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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, 08 December 09
HIGH GLOBAL COAL PRICES HIT POWER PROJECTS
Spot prices for the fuel have appreciated almost 10% in November.
After a sedate year, rising coal prices could hit the coffers of import-based d ...
Monday, 07 December 09
HOW INDIA CAN CUT ITS ENERGY NEEDS BY 20%!
Using energy more efficiently can reduce our energy needs by one fifth; it is a strategy we must pursue even as we promote renewables, says Kirit Pa ...
Monday, 07 December 09
ASIA COAL POWER IN INDONESIA DISCUSSES NEW MINING LAW, COAL AND POWER SECTORS AS INVESTMENTS POUR INTO COALMINES TO SECURE SUPPLIES
COALspot.com (Singaproe): Press Release - Asia Coal Power pinpoints growing power demand in Asia & Power sector investments in Indonesia's coal ...
Monday, 07 December 09
DRY BULK RATES' VOLATILITY TO STAY, BUT RECOVERY IS UNDERWAY SAYS ION VAROUXAKIS HEAD OF FREESEAS
In an interview with Hellenic Shipping News, Mr. Ion G. Varouxakis, Chairman of the Board, President and CEO of Nasdaq-listed Freeseas, explains why ...
Monday, 07 December 09
VEDANTA RESOURCES ISSUES TENDER TO IMPORT 2.25 MILLION COAL
COALspot.com (India): Vedanta Resources plc is a London stock exchange listed FTSE 100 diversified metals and mining major with revenues in excess o ...
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- Dalmia Cement Bharat India
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- Lanco Infratech Ltd - India
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- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
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- Petron Corporation, Philippines
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- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
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- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
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- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
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- Electricity Authority, New Zealand
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- Orica Australia Pty. Ltd.
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- PTC India Limited - India
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- Africa Commodities Group - South Africa
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- Ministry of Mines - Canada
- Goldman Sachs - Singapore
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- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
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- Romanian Commodities Exchange
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- Salva Resources Pvt Ltd - India
- Global Business Power Corporation, Philippines
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- Bulk Trading Sa - Switzerland
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- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
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- Jindal Steel & Power Ltd - India
- Planning Commission, India
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- Barasentosa Lestari - Indonesia
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- Singapore Mercantile Exchange
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- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
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- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
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- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
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- Ministry of Finance - Indonesia
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- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
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- Sree Jayajothi Cements Limited - India
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- Banpu Public Company Limited - Thailand
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- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- The Treasury - Australian Government
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- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
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- CIMB Investment Bank - Malaysia
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- IHS Mccloskey Coal Group - USA
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