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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, 17 January 10
THE FUTURES FOR THREE YEARS (2010 - 2012) FIRMED UP - VISTAAR SINGAPORE
COALspot.com (Singapore): The freight market was a bit mixed with BDI up by about 159 points and closed at 3,299 points.
BDI
The cape index cont ...
Sunday, 17 January 10
NTPC TO DOUBLE CAPACITY BY 2017
NTPC, which will launch its follow-on public offer on February 3, plans to more than double its generating capacity to over 70,000 mega watts by 201 ...
Saturday, 16 January 10
HANDY CONTINUED FIRM CONDITIONS FOR MARKET IN THE ATLANTIC
HANDY
Continued firm conditions for the Handymax / Smax market in the Atlantic with the BSI having a continued upwards momentum. US$ 45,000 ac ...
Friday, 15 January 10
INDONESIA COAL - HEAVY RAINS HAVE LITTLE IMPACT ON COAL OUTPUT
Coal shipments from Indonesia's main coal-producing area are unlikely to be hit by heavy rains during January-February as many miners are prepared ...
Friday, 15 January 10
GOVT BRINGS IN DOMESTIC COAL MARKET OBLIGATION
The Energy and Mineral Resources Ministry has issued a ministerial decree requiring producers of coal and other minerals to allocate a proportion ...
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Showing 6081 to 6085 news of total 6871 |
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- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- The University of Queensland
- Indogreen Group - Indonesia
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
- Parliament of New Zealand
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- Mercator Lines Limited - India
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Sical Logistics Limited - India
- GMR Energy Limited - India
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
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