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Thursday, 25 February 10
STEEP RISE IN COAL IMPORTS REQUIRED TO POWER INDIA - MONEYLIFE
 The power ministry has estimated coal imports of 48 million tonnes in FY10-11, sharply higher than the expected imports of 28mt in the current fiscal, as domestic supply shrinks due to issues like environmental clearance and Naxalite threats India’s coal imports for power production are likely to rise to 48 million tonnes (mt) in the next fiscal, sharply higher than the expected imports of 28mt for FY09-10. Both private and public power utilities are likely to contribute to this high figure. Despite India being a coal-rich country, delay in mining activities at captive coal blocks, inferior quality of coal and hindrances in domestic coal transportation has increased power utilities’ dependence on imported coal.
According to the HS Brahma, secretary, ministry of power, public and private power utilities will together import 48mt of coal in the next fiscal. The import volume has been planned to ensure regular fuel supply to Indian power plants. Australia, Indonesia and South Africa are the major countries catering to India’s coal demand.
As per a PTI report, the total coal requirement during the 11th Five Year Plan (2007-12) is expected to touch 700 million tonnes, and the demand from power companies is likely to be at 550 million tonnes. A major portion of this requirement is likely to be met through coal imports.
The constant increase in coal imports by Indian power utilities is ironical, given that India has the fourth-largest reserves of coal in the world. However, effective utilisation of these reserves has hit roadblocks like environmental clearances, rehabilitation issues and the Naxalite movement.
Power utilities are increasingly looking at coal imports as an easier option to ensure coal linkages for their plants. With a large of number of captive coal blocks stuck in various pre-implementation stages, companies are more comfortable with their dependence on coal imports.
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“India’s total coal requirement during 2007-2012 is expected to touch 700 million tones, including demand from power companies is likely to be at 550 million tones”
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Coal blocks allotted for captive use to various power utilities as early as 2008, are still in the environmental clearance stage. The coal block allotted to GMR Energy in Orissa is one of the many examples. It is still in the environmental clearance phase, but company officials claim the coal linkage for the project has been secured and the plant will go on steam as scheduled, despite the delay in mining activity.
Similarly, Adani Group’s power plant in Tiroda (Maharashtra) hit a roadblock after two of its coal blocks in Lohara were refused environmental clearance.
Pramod Menon, chief financial officer, JSW Energy Ltd, confirms the necessity of imported coal. “Domestic coal has its own challenge; if we want to ramp up capacity, there are issues. We have tried to enter the space very differently, with a mix of domestic coal and imported coal. We generally take three to five years for exploration after allocation of a coal block. A lot of capacity is coming in, but we have to wait and watch out for the challenges which these capacities will face in procuring domestic coal. The reason for this is that we are not seeing a huge amount of coal capacity actually coming on-stream,” he said.
Coal linkages through imports have become extremely important for power utilities to ensure timely commissioning of their planned power capacities. An excellent example of this is the Videocon group. It has been able to achieve financial closure for its Gujarat power project due to assured coal linkages through imports. However, a second power project of the same group in Chhattisgarh still awaits financial closure. The coal supply for this plant will depend on captive coal blocks which have not been allotted. The group is confident that the Gujarat plant will be completed on schedule, but it refused to provide a timeline for the Chhattisgarh project as the coal linkages have not yet been secured.
Operational power plants in the country are also under constant threat of irregular coal supply due to mining and transportation issues. According to the Central Electricity Authority data, around 22 thermal power stations (TPS) were in the critical list with less than seven days of coal supply. Of these, 13 TPS are in the super-critical list with less than four days of coal supply. The number of TPSs in the critical list has been constant for several months, with no improvement in the coal supply scenario. The main reasons cited for the coal shortage are delay in coal imports or reduced coal supplies from the captive coal blocks for these plants.
India’s major coal reserves lie in the ‘red’ belt or the Naxal-affected regions of the country. Power plants fuelled by coal blocks in these regions face issues like irregular supply. Coal India Ltd, India’s largest coal supplier, is also seriously looking at the coal import option. CIL officials had earlier admitted to transportation problems from coal mines in the Naxal-affected regions of Jharkhand, Orissa, Maharashtra, Madhya Pradesh and Chhattisgarh.
National Thermal Power Corporation Ltd (NTPC), which is India’s largest power producer, plans to import coal in large quantities from Australia, despite the fact that domestic coal blocks have been allotted to each of its projects. It has already imported 9mt of the targeted 12.5mt during the current financial year (2009-10). NTPC’s thermal power stations at Farakka and Khalagaon have been on the super-critical list for several months due to inadequate coal supply.
Source: Money Life (Amritha Pillay)
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Sunday, 28 February 10
CONTINENTAL TARGETS COAL SALES FROM S AFRICA MINE IN Q2 - MINING WEEKLY
Mining weekly reported that, Junior coal explorer Continental Coal would start coal sales from its Vlakvarkfontein mine, in South Africa, in the sec ...
Friday, 26 February 10
BANPU PROFITS SURGE BY 54% TO RECORD B14BN ON BRISK SALES
Banpu Plc, Asean's largest coal miner, said its earnings surged to a record high of 14.23 billion baht last year, an increase of 54% on the previou ...
Thursday, 25 February 10
INDO / INDIA COAL TRIPS SUPRAS CAN ACHIEVE AROUND MID 10S - FEARNLEYS AS
Handy
The BSI regained positive momentum exactly a week ago and the Atlantic rema ...
Wednesday, 24 February 10
CHINA IMPORTED 8.81 MLN TONS OF INDONESIAN COAL IN JANUARY 2010
COALspot.com: Indonesia, the world largest coal exporter, exported 24.38 million tons of coal last month, compared with 27.46 million tons in a ...
Tuesday, 23 February 10
TRENDS..... DRY BULK MARKET .... TRENDS
The dry bulk market was pulled along by the Capes this week, as fresh enquiry breathed temporary life back into the market. Short period rates also ...
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Showing 5971 to 5975 news of total 6871 |
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- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- Rio Tinto Coal - Australia
- Australian Coal Association
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Price Waterhouse Coopers - Russia
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- The Treasury - Australian Government
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
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