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Thursday, 17 December 09
CIL TO IMPORT 4 MILLION TONNES COAL FOR NTPC
The country's largest coal miner Coal India Ltd (CIL) will import 4 million tonnes of coal for state-run power company NTPC.
"Earlier, there were no takers for the imported coal. Now NTPC has asked us to import 4 million tonnes of coal for their utilities," Coal India Chairman P S Bhattacharyya told reporters here.
However, the coal major said, it is yet to receive a formal letter from NTPC in this regard. "The company is expected to write to us regarding the same soon," he said.
CIL had set a target to import 4 million tonnes of coal for the current fiscal. However, earlier this week, it had set that it may not be shipping any coal in the country as its domestic output would be enough to meet the local demand.
NTPC requires 150 million tonnes of coal during the current financial year to fire its power plants and it plans to import 12.5 million tonnes of the dry fuel from overseas.
Further, Bhattacharyya said a policy of washing coal should be approved to reduce the ash content of the dry fuel and reduce the price gap in comparison to international coal.
"Policy of washing coal should be approved. If more coal is washed here, there would be lesser gap between domestic and international coal prices," he said.
CIL's coal prices are in the range of Rs 448-Rs 2,500 per tonne, up to 50 per cent less than international rates, he said.
Source: Newsx
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Thursday, 19 November 09
FAST-TRACK FOCUS ON COAL POWER MAY COST INDONESIA BILLIONS
The Jakartaglobe reported that, As it begins to tap its massive coal reserves to generate cheap electricity, Indonesia may face additional costs of ...
Wednesday, 18 November 09
THAI PTT PLANS COAL MINE INVESTMENT IN INDONESIA
* To conclude Indonesian coal mine buy in 6 months
* Sees coal output jumping to 20 mln tonnes in five years
Reuters reported that, PTT , ...
Wednesday, 18 November 09
ASIA-PACIFIC MINISTERIAL CONFERENCE ON PUBLIC-PRIVATE PARTNERSHIPS FOR INFRASTRUCTURE DEVELOPMENT
“Building Asia’s Infrastructure”
COALspot.com (Indonesia) Press Release: Infrastructure Asia 2010 is Asia’s premier infra ...
Wednesday, 18 November 09
AMBUJA COAL TENDER PRICES EQUATE TO $61.50/T FOB
Reuters reported that, coal prices achieved by Indian cement maker Gujarat Ambuja in its early November tender equate to $61.50 a tonne FOB Richards ...
Tuesday, 17 November 09
JSW STEEL MAY SPEND $500 MILLION TO ACQUIRE COAL MINES OVERSEAS
JSW Steel Ltd., India’s third- biggest producer, may spend $500 million buying coal mines overseas, securing supplies for its local expansion. ...
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