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Thursday, 10 December 09
INDIA TO IMPORT 28 MILLION TONNE OF STEAM COAL
Faced with short supply of coal from domestic sources, the Indian power ministry has revised upwards its coal import target for the current fiscal to 28 million tonnes from 25 million tonnes envisaged earlier.
Mr H S Brahma power secretary told reporters we are planning to double the import quantity in the next financial year. He added that "The coal import target for the current financial year is now 28 million tonnes and 53 million tonnes for fiscal 2010-11.”
The ministry had earlier said that the state power utilities and electricity boards would import 25 million tonnes of their total dry fuel requirement during the current financial year. Of the targeted quantity of 28 million tonnes for this fiscal, power generator NTPC has bee n assigned the task of sourcing 12.5 million tonnes. The total fuel requirement of the company for the current fiscal stands at 125 million tonnes.
Mr Brahma said that "Of the 28 MT NTPC would import 12.5 million tonnes. It has already imported 9 MT and the remaining would be imported by the fiscal end.” He added that the current installed power generation capacity of the country stands at 153000 MW out of which coal based t hermal power comprises over 50% capacity at 81000 MW.
Meanwhile, Coal India which plans to import 4 million tonnes of the fuel is still awaiting orders from the power companies for shipping the raw material.
Source: PTI / Steel Guru
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Monday, 14 December 09
RICHARDS BAY COAL TO FINISH EXPANSION IN 1ST QUARTER
Richards Bay Coal Terminal, which ships more than a quarter of Europe’s energy coal, said it will complete its Phase 5 expansion project in th ...
Monday, 14 December 09
SOUTH AFRICAN STEAM COAL PRICES FIRMING UP FOR Q1 TRADE
Reuters reported that Q1 South African coal prices firmed again slightly largely on Asian demand but European delivered prices were little changed.
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Sunday, 13 December 09
THE FREIGHT MARKET SEEMS TO BE COMING OFF A BIT AND THE MARKET MAY BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com (Singapore): "The market softened this week especially in the Cape and Panamax segment , where as the Supramax and Handy size was ...
Sunday, 13 December 09
NAPOCOR CUTS COAL IMPORT PROJECTION FOR 2010
STATE-RUN National Power Corp. slashed its planned coal importation for 2010 to only 200,000 metric tons from 3.4 million MT this year, as the gover ...
Sunday, 13 December 09
CHINESE BUYERS SEEK LARGE TONNAGE OF SOUTH AFRICA STEAM COAL
Reuters reported that Chinese utilities on the coast and inland are seeking several cape cargoes each of South African coal for 2010 delivery becaus ...
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