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Sunday, 01 January 12
IS INDIA FOLLOWING INDONESIA TO STANDARDIZE COAL PRICES TO GET MAXIMUM BENEFITS?
 COALspot.com - Coal India limited, an Indian state owned and world largest coal producer has introduced gross calorific value (GCV) based pricing mechanism by January 1, 2012.
The BoD of Coal India Ltd on Friday approved a proposal to adopt the internationally accepted, gross calorific value (GCV) based pricing mechanism beginning 2012. The GCV based pricing mechanism will replace existing useful heat value (UHV) pricing mechanism.
According to media reports, new coal prices, dearer by 12-15 percent, is expected to push up power generation cost by at least US$ 0.00753 per unit. Indian UMPP’s, already affected due to Indonesian regulation that requires all the coal suppliers to follow government bench-mark pricing mechanism for coal transaction. UMMP’s have appealed to the government for a power tariff rise. If Coal India’s new coal-price structure pushes the prices of indigenous coal upward, then power producers may push the government for a tariff increase to secure bottom-line of company to keep the industry alive.
Times of India reported that, January 1, coal will be sold in 17 price brands starting from the variety that produces 2,200 kcal/kg to one that produces 7,000 kcal/kg. In between, there are 15 price bands, each at an incremental rise of 300 kcal/kg. Times of India has not reported anything about price adjustment for ash content.
Imported coal
As Coal India moving from UHV pricing mechanism to GCV based mechanism, Indian utilities in the opinion that, the imported coal prices may be competitive in the future for utilities who are currently using only indigenous coal due to price as well as the quality. Indian coal used to be higher ash content compared to imported coal.
"Even if we want to use more coal of higher calorific value, CIL cannot supply it. So we will be using the same coal but paying more," said a utility official, as quoted by times of India. If Coal India fails to fulfill customers' requirements for higher GCV coal when they willing to pay high, then there is possibility utilities looking for imported coal.
However, it is not clear that, whether Coal India will also introduce a coal price index, or it will go with a fixed pricing mechanism for a specific period. Incase coal India follows Indonesian coal pricing structure and tries to introduce index based pricing mechanism for its coal, then indigenous coal prices will also vary based on monthly international indices.
According to media reports, coal India has released price structure to its customers, which has not published for public.
Media reports further said, while those using coal of B, G and F grades will not be affected as new prices will be either same or lower, but those using other coal grades will be extremely affected.
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Thursday, 25 August 11
OPG EXPECTS COAL PRICES TO REMAIN FIRM IN THE SHORT TERM
COALspot.com - Revenue of OPG, the developer and operator of Group Captive power plants in India up 188% to £33.15m and Income from continuing ...
Thursday, 25 August 11
PAITON POWER LOOKING FOR 3.96 MILLION TONS OF COAL
COALspot.com - PT Pembangkit Jawa Bali (PJB) is looking for 3.96 million tons coal with calorific value 4,800 kcal/kg on as received basis. Accordin ...
Tuesday, 23 August 11
ICMA CALLS GOVERNMENT TO REVIEW EXPORT BAN REGULATION
COALspot.com - Chairman of the Indonesian Coal Mining Association (ICMA) Bob Kamandanu asks the government to review the regulation that being draft ...
Tuesday, 23 August 11
ADARO ENERGY ACQUIRES 75% STAKE OF PT MUSTIKA INDAH PERMAI FOR US$ 222.5 MILLION
COALspot.com - PT Alam Tri Abadi, a wholly owned subsidiary of PT Adaro Energy Tbk, signed a share purchase agreement to acquire a 75% stake of PT M ...
Tuesday, 23 August 11
COAL DEMAND IS REMAINED STRONG IN SPITE OF CURRENT GLOBAL ECONOMIC UNCERTAINTY - BUMI
COALspot.com - Indonesia's largest coal producer, PT Bumi Resources, Tbk (BUMI)'s sales revenue has increased to US$1.79 billion (compared with US ...
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- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Commonwealth Bank - Australia
- Central Java Power - Indonesia
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Grasim Industreis Ltd - India
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Coal and Oil Company - UAE
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
- Planning Commission, India
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
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