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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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Recent News

Wednesday, 30 December 09
CHINA'S 2010 COAL DEMAND COULD RISE 4%-6%, ACCORDING TO CHINA SECURITIES JOURNAL
China, which is the world’s second-largest energy user, may consume between 4 and 6% more coal next year on continued economic growth, China S ...


Tuesday, 29 December 09
PROFIT IN COAL INDUSTRY DOWN 9.4% Y-O-Y IN JAN.- NOV.
In November, China's coal production was 289mln tons, up 26.3% year on year, an increase of 5.2% over last month. China's average daily trucks loa ...


Tuesday, 29 December 09
DHARMA HENWA EYES 20% REVENUE GROWTH
Local integrated mining services provider PT Dharma Henwa, which was earlier this year acquired by coal mining giant PT Bumi Resources, expects reve ...


Monday, 28 December 09
NEED TO IMPORT COAL COMES EARLY
Viet Nam may need to start importing coal as early as 2012, three years earlier than expected, to meet its electricity demands. The Viet Nam Coal ...


Monday, 28 December 09
GOVT EYES $3.57B MINING, GEOTHERMAL INVESTMENT
The country can expect up to US$3.57 billion in investment in mining and geothermal energy next year, which would represent an increase by more than ...


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