Jharkhand coal prop for NTPC
NTPC Ltd, the country's largest thermal power producer, has struck coal from the seams of the Pakri Barwadih mine in Jharkhand after the removal of around 7 lakh cubic metres of rock and soil overlying a mineral deposit.
NTPC officials said the power producer was expected to lift coal from the mine. "Coal transportation tender and construction of way-bridge are in advanced stages to facilitate coal evacuation," a senior official said said.
"Coal production will commence shortly from this mine and can be supplied to any project of the company. This is a major step towards building assured fuel supply for the company," NTPC said in a statement.
The Bandag-Hazaribag railway siding has already become operational to transport coal from Pakri Barwadih.
The Centre has allocated 10 mines to NTPC with total estimated reserves of 7.3 billion tonnes. The company expects to lift around 107 million tonnes (mt) per annum once the blocks become operational.
Besides Pakri-Barwadih, Chatti-Bariatu, Kerandari, Talaipalli, Dulanga, Banai, Bhalumuda and Mandakini - B are among the other blocks that were allocated to the power company to meet its captive requirement.
NTPC said it was in advanced stages of awarding the contract for the appointment of a mining-cum-development operator for two of its mines. Exploration at the other blocks is underway.
In a communication to the shareholders, NTPC chairman and managing director Gurdeep Singh has said different projects with an aggregate capacity if 24,000 mega watt (MW) is under implementation (including renewable energy projects) at 23 locations across the country. This includes 4,050MW being undertaken through joint venture and subsidiary companies. Total capital expenditure across the projects stands at around Rs 160,000 crore.
As of September, NTPC's installed capacity was 47,228MW, including 800MW of hydro-electricity and 360MW of solar power. In 2016-17, NTPC plans to add around 4,500MW to its generation capacity.
http://www.telegraphindia.com/1161209/jsp/business/story_123720.jsp#.WEo3QNJ950w
All India Coal Production target for 2016-17 fixed at 724.71 MT: Shri Piyush Goyal
All India Coal Production target for 2016-17 fixed at 724.71 MT: Shri Piyush Goyal
A roadmap has been prepared by Coal India Limited (CIL) to substantially enhance production of coal to 1 Billion Tonnes by 2019-20 from the current level of production of 538.75 MT in 2015-16. As per Annual Plan document of Ministry of Coal, all India target of coal production for 2016-17 was fixed at 724.71 MT. This was stated by the Union Minister of State (IC) For Power, Coal, New & Renewable Energy and Mines, Shri Piyush Goyal, in a written reply, in Lok Sabha today.
Shri Goyal informed the house that the focus of the Government is to increase the domestic production of coal which includes efforts to expedite Environment clearances & Forest clearances, pursuing with State Government for assistance in land acquisition and coordinated effort with Railways for movement of coal. This includes capacity addition from new projects, use of mass production technologies and identification of existing on-going projects with growth potential.
The Minister added that steps have also been taken by CIL and its subsidiaries to improve the production of coal by adopting latest available technologies such as Continuous Miners, Selective Mining, Surface Miners and clean Coal Technologies, Coal sizing and sampling technologies.
RM/VM/LS-US3879
http://www.business-standard.com/article/government-press-release/all-india-coal-production-target-for-2016-17-fixed-at-724-116120801193_1.html
Coal policy shift hits thermal projects - 19 power plants yet to take off
ineteen thermal projects, for which MoUs were signed between 2009 and 2011, are yet to see the light of the day allegedly because Odisha has been left with no say in the central government's new coal block allotment policy.
This comes to light at a time when the "pro-industry" state government is boasting of attracting investment worth more than Rs 3 lakh crores through the recently concluded Make in Odisha Conclave.
The state government had signed MoUs with 27 power producers to produce 36,830 megawatt of electricity. But, only four projects have gone on steam, while construction is going on in another four.
State energy minister Pranab Prakash Das blamed the central government's change in coal allotment policy as the main cause behind the setback.
"Most of these units (those who have not started their projects), are not being able to arrange finances. Now that the coal blocks are being auctioned, it has become difficult for these firms to pursue their projects earnestly," he told The Telegraph.
Das said that the state government had managed to woo these power companies because the state earlier had a say in allocation of coal blocks to industrial units coming to the state. Now that the policy has been changed, the state government was trying its best to attract power companies through other kind of incentives, such as facilitating necessary formalities to set up units.
The industrial units that have already commissioned their projects are: Sesa Sterlite (2,400MW) in Jharsuguda, GMR Kamalanga Energy Limited (1,050MW) in Dhenkanal and Jindal India Thermal Power Limited (1,200MW) in Angul. Ind Barath Energy (Utkal) Private Limited at Lakhanpur in Jharsuguda has started partial production.
The four industries that are in various stages of construction are Monnet Power Company Ltd (1,050MW) at Chhendipada in Angul, Lanco Babandh Power Ltd (1,320MW) at Kurunti in Dhenkanal, KVK Nilachal Power Pvt Ltd (1,050MW) at Athgarh in Cuttack district and Maa Durga Thermal Power Company Ltd (200MW) at Tangi in Cuttack.
Prominent among the power plants that are yet to take off are those of Tata Power Company, Bhushan Energy Limited, Visa Power Limited, Jindal Steel & Power Limited, JSL Energy Limited and Astaranga Power Company Limited.
http://www.telegraphindia.com/1161209/jsp/frontpage/story_123713.jsp#.WEo3T9J950w
Huge jump in Chinese iron ore, coal imports
The import price of 62% Fe content ore at the port of Tianjin raced 4.8% higher to $82.40 per dry metric tonne on Wednesday.
The benchmark is now trading at its highest since the beginning of September 2014. Year to date the price of the steelmaking raw material is up 92.3% following near-decade lows in December last year according to data supplied by The Steel Index.
Trade figures released on Thursday reported by Asia Times show China imported just under 92 million tonnes of iron ore in November, up 13.8% month on month and the third highest volumes on record.
The total value of cargoes climbed $5.5 billion, with the average import price slightly over $60 per tonne. The all-time record in terms of dollar value was set in January 2014, when the country imported $11.3 billion worth of iron ore back when prices were firmly in triple digit territory.
The all-time record for monthly Chinese imports in terms of volume was in December last year with shipments totalling 96.3 million tonnes. The price of iron ore fell to below $40 a tonne, the lowest in nearly a decade during that month.
Forging more than half the world's steel, Chinese imports of iron ore is set to top a billion tonnes for the first time this year.
Coal imports more than doubled from a year ago, to 27 million tonnes worth $1.7 billion during the month November. According to Asia Times, the total volume of coal imports for the first 11 months is up 9.2% compared to last year.
http://www.mining.com/huge-jump-chinese-iron-ore-coal-imports/
Warm Regards
Anurag Singal
Sr Manager –Business Development
Essel Mining & Industries Ltd
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