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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, 30 November 09
INDIA UTILITIES MOVE TO COAL INDEX - PRICING
Indian state utilities are leading a switch to coal index-linked pricing from fixed prices to secure imports and to be visibly paying fair market pr ...
Monday, 30 November 09
RECAPITAL TO ACQUIRE BERAU COAL
Unlisted Indonesian coal producer Berau will redeem outstanding bonds before the acquisition by Recapital Advisers is completed by the end of this y ...
Friday, 27 November 09
IMPORTING LIGNITE INTO COAL RICH KOSOVO
Balkan Insight has discovered that one of Kosovo’s biggest firms is being forced to import lignite from Malaysia and Indonesia, despite estima ...
Friday, 27 November 09
SOUTH AFRICA STILL TOPS IN COAL EXPORT RANKINGS
Mining Weekly reported that, Despite significant coal-mining capacity recently discovered in the Southern African region, according to senior coal a ...
Friday, 27 November 09
BHP SEEKS VARIABLE COKING COAL PRICE IN JAPAN, NIKKEI SAYS
Bloomberg reproted that, BHP Billiton Ltd. has asked Japanese steelmakers to move to pricing of coking coal linked to spot rates rather than negotia ...
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