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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, 11 August 10
BANPU SECURES TAKEOVER LOAN - BANGKOK POST
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, has secured loans worth US$2 billion from Thai and foreign banks to proceed with ...
Tuesday, 10 August 10
KOREA'S EWP TO BUY 4 MILLION TON OF 3700 AND 4600 NAR COAL AT FIXED PRICE
COALspot.com: Korean utility East-West Power out with the tender to buy 0.670 million tons with a minimum calorific value of 4600 NAR and 0.350 mill ...
Tuesday, 10 August 10
COAL CONSTRAINS CORE SECTOR GROWTH IN JUNE 2010
Growth in the six key infrastructure sectors decelerated for the third month in June. This is primarily due to last year’s high base effect. D ...
Sunday, 08 August 10
SOUTH AFRICA INCREASES COAL EXPORTS TO INDIA BY 74% IN JULY, TRADER SAYS
South Africa’s Richards Bay, the continent’s largest coal terminal, increased sales to India by 74 percent in July from June, according ...
Saturday, 07 August 10
INDIAN COAL IMPORTS WILL PLAY AN IMPORTANT PART IN KEEPING THE FREIGHT MARKET FIRM IN FUTURE - VISTAAR
COALspot.com: The freight market was volatile with market ending firmed and the BDI crossing 2000 points up by 3 pct, however the BCI was up by 14 p ...
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- Asmin Koalindo Tuhup - Indonesia
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Parliament of New Zealand
- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- Interocean Group of Companies - India
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- Minerals Council of Australia
- Bhatia International Limited - India
- Australian Coal Association
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- The University of Queensland
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Central Java Power - Indonesia
- SMC Global Power, Philippines
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Planning Commission, India
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- San Jose City I Power Corp, Philippines
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