Tuesday, Dec27, 2011
KOLKATA: NTPC will invite expressions of interest next month for importing coal on a 10-15 years contract from foreign coal producers, chairman Arup Roy Choudhury said. The largest power generator hopes to start imports within the next financial year and will start with about 16 million tonnes. "To begin with, we will import about 15-16 million tonnes of coal through long-term contracts that we are planning to strike with overseas coal suppliers. This volume will increase gradually to about 24 million tonnes in the next few years as our requirement for coal increases," Roy Choudhury said.
"At present we require about 160 million tonnes of coal per year. This year we are importing about 16 million tonnes from the international spot market. However, as our capacity increases over the next couple of years, our requirement is expected to touch 240 million tonnes in the short run. The plan is to import at least 10% of our coal requirement through this contract," he said. Striking long-term import contract will help NTPC source coal at a price which is less than spot market prices.
It will also offer the company some sort of hedge against coal price fluctuation in the short term. This initiative will, however, go in tandem with its effort to acquire coal bearing assets in foreign countries. Coal India had also taken up a similar initiative where it intended to enter into 10-year contract with overseas suppliers for importing coal at a discount over spot market prices.
NTPC was one of the interested consumers and it wanted to take about 10 million tonnes of coal imported by Coal India. However, CIL's initiative did not yield much result as the prices offered by overseas companies turned out to be higher than spot prices. This forced CIL to put this venture on the back burner. "We had shown interest in sourcing coal from Coal India, but they did not get back to us with the final prices and other required details. Nevertheless, as CIL did not turn up, we have now decided to take up the initiative on our own although we would still want CIL to import coal for us," Roy Choudhury said.
"We would like to source around 70 % of our coal requirements from Coal India, 20% from our captive mines and about 10 % from imports. The mines we have been allotted has a reserve of 1.8 billion tonnes and production from some of these will start soon," Roy Choudhury said.
(sourced ET)
Showing posts with label India's NTPC Coal tender. Show all posts
Showing posts with label India's NTPC Coal tender. Show all posts
Tuesday, December 27, 2011
Friday, December 2, 2011
NTPC seeks fresh bids for coal
Friday, 02 Dec 2011
India’s biggest power producer NTPC is seeking fresh bids for 4 million metric tonnes of coal from overseas after scrapping a previous tender.
Mr Arup Roy Choudhury chairman of NTPC said that the utility has taken steps to promote competition this time after a disappointing response to the previous invitation.
Mr Choudhury said that NTPC previously invited bids by May 26 for a single contract to supply 4 million tonnes of coal needed at 14 of its power plants. This time, orders may be awarded to as many as five suppliers.
Coal production growth in India has slowed after delays in environmental approvals and land acquisition for mines. The commodity is used to fire more than half of the electricity generation capacity in Asia’s second-biggest energy consumer.
(Sourced from Bloomberg)
India’s biggest power producer NTPC is seeking fresh bids for 4 million metric tonnes of coal from overseas after scrapping a previous tender.
Mr Arup Roy Choudhury chairman of NTPC said that the utility has taken steps to promote competition this time after a disappointing response to the previous invitation.
Mr Choudhury said that NTPC previously invited bids by May 26 for a single contract to supply 4 million tonnes of coal needed at 14 of its power plants. This time, orders may be awarded to as many as five suppliers.
Coal production growth in India has slowed after delays in environmental approvals and land acquisition for mines. The commodity is used to fire more than half of the electricity generation capacity in Asia’s second-biggest energy consumer.
(Sourced from Bloomberg)
Tuesday, November 22, 2011
NTPC issues tenders 4 million tonnes of steam coal
Tuesday, 22 Nov 2011
Country's top power producer NTPC recently floated tenders for importing 4 million tonnes of coal for 14 of its projects. The company has scrapped an earlier tender of the same amount to change certain technical specifications.
The company floated four tenders for supply to projects including Farakka, Khalgaon, Simhadri, Talcher, Singrauli, Dadri, Sipat and Rihand.
The tender said that the selected bidder would be responsible for sourcing non coking coal and delivering it till various NTPC power stations. Scope of work includes supply of imported non-coking steam coal to NTPC at Indian ports, storage, port clearances, arranging railway rakes, transportation and delivery at NTPC power station.
NTPC estimates total coal requirement of about 162 million tonnes during the current year and targets importing 16 million tonnes. It has already signed an agreement with state run State Trading Corp for importing 12 million tonnes.
It said that the company would finance the tender through its internal resources. The bid documents will be available for a month.
(Sourced from ET)
Country's top power producer NTPC recently floated tenders for importing 4 million tonnes of coal for 14 of its projects. The company has scrapped an earlier tender of the same amount to change certain technical specifications.
The company floated four tenders for supply to projects including Farakka, Khalgaon, Simhadri, Talcher, Singrauli, Dadri, Sipat and Rihand.
