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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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Wednesday, 09 December 09
COAL INDIA YET TO IMPLEMENT IMPORT LINKED PRICES
Coal India Ltd is adopting a conservative approach in pricing despite being allowed to charge import-linked price for the country's minuscule reser ...
Wednesday, 09 December 09
INDIA NEEDS TO IMPORT 29 MILLION TONNE STEAM COAL IN 2009 - 10
Mr Sriprakash Jaiswal Indian minister of state (Independent Charge) for coal informed the Rajya Sabha that Central Electricity Authority has estimat ...
Tuesday, 08 December 09
VOLATILE COAL PRICES SPUR ASIAN HEDGING
Volatile coal prices are forcing staid Asian power firms to change the way they buy fuel, setting the scene for a hedging boom as a growing array of ...
Tuesday, 08 December 09
MEC TO SHIP 2M T INDONESIA COAL TO INDIA IN 2010 - REUTER'S INTERVIEW
The UAE's Middle East Coal plans to start operation of coal mines in Indonesia's East Kalimantan province next year with initial production of 2 m ...
Tuesday, 08 December 09
RICHARDS BAY COAL SHIPMENTS FELL 11% IN NOVEMBER FROM YEAR AGO
Coal exports from South Africa’s Richards Bay, site of the continent’s largest export terminal for the fuel, fell 11 percent in November ...
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