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Wednesday, 13 January 21
COAL TO BE BIGGEST CONTRIBUTOR TO INDIA'S $5 TRILLION ECONOMY: AMIT SHAH - BUSINESS STANDARD
The Centre on Monday awarded the letter of allocation to successful bidders of coal mines under the commercial auction held during October-November 2020. Speaking at the event, Home Minister Amit Shah said the coal sector will be the largest contributor to India’s ambition of being a $5 trillion economy.
“The coal sector was non-transparent, complex and favoured a few corporates. But many small trading companies are now getting into coal mining, which was not possible six years back. India has one of the largest coal reserves and high demand but ironically still imports vast quantities. Reducing import dependence is crucial for our economy,” Shah said.
The Centre in 2020 opened the coal mining sector with private companies entering the arena of commercial mining and sale of coal–-47 years after coal mining was nationalised in India.
The Centre amended the Coal Mines (Special Provisions) Act, 2015, in May to open the coal auction for non-mining, MSMEs and foreign companies. The two-part auction concluded in November when companies submitted bids for 19 out of the total 38 coal blocks on offer.
Among the winning bidders were Adani Enterprises, Hindalco, Vedanta ltd, Essel Mining of the Aditya Birla Group, Jindal Steel & Power ltd, and several new and non-mining companies such as Aurobindo Realty, Yazdani International, JMS Mining, and Boulder Stone Mart.
Union minister for coal Pralhad Joshi said the energy aspirations of the nation cannot be crushed in the quest to follow the West. “We should make the maximum use of our coal reserves while shifting to cleaner forms of energy,” he said adding more mines will be offered under commercial mining during January.
The ministers also launched a ‘Single Window Clearance Portal’ for the companies that have won the coal mines. “In the absence of a unified platform for grant of clearances, the companies were required to approach different departments, leading to delay in operationalisation of coal mines. Now, the complete process shall be facilitated through Single Window Clearance Portal in a phased way,” Joshi said.
Currently, some 19 major approval or clearances are required before commencing the mining operations. These include approval of mining plan and mine closure plan, grant of mining lease, environment and forest clearances, wild life clearance, clearances related to safety, environment, rehabilitation of project affected families, welfare of workers etc. The Single Window Clearance Portal would facilitate these clearances.
The coal ministry said the mine-bearing states would garner a total revenue of Rs 6,656 crore annually (over the life of mine) from these mines.
Source: Business Standard
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Saturday, 08 May 21
LNG-TO-POWER INVESTORS IN THE PHILIPPINES RISK EXPOSURE TO $14 BILLION IN STRANDED ASSETS - IEEFA
High regulatory and financial uncertainty in the Philippines market
The race to develop liquified natural gas (LNG) facilities in th ...
Saturday, 08 May 21
THE COAL-TO-RENEWABLES TRANSITION TAKES OFF - IEEFA
Pre-Biden changes underscore coming 10-year wave of coal plant retirements
The traditional S-curve growth exhibited by disruptive te ...
Friday, 07 May 21
CHINA'S TOTAL COAL IMPORTS FOR 2020 REACHED A VOLUME OF 304 MILLION TONS - ASSOCARBONI
Our benchmarks, manufacturing Countries like China, Germany, Japan, India, South Korea and Taiwan will continue to use a mix of coal and nuclear to ...
Friday, 07 May 21
SEABORNE WORLD COAL TRADE CLOSED 2020 IN NEGATIVE - ASSOCARBONI
Coal confirmed its leadership as leading fuel for electricity generation also in 2020, accounting for 38% of overall production. For the first time ...
Friday, 07 May 21
INDONESIA'S THERMAL COAL EXPORTS IN 2020 DECREASED BY 13%; INDIA REMAINED THE TOP DESTINATION FOR INDONESIAN COAL - ASSOCARBONI
An increase in seaborne trade is forecast for 2022, driven by markets in Southeast Asia, where growing demand for coal from Bangladesh, the Philipp ...
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- ICICI Bank Limited - India
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Australian Coal Association
- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Chettinad Cement Corporation Ltd - India
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- India Bulls Power Limited - India
- PTC India Limited - India
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Globalindo Alam Lestari - Indonesia
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- Siam City Cement - Thailand
- Therma Luzon, Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Indonesian Coal Mining Association
- Mercator Lines Limited - India
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- ASAPP Information Group - India
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