The tender said that the selected bidder would be responsible for sourcing non coking coal and delivering it till various NTPC power stations. Scope of work includes supply of imported non-coking steam coal to NTPC at Indian ports, storage, port clearances, arranging railway rakes, transportation and delivery at NTPC power station.
NTPC estimates total coal requirement of about 162 million tonnes during the current year and targets importing 16 million tonnes. It has already signed an agreement with state run State Trading Corp for importing 12 million tonnes.
It said that the company would finance the tender through its internal resources. The bid documents will be available for a month.
(Sourced from ET)
Monday, November 21, 2011
NTPC floats tender for importing 4 mt of coal
New Delhi, Nov. 21:
NTPC Ltd has floated a tender on Monday for importing 4 million tonnes of coal to bridge the shortfall of the fuel from domestic sources.
The country's biggest power producer has decided to import the coal directly, rather than depend on designated trading agencies, to cut down on delays. Coming at a time when the rupee has weakened sharply against the dollar, higher coal imports by NTPC could spell bad news for consumers as the move could impact power tariffs. NTPC consumes around 164 million tonnes of coal a year to fire over two-thirds of its installed generation capacity of around 35,000 MW.
The imported coal is to be used across 14 of the power major's thermal stations in the coming months. NTPC is already in a pact to import around 12 million tonnes of coal through State Trading Corporation. The new tender, along with the STC contract, would make up the company's coal import target of 16 million tonnes set for the current fiscal.
In the coming future, NTPC is looking at striking long-term contracts spanning 25 years for sourcing 10-15 million tonnes to ensure steady supplies and lower price volatility.
NTPC's average imported coal blending during 2010-11 was close to 8 per cent in comparison to about 6.5 per cent in the previous year. This could be much higher this year, as the domestic coal shortage is only getting worse and imports are surging.
In the long-term, the state-owned power utility aims to meet about 20 per cent of its coal needs through captive mines by 2017. The Centre has allotted seven mines to NTPC, including two blocks to be developed through joint ventures.
(sourced BusinessLine)
NTPC Ltd has floated a tender on Monday for importing 4 million tonnes of coal to bridge the shortfall of the fuel from domestic sources.
The country's biggest power producer has decided to import the coal directly, rather than depend on designated trading agencies, to cut down on delays. Coming at a time when the rupee has weakened sharply against the dollar, higher coal imports by NTPC could spell bad news for consumers as the move could impact power tariffs. NTPC consumes around 164 million tonnes of coal a year to fire over two-thirds of its installed generation capacity of around 35,000 MW.
The imported coal is to be used across 14 of the power major's thermal stations in the coming months. NTPC is already in a pact to import around 12 million tonnes of coal through State Trading Corporation. The new tender, along with the STC contract, would make up the company's coal import target of 16 million tonnes set for the current fiscal.
In the coming future, NTPC is looking at striking long-term contracts spanning 25 years for sourcing 10-15 million tonnes to ensure steady supplies and lower price volatility.
NTPC's average imported coal blending during 2010-11 was close to 8 per cent in comparison to about 6.5 per cent in the previous year. This could be much higher this year, as the domestic coal shortage is only getting worse and imports are surging.
In the long-term, the state-owned power utility aims to meet about 20 per cent of its coal needs through captive mines by 2017. The Centre has allotted seven mines to NTPC, including two blocks to be developed through joint ventures.
(sourced BusinessLine)
Tuesday, April 26, 2011
NTPC call Tender for 4 MLN Ton of Non Coking Coal
Tuesday, 26 April 11
NTPC Limited, incorporated in 1975 as a public sector company wholly owned by Government of India, is the largest thermal power generating company of the country, with a installed capacity over 34,194 MW is seeking to procure 4 million MT +/- 2 percent of Non-Coking imported Coal with Gross Calorific Value (ADB) 6300 Kcal/Kg, on delivered on “FOR Destination” basis at NTPC Power Stations, according to the tender IFB NO: CS-0000-010(1)-9 dated 25.04.2011.
Total quantity of 4 MMT (+/- 2%) of imported coal should be delivered in a continuous 8 (Eight) months period starting from March 2012.
Bid documents will be available from April 27 to May 26, according to the company’s website.
Bidders are request to offer price based on On “FOR Destination” basis at NTPC Power Stations inclusive of all port charges and arrange delivery of such Coal to NTPC site by wagons (all activities of stevedoring, handling, arranging railway rakes, loading, transportation etc are in supplier’s scope), the tender terms said.
According to the tender issued on 25th April 2011, the quality of coal should be Gross Calorific Value (adb) 6300 Kcal/Kg basis and will be rejected if GCV is below 5800 kcal/kg. Total Moisture (arb) 16 pct basis and above 20 pct will be rejected. The Ash content (adb) 20 pct max , Sulphur (ADB) 0.9 pct max and Volatile Matter (adb) 30 to 50 pct and above 50 pct will be rejected.
