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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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Friday, 01 April 11
DRY BULK MARKET WEAKENS ON SLOWER DEMAND, HOPES FOR MID-TERM REBOUND ON JAPANS RECONSTRUCTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market, as reflected in the Baltic Dry Index (BDI) retreated for a third day yesterday, after staying flat on Monday, to end at 1,530 p ...
Wednesday, 30 March 11
CHALLENGER SIGNS OPTION AGREEMENTS TO PURCHASE FOUR COAL PROJECTS IN INDONESIA
Challenger Signs Three Exclusive Option Agreements to Purchase Four Coal Projects in East Kalimantan, Indonesia
Challenger Deep Resources Corp.ha ...
Wednesday, 30 March 11
KPCL TO IMPORT ONE MILLION TONS OF 6300 GAD COAL
COALspot.com - Karnataka Power Corporation a state utility of Karnataka, India called for open tender for supply of one million tons of 6300 Kcal/kg ...
Wednesday, 30 March 11
WIKA GRABS PROJECT FROM ADARO INDONESIA - INSIDER STORIES
One of Indonesia's largest thermal coal PT Adaro Indonesia has finally mandated PT Wijaya Karya Tbk (WIKA) as a contractor to install and manage ov ...
Tuesday, 29 March 11
JAPAN FACTOR RIPPLING THROUGH THE SHIPPING MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the world watching the latest developments regarding the nuclear crisis in Japan and the devastating effects of the recent tragedy that struck ...
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- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Thai Mozambique Logistica
- Minerals Council of Australia
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Kumho Petrochemical, South Korea
- Australian Coal Association
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- Deloitte Consulting - India
- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- ASAPP Information Group - India
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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