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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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Saturday, 26 March 11
ADARO AIMS TO DOUBLE COAL PRODUCTION -THE JAKARTA POST
The Jakarta Post reported that, coal producer PT Adaro Indonesia is planning to soon boost its production capacity to 80 million tons annually, almo ...
Friday, 25 March 11
KNOWLEDGE INFRASTRUCTURE TO BAG 160,000 MT COAL SUPPLY ORDER FROM TNPL
COALspot.com - Delhi based Knowledge infrastructure Systems Pvt. Ltd offered lowest price of US$ 97.10 per metric ton for calorific value of 6000 GA ...
Friday, 25 March 11
THE CAPESIZE MARKET CONTINUED TO FALL - FEARNBULK
Handy
The Atlantic market remains stable with more activity from the Black Sea to Feast paying in the mid 20´s on supras.
The USG remain ...
Friday, 25 March 11
BORNEO ENERGI FY10 NET INCOME SOARS - INSIDER STORIES
Coking coal producer PT Borneo Lumbung Energi Tbk (BORN) booked a skyrocket net income by 499.72% from net loss position in 2009, as quoted by Insid ...
Thursday, 24 March 11
INDIA'S CHETTINAD INTERNATIONAL COAL TERMINAL'S PERMISSIBLE DRAFT HAS INCREASED TO 13.5 M
COALspot.com - Chettinad International Coal Terminal in Ennore port has the berth with draft 13.5 Meters now, according to E-Mail statement received ...
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- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- ASAPP Information Group - India
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- PTC India Limited - India
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Independent Power Producers Association of India
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Siam City Cement - Thailand
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Rio Tinto Coal - Australia
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- Kartika Selabumi Mining - Indonesia
- Tamil Nadu electricity Board
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- London Commodity Brokers - England
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Straits Asia Resources Limited - Singapore
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- VISA Power Limited - India
- Energy Development Corp, Philippines
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
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