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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 tolling arrangements, PTC India's top official said.
"The agreement is now being negotiated...once broad conditions of the agreement are finalised it will be signed," T. N. Thakur, chairman and managing director of PTC India told Reuters from New Delhi over the telephone on Thursday.
PTC Energy, a unit of power trader PTC India, may sign a contract to source 2.5 MTPA coal for a 10-year-term any time now, Thakur said.
He did not disclose the Indonesian firm's name.
In tolling, a power marketer or fuel supplier enters into a contract with the operator of a generating plant to convert the power marketer's fuel into electricity. The generator is paid a tolling fee for its services.
PTC Energy will have about 350-400 MW power via tolling arrangements, that can be sold by the firm, Thakur said.
"This electricity will then belong to PTC Energy. They can directly sell it to somebody in the market, or they can sell it to PTC and PTC will sell it in the market."
PTC Energy will pay per unit generation charges in the range of 1.25-1.35 rupees per killowatt-hour (kWh) to the operators, Thakur said.
COAL ASSETS
PTC India has been eyeing overseas coal assets for about a couple of years for now, though the power trading firm could not acquire any assets, he added.
"We are still looking at few assets, because coal market was hot. Now that things are coming back to its senses, we have again started our efforts."
About 53 percent of India's power generation capacity is fuelled by coal, which is in short supply.
India's power output for September was restricted by coal shortages, the Central Electricity Authority said recently.
PTC India's financial services arm, PTC Financial, has raised 1 billion rupees recently, he said.
"If they (PTC Financials) need (funds), they can raise more."
Source: Reuters
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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 (ther ...
Saturday, 24 October 09
INDONESIA STATE POWER FIRM PLANS TO DELAY COAL SUPPLIES
Indonesia's state-controlled electricity company is negotiating with two coal producing firms to delay plans to supply coal to a power plant in Wes ...
Friday, 23 October 09
MONGOLIA LISTS 8 POTENTIAL BIDDERS FOR COAL PROJECT
Reuters reported that, Mongolia has shortlisted eight potential partners for its huge Tavan Tolgoi coking coal project, according to Temuulen Ganzor ...
Friday, 23 October 09
2010 WILL BE 'BRIDGE YEAR' FOR COAL - CONSOL CHIEF
Mining Weekly reported that, After a difficult 2009, 2010 will likely be a “bridge” year for the US coal industry, followed by improved ...
Friday, 23 October 09
INDIAN GROUP INTERESTED IN MOZAMBICAN COAL
Mining Weekly reported that, India’s leading steelmaker, the Steel Authority of India Limited (Sail), has confirmed that it is seeking to acqu ...
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- Kapuas Tunggal Persada - Indonesia
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- Larsen & Toubro Limited - India
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- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
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- Ministry of Finance - Indonesia
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- Independent Power Producers Association of India
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- Orica Australia Pty. Ltd.
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- South Luzon Thermal Energy Corporation
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- The Treasury - Australian Government
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- PTC India Limited - India
- Deloitte Consulting - India
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- Pipit Mutiara Jaya. PT, Indonesia
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- Georgia Ports Authority, United States
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- PowerSource Philippines DevCo
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- Indonesian Coal Mining Association
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- Merrill Lynch Commodities Europe
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- Attock Cement Pakistan Limited
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- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
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- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
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- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
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- Interocean Group of Companies - India
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Thiess Contractors Indonesia
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
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- Directorate General of MIneral and Coal - Indonesia
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- Chamber of Mines of South Africa
- Ministry of Mines - Canada
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- White Energy Company Limited
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- Parliament of New Zealand
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