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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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Saturday, 23 January 10
COAL CAMARADERIE
Union coal minister Shriprakash Jaiswal feels Asian countries should join hands in developing minerals, particularly coal.
At the third Asian Min ...
Friday, 22 January 10
ENERGY ADVISORY COUNCIL MULLS - COAL EXPORT BAN
The National Energy Council, which advises the House of Representatives and the president on energy issues, has begun to debate a proposal to ban ex ...
Friday, 22 January 10
MERCATOR EYES MORE COAL MINES IN INDONESIA
India’s second-largest private shipping company Mercator Lines is looking at acquiring more coal mines in Indonesia as part of its strategy&nb ...
Friday, 22 January 10
BHAKTI ENERGI IN TALKS OVER COAL VENTURES IN KALIMANTAN
PT Bhakti Energi Persada, one of Indonesia’s biggest miners of brown coal, revealed on Thursday that it was in talks to form a joint venture w ...
Friday, 22 January 10
SHENHUA ENERGY 09 YIELDED 210MN TONS COMMODITY COAL
China Shenhua Energy Co., Ltd. yielded 210 million tons of commodity coal in 2009, hiking 13.2% year on year, the Chinese energy titan announced tod ...
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- Directorate Of Revenue Intelligence - India
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- Jaiprakash Power Ventures ltd
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- Interocean Group of Companies - India
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- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
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- Chamber of Mines of South Africa
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- Price Waterhouse Coopers - Russia
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- The Treasury - Australian Government
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Makarim & Taira - Indonesia
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- McConnell Dowell - Australia
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- SN Aboitiz Power Inc, Philippines
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- Planning Commission, India
- Energy Development Corp, Philippines
- Xindia Steels Limited - India
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- White Energy Company Limited
- Barasentosa Lestari - Indonesia
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- Energy Link Ltd, New Zealand
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- The University of Queensland
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