Suppliers are requested to submit offers by July 12, 2011 by 1100 Hrs Indian strandard time.(cs) sourced:COALspot
Total quantity of 4 MMT (+/- 2%) of imported coal should be delivered in a continuous 8 (Eight) months period starting from March 2012.
Bid documents will be available from April 27 to May 26, according to the company’s website.
Bidders are request to offer price based on On “FOR Destination” basis at NTPC Power Stations inclusive of all port charges and arrange delivery of such Coal to NTPC site by wagons (all activities of stevedoring, handling, arranging railway rakes, loading, transportation etc are in supplier’s scope), the tender terms said.
According to the tender issued on 25th April 2011, the quality of coal should be Gross Calorific Value (adb) 6300 Kcal/Kg basis and will be rejected if GCV is below 5800 kcal/kg. Total Moisture (arb) 16 pct basis and above 20 pct will be rejected. The Ash content (adb) 20 pct max , Sulphur (ADB) 0.9 pct max and Volatile Matter (adb) 30 to 50 pct and above 50 pct will be rejected.
Suppliers are requested to submit offers by July 12, 2011 by 1100 Hrs Indian strandard time.(cs) sourced:COALspot
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Friday, March 4, 2011
India's NTPC to issue import tender for 4 mln T coal
Fri Mar 4, 2011 4:31am GMT
* State-run utility's first tender to directly import coal
* Says FY12 coal import seen at 16 mlnT vs 12.5 mlnT in FY11
* Aims to add over 5,000 MW in FY12 vs 3,150 MW in FY11
* State-run utility's first tender to directly import coal
* Says FY12 coal import seen at 16 mlnT vs 12.5 mlnT in FY11
* Aims to add over 5,000 MW in FY12 vs 3,150 MW in FY11
NEW DELHI, March 4 (Reuters) - India's largest power producer, NTPC Ltd (NTPC.BO: Quote), will this month float its first tender to directly import 4 million tonnes of coal to feed its expanding capacity, its chairman said on Friday.
Arup Roy Choudhury said the state-run utility, which had relied on government trading firms such as MMTC Ltd (MMTC.BO: Quote) and State Trading Corp of India (STC) (STCI.BO: Quote) for imports, would consume 12.5 million tones of imported coal in the current year ending on March 31.
"Next fiscal we plan to import 16 million tones. Of this 12 million tonnes have already been arranged by STC, and remaining we will do directly. By March 31 we will float the coal import tender for 4 million tonnes," he said.
NTPC would be seeking 5,700-6,300 gross calorific value coal through the tender and would want sellers to deliver coal at its plants, Roy Choudhury said.
India has 10 percent of the world's coal reserves, the biggest after the United States, Russia and China, but imports have grown rapidly and the country plans to import 84 million tonnes in the current financial year.
Coal-fired plants account for about half of India 168 gigawatts installed capacity.
NTPC aims to add more than 5,000 megawatts (MW) generation capacity in the next fiscal year versus about 3,150 MW in the current fiscal, Roy Choudhury said.
India needs to significantly raise its power generation capacity to reduce peak hour power shortages and provide electricity to millions of rural households.
NTPC's coal import requirement is set to rise further as it aims to have 75,000 MW generation capacity by March 2017, as against 33,000 MW now, Roy Choudhury said. (Reporting by Nidhi Verma; Editing by Ranjit Gangadharan,sourced:Thomson Reuters)
Arup Roy Choudhury said the state-run utility, which had relied on government trading firms such as MMTC Ltd (MMTC.BO: Quote) and State Trading Corp of India (STC) (STCI.BO: Quote) for imports, would consume 12.5 million tones of imported coal in the current year ending on March 31.
"Next fiscal we plan to import 16 million tones. Of this 12 million tonnes have already been arranged by STC, and remaining we will do directly. By March 31 we will float the coal import tender for 4 million tonnes," he said.
NTPC would be seeking 5,700-6,300 gross calorific value coal through the tender and would want sellers to deliver coal at its plants, Roy Choudhury said.
India has 10 percent of the world's coal reserves, the biggest after the United States, Russia and China, but imports have grown rapidly and the country plans to import 84 million tonnes in the current financial year.
Coal-fired plants account for about half of India 168 gigawatts installed capacity.
NTPC aims to add more than 5,000 megawatts (MW) generation capacity in the next fiscal year versus about 3,150 MW in the current fiscal, Roy Choudhury said.
India needs to significantly raise its power generation capacity to reduce peak hour power shortages and provide electricity to millions of rural households.
NTPC's coal import requirement is set to rise further as it aims to have 75,000 MW generation capacity by March 2017, as against 33,000 MW now, Roy Choudhury said. (Reporting by Nidhi Verma; Editing by Ranjit Gangadharan,sourced:Thomson Reuters)
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