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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, 20 April 10
INDO HARUM ENERGY WINS US$200MN LOAN PLEDGE FROM BANK SYNDICATE
Indonesian coal producer PT Harum Energy has secured a loan commitment of US$200 million from a syndicate of six banks.
Bank of Tokyo Mitsubishi ...
Tuesday, 20 April 10
PACIFIC SUPRA MARKET WAS STILL SOFTENING - BRS
A modest increase in dry bulk rates this week with activity picking up in the middle of the week. Panamax rates remain above the Capes, and there wa ...
Monday, 19 April 10
IS CHINA TO SUFFER NEW COAL SUPPLY SHORTAGE IN 2010? - XINHUA
Is China likely to suffer a new coal supply shortage in 2010? It's a question haunting many Chinese market analysts now. After a string of several ...
Monday, 19 April 10
WHITE ENERGY BUYS SA COAL - ABC NET
ABC Net reported that, South Australian Coal Limited is being bought by the New South Wales company White Energy.
Shareholders will get a combine ...
Monday, 19 April 10
PLN TO OPERATE COAL MINES IN BID TO FUEL POWER PLANTS
The Jakarta Globe reported that, state electricity utility PT Perusahaan Listrik Negara said on Sunday that it aimed to take over operation of small ...
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- Indian Oil Corporation Limited
- The University of Queensland
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- Salva Resources Pvt Ltd - India
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- Rio Tinto Coal - Australia
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- Electricity Authority, New Zealand
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- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
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- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
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- Petron Corporation, Philippines
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- Karbindo Abesyapradhi - Indoneisa
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- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Posco Energy - South Korea
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
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- Bulk Trading Sa - Switzerland
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- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- New Zealand Coal & Carbon
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- Directorate General of MIneral and Coal - Indonesia
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- Mercator Lines Limited - India
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- Eastern Energy - Thailand
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- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
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- Kaltim Prima Coal - Indonesia
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- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
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- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Baramulti Group, Indonesia
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- Economic Council, Georgia
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
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- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
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- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
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