLD'S LEADING COAL-BASED PP PROJECT TO BEGIN TRIAL PRODUCTION NEXT YEAR IN NW CHINA
Xinhua Net reported that, a coal-based polypropylene (PP) production project in northwest China, believed to be the world's largest one, is to ...
Wednesday, 07 October 09
INDIA SAIL TO IMPORT 10-11 MLN T COAL IN FY10 - EXEC
Reuters reported that, Steel Authority of India Ltd plans to import 10-11 million tonnes of coal in the current year to March, below last year's 13 ...
Wednesday, 07 October 09
DOMESTIC SHIPPING FIRMS READY FOR NEW RULES ON COAL, INDUSTRY GROUP SAYS
The Jakarta Globe reported that, The domestic coal-shipping sector is ready for the introduction of shipping regulations requiring all power station ...
Wednesday, 07 October 09
CHINESE BANK MAY PULL OUT OF SUMATRA COAL RAILWAY
The Jakarta Globe reported that, The Export-Import Bank of China may pull out of a $1.28 billion South Sumatra coal-railway project with state-owned ...
Wednesday, 07 October 09
COAL INDIA LOOKS AT LONG-TERM PRICE CONTRACTS
Economic Times reported that, Coal India is looking at long-term price contracts, of at least three-four year periods, with foreign entities, 54 of ...
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