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Saturday, 09 January 10
IMPORTED, LOCAL COAL TO BE MIXED IN POWER DRIVE
The government is likely to create a pool price of coal, wherein imported coal and Indian coal could be mixed, making the imported coal becomes more affordable for use in power projects. Once implemented, the move would benefit competitively bid private sector power projects where cost of imported coal is not fully reflected in the electricity tariff.
The price differential between domestic and imported coal varies from 50% to 75% level depending on the distance transported. While the landed cost of good quality domestic thermal coal ranges between Rs 3,000 to Rs 4,000 (US$ 65.99 - 87.98) per tonne for travel distance between 100-1500 kilometres, the price of imported coal (Indonesia) varies between Rs 4000-5250 (US$ 87.98 - 115.48) per tonne.
“A policy on pool price of coal is being considered to prevent discrimination against projects using high level of imported coal in a volatile market situation,” an official in the coal ministry said requesting anonymity.
The Planning Commission in its policy prescription for power sector has also favoured price pooling of coal to prevent under priced domestic coal from affecting use of imported coal. The present system has also resulted in higher demand for domestic coal that is affecting fuel supply to several power projects.
Under current system of coal linkage power projects normally get assured linkage of 80-85% of the coal requirement from the domestic market. Remaining coal has to be imported for meeting the full requirement of a power project. (1 USD = 45.4600 INR). To read more EconomicTimes
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Wednesday, 13 January 10
CONSOL SELLS FIRST COAL TO CHINA
Coal and natural gas company CONSOL Energy Inc.made its first sale of high-volume coking coal to Asia from its Bailey Mine in Northern Appalachia. T ...
Tuesday, 12 January 10
COAL PRICE FORECAST RAISED AT ANZ ON STRONGER CHINESE DEMAND
Power-station coal price forecasts for this year were raised 19 percent by Australia & New Zealand Banking Group Ltd. on rising demand from Chin ...
Tuesday, 12 January 10
BUMIS SALE CONTRACT ONLY REACHED 35 PERCENT
PT Bumi Resources has only completed 35 percent if its coal sale contract this year. “More than 65 percent of our sale volume did not have a c ...
Monday, 11 January 10
THE MARKET IS LIKELY TO BE STEADY - VISTAAR SINGAPORE
COALspot.com (Singapore): The freight market for the first week of the year was quite active and the market especially in the Panamax and Supramax s ...
Monday, 11 January 10
CHINAS COAL EXPORT MAY DECLINE 50% IN 2009
Preliminary data released by China's General Administration of Customs (GAC) on Wednesday showed that China's coal export reached 2.05 million ton ...
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- Trasteel International SA, Italy
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Planning Commission, India
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- India Bulls Power Limited - India
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
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