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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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Tuesday, 23 February 10
UAE COMPANY TO ACQUIRE CONTROL OF ALLBOND MAKMUR
The Jakarta globe reported that, Renuka Energy Resources Holding, based in the United Arab Emirates, has signed an agreement to acquire 80 percent o ...
Tuesday, 23 February 10
CIL SHORTLISTS 24 FOREIGN COS FOR JV
India's Economic Times reported that, Coal India has shortlisted 24 foreign firms — six each from the US, Australia, South Africa and Indones ...
Saturday, 20 February 10
THE FREIGHT MARKET CONTINUED TO BE SOFT THIS WEEK - CAPT. REDDY
COALspot.com: The freight market continued to be soft this week as still affect of Chinese new year holidays continue. However the index overall had ...
Friday, 19 February 10
MAKING THE JOINT COOPERATION OF PRIVATE GOVERNMENT IN INDONESIA
COALspot.com - Press Release
1. Revision of the presidential decree 67/2005 has been signed by the President on January 28, 2010 with the public ...
Thursday, 18 February 10
THE INDIAN MARKET IS FIRMING A BIT, DUE TO LACK OF TONNAGE IN THE REGION
HANDY
The BSI still decline as holidays around the world have reduced trading.
...
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- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Meralco Power Generation, Philippines
- PTC India Limited - India
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- Dalmia Cement Bharat India
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Planning Commission, India
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Parliament of New Zealand
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Metalloyd Limited - United Kingdom
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
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