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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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Saturday, 10 April 10
VESSELS OPEN N. CHINA WERE SEEN FIXED AT HