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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 government managed to privatize most of its coal-fired power generation assets.
Napocor fuel manager Nellie Delos Reyes said Napocor had earmarked about P1.9 billion for its coal purchases in 2010, down from the P26 billion set aside for this year’s procurement.
Of the budget, P1.1 billion would be allotted for coal imports, which usually comes from Indonesia, while the remaining P810 million would be for local purchases. These figures are subject to change depending on current market prices at the time of procurement, she added.
The estimates and planned purchases will be presented next week to the Napocor board for approval.
Napocor used to supply the coal requirements of the 1,000-MW Sual power plant in Pangasinan, 700-MW Pagbilao plant in Quezon and the 600-MW Calaca facility in Batangas.
However, with the privatization efforts being undertaken by Power Sector Assets and Liabilities Management Corp., Napocor is left with only the Naga facility to tend.
“As you know, we’re no longer taking care of Calaca, Pagbilao and Sual so that reduces our coal transactions,” said Napocor president Froilan A. Tampinco, in an interview.
The Calaca facility was recently turned over to the Consunji-led DMCI Holdings Inc., which offered the government $361.7 million for the power plant.
Food and beverage giant San Miguel Corp. bagged the independent power producer administrator (IPPA) contract for the Sual power plant with an offer of $1.07 billion.
Source: Philippine Daily Inquirer
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Tuesday, 16 February 10
LAW POSES THREAT TO INDONESIA'S COAL INDUSTRY
A zoning law could cost coal miners billions of dollars this year alone, hurt investment in the industry and disrupt the supply of the fuel to the c ...
Tuesday, 16 February 10
KPMG PENS 6-POINT STRATEGY FOR COAL INDIA RESTRUCTURING
Coal India Ltd (CIL) has appointed KPMG Advisory Services Pvt Ltd to advise on consolidating its position as the country’s prime energy provid ...
Monday, 15 February 10
MINING LAW TO BE REVISED
Law No. 4 of 2009 on mineral and coal mining will be revised after a working visit of the Bangka Belitung (Babel) Provincial legislative assembly (D ...
Monday, 15 February 10
EURO COAL PRICES SOFTEN AS CHINESE LUNAR NEW YEAR HOLIDAYS START
Prices of prompt cargoes of coal for delivery into Europe weakened last week on a lack of European demand and market nerves over the possible impact ...
Monday, 15 February 10
INDONESIAN COAL SUFFERS SETBACK AS SUMATRA RAIL LINE HELD UP AGAIN
State-owned coal miner PT Tambang Batubara Bukit Asam’s $1.06 billion rail project in Sumatra faces more delays, and the cost of the project i ...
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- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
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- Global Business Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
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- Goldman Sachs - Singapore
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- Tata Chemicals Ltd - India
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- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
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- Global Green Power PLC Corporation, Philippines
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- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
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- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
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- The University of Queensland
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- White Energy Company Limited
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- Ministry of Finance - Indonesia
- Baramulti Group, Indonesia
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- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
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- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
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- PTC India Limited - India
- Videocon Industries ltd - India
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- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Global Coal Blending Company Limited - Australia
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- Pipit Mutiara Jaya. PT, Indonesia
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- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
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- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
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- Economic Council, Georgia
- Gujarat Electricity Regulatory Commission - India
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- Electricity Generating Authority of Thailand
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- Minerals Council of Australia
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
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- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- Planning Commission, India
- Independent Power Producers Association of India
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- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
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- Globalindo Alam Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
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