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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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Tuesday, 14 September 10
MID HIGH TEENS FROM WCI, AND HIGH TEENS FROM ECI TO CHINA - BRS
A fairly flat market for the dry bulk segments this week, although the Panamaxes jumped on the back of strong grain exports in the Atlantic. It ...
Tuesday, 14 September 10
HIGH CHARTERING ACTIVITY NEEDS TO KEEP UP FOR DRY BULK RATES TO REMAIN HIGH
Last week’s increase of spot chartering activity pushed dry bulk freight rates to new highs, after a less than lackluster summer. As a result, ...
Monday, 13 September 10
GLENCORE BUYS STAKE IN MINER BUMI
The Jakarta globe reported that, Switzerland-based Glencore International, the world’s largest commodities trader, has quietly acquired a $200 ...
Monday, 13 September 10
IT'S JAI INDONESIA FOR OUR POWER FIRMS
Indian power producers have been compelled to look abroad for fuel to run upcoming facilities, as domestic generation is unlikely to be able to meet ...
Monday, 13 September 10
CIL IN TALKS WITH SHIPPING CORP TO FORM JV FOR COAL IMPORTS
Shipping Corporation of India, the largest domestic shipping liner, may form a joint venture with Coal India for coal imports, a top company officia ...
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- Indika Energy - Indonesia
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- Coal and Oil Company - UAE
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- Commonwealth Bank - Australia
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- Orica Mining Services - Indonesia
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- Goldman Sachs - Singapore
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- PNOC Exploration Corporation - Philippines
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- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
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- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
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- Timah Investasi Mineral - Indoneisa
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- Georgia Ports Authority, United States
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- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- Bhatia International Limited - India
- The Treasury - Australian Government
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- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
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- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- Coalindo Energy - Indonesia
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- Ministry of Finance - Indonesia
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- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- India Bulls Power Limited - India
- ASAPP Information Group - India
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
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- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
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- Parliament of New Zealand
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- New Zealand Coal & Carbon
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- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
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- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
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- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Planning Commission, India
- Power Finance Corporation Ltd., India
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
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- PetroVietnam Power Coal Import and Supply Company
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
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- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- Central Electricity Authority - India
- Electricity Generating Authority of Thailand
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- Directorate Of Revenue Intelligence - India
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- MS Steel International - UAE
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
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- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
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- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
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