From pit to port: India's $10bn coal export plan  

Posted by Big Gav in , ,

The Australian has a look at an Indian corporation's plan to vertically integrate power consumption starting from Queensland's coal fields - From pit to port: India's $10bn coal export plan. When I read stories like this I tend to think averting serious global warming problems really isn't going to be easy...

INDIAN energy giant Adani Enterprises has moved foreign investment in Australia to a new level, with a $10 billion scheme to control every stage of its booming coal export business from mine to port.

In his first major interview, the chief executive of Adani's Australian operations, Jignesh Derasari, declared the company wanted to control "whatever component the coal touches", including a $3bn railway network to haul coal from the emergent Galilee Basin in central Queensland to two ports, one of which it purchased this year and the other which it will build at Dudgeon Point near Mackay.

From these outlets, Adani-owned bulk carriers would ship the coal to India to supply a chain of seven power stations operated by the company.

The scheme is one of the most ambitious vertically integrated resource developments ever proposed in Australia and comes after the federal government rejected bids by Chinese concerns to set up mine-to-port iron ore operations in Western Australia. It will make Adani India's largest single investor in this country.

The massive mine is being developed in the Galilee Basin about 400km inland of Mackay, Australia's new coal frontier, where Gina Rinehart's Hancock Prospecting and Clive Palmer's Waratah Holdings are also pursuing major developments.

Hancock Prospecting is in negotiations with Indian company GVK to sell its holdings in the area for $2bn, while Waratah has a contract to sell 30 million tonnes of coal to China over the next 20 years.

Mr Derasari's candid admission that Adani wants to control the production chain at every level from the Galilee Basin adds another dimension to the intensifying row between coal and coal-seam gas developers and farmers over land access. NSW Premier Barry O'Farrell bought into this yesterday, saying he respected "the fact that there are parts of our state which should and always will be kept as agriculture".

Mr Derasari told The Weekend Australian that vertigal integration was central to the company's development plan in the Galilee. "Whatever component the coal touches, we would like to be in control of that," he said. "So that means the mine, the rail, the port where the coal is transported out of, the ship that the coal sits on until it gets to the port in India. Then it goes on a conveyer belt to the power station."

1 comments

The Lorax   says 6:57 PM

Makes me wanna puke.

Post a Comment

Statistics

Locations of visitors to this page

blogspot visitor
Stat Counter

Total Pageviews

Ads

Books

Followers

Blog Archive

Labels

australia (615) global warming (419) solar power (392) peak oil (351) renewable energy (292) electric vehicles (245) wind power (190) ocean energy (165) csp (158) geothermal energy (144) solar thermal power (144) smart grids (140) tidal power (137) energy storage (136) oil (136) solar pv (136) coal seam gas (131) nuclear power (127) china (117) lng (116) iraq (113) geothermal power (112) green buildings (110) natural gas (110) agriculture (91) oil price (80) biofuel (78) wave power (73) smart meters (72) uk (69) coal (68) electricity grid (67) energy efficiency (64) google (58) bicycle (51) internet (51) big brother (49) shale gas (49) surveillance (49) food prices (48) tesla (42) thin film solar (42) biomimicry (40) canada (40) scotland (38) ocean power (37) politics (37) shale oil (37) new zealand (35) air transport (34) algae (34) water (34) concentrating solar power (33) arctic ice (32) queensland (32) saudi arabia (32) california (31) credit crunch (31) bioplastic (30) offshore wind power (30) population (30) cogeneration (28) geoengineering (28) batteries (26) drought (26) resource wars (26) woodside (26) bruce sterling (25) censorship (25) cleantech (25) ctl (23) carbon tax (22) economics (22) exxon (22) limits to growth (22) buckminster fuller (21) distributed manufacturing (21) iraq oil law (21) lithium (21) coal to liquids (20) indonesia (20) origin energy (20) brightsource (19) rail transport (19) ultracapacitor (19) santos (18) ausra (17) collapse (17) electric bikes (17) michael klare (17) atlantis (16) cellulosic ethanol (16) iceland (16) mapping (16) ucg (16) bees (15) concentrating solar thermal power (15) ethanol (15) geodynamics (15) lithium ion batteries (15) psychology (15) al gore (14) brazil (14) bucky fuller (14) carbon emissions (14) fertiliser (14) ambient energy (13) biodiesel (13) cities (13) investment (13) kenya (13) matthew simmons (13) public transport (13) biochar (12) chile (12) desertec (12) internet of things (12) otec (12) texas (12) victoria (12) big oil (11) cradle to cradle (11) energy policy (11) hybrid car (11) terra preta (11) tinfoil (11) toyota (11) amory lovins (10) antarctica (10) fabber (10) gazprom (10) goldman sachs (10) gtl (10) severn estuary (10) volt (10) afghanistan (9) alaska (9) biomass (9) carbon trading (9) distributed generation (9) esolar (9) four day week (9) fuel cells (9) jeremy leggett (9) methane hydrates (9) pge (9) sweden (9) arrow energy (8) eroei (8) fish (8) floating offshore wind power (8) guerilla gardening (8) linc energy (8) methane (8) nanosolar (8) natural gas pipelines (8) pentland firth (8) relocalisation (8) saul griffith (8) stirling engine (8) us elections (8) western australia (8) airborne wind turbines (7) bloom energy (7) boeing (7) bolivia (7) chp (7) climategate (7) copenhagen (7) scenario planning (7) vinod khosla (7) apocaphilia (6) ceramic fuel cells (6) cigs (6) futurism (6) jatropha (6) local currencies (6) nigeria (6) ocean acidification (6) somalia (6) t boone pickens (6) space based solar power (5) varanus island (5) garbage (4) global energy grid (4) kevin kelly (4) low temperature geothermal power (4) oled (4) tim flannery (4) v2g (4) club of rome (3) norman borlaug (2) peak oil portfolio (1)