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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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Monday, 04 October 10
2 BLN TONS OF COAL RESERVES DISCOVERED IN SOUTHERN PAKISTAN - XINHUA / HELLENIC SHIPPING
Xinhua and Hellenic Shipping reporte dhtat, the discovery of at least two billion tons of usable coal reserves has been confirmed in one of the ...
Sunday, 03 October 10
THE BDI WAS JUST INCREASED BY 8 POINTS AND CLOSED AT 2452 POINTS LAST FRIDAY - VISTAAR
COALspot.com: The BDI was almost at same levels and just increased by 8 points and closed at 2452 points , however the cape index was up by al ...
Sunday, 03 October 10
NALCO TO FINALIZE INDONESIA COAL DEAL BY JANUARY - HINDUSTAN TIMES
HindustanTimes reported that, state-owned National Aluminium Company (NALCO) will finalise a deal with a coal source in Indonesia for its $4 billion ...
Sunday, 03 October 10
INDONESIA WILL BECOME A NET IMPORTER OF ENERGY IN 2030 - BPPT
Jakarta Updates reported that,Indonesian Agency for the Assessment and Application of Technology (BPPT) predicted that the energy situation in Indon ...
Saturday, 02 October 10
FOUR INDONESIAN COAL FIRMS KEEN TO TIE UP WITH NALCO - SIFY
Sify reported that, Four Indonesian coal companies have shown interest to tie up with public sector National Aluminium Company (Nalco) for its 4 bil ...
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- Bukit Asam (Persero) Tbk - Indonesia
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- Medco Energi Mining Internasional
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bangladesh Power Developement Board
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Sical Logistics Limited - India
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
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