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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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Wednesday, 05 January 11
BUKIT ASAM TARGETS 20% BUY TO GROW COAL TRANSPORT CAPACITY - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesian coal producer Tambang Batubara Bukit Asam is considering buying an additional 20 percent stake in Bukit ...
Wednesday, 05 January 11
FLOODING IN AUSTRALIA WILL CAUSE COAL PRICES TO SPIKE AT LEAST 20 PERCENT
Rising coal prices are set to spike at least 20 per cent higher because of supply shortages due to severe flooding in Australia, adding cost pressur ...
Wednesday, 05 January 11
DRY BULK MARKET BEGINS NEW YEAR ON SOUR NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Seasonal factors like the worst flooding in Australia’s Queensland in half a century, coupled with thin trade activity has put the dry bulk ma ...
Tuesday, 04 January 11
THE WCI-CHINA ROUTE WAS TRADED IN THE MID US$ 10,000S - BRS DRY BULK
As reported by BRS Dry Bulk, after a stronger than expected performance in 2010, rates finished on a sombre note in December with the BDI at1,773 po ...
Tuesday, 04 January 11
BALI, INDONESIA HOST OF WORLD RENEWABLE ENERGY AND ENERGY EFFICIENCY CONFERENCE
Press Release - Indonesian Renewable Energy Society (METI – IRES) has launched the plan for organizing the international gathering ...
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- Coalindo Energy - Indonesia
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- The University of Queensland
- Energy Development Corp, Philippines
- Marubeni Corporation - India
- ASAPP Information Group - India
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Ministry of Mines - Canada
- Parliament of New Zealand
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- Romanian Commodities Exchange
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- Economic Council, Georgia
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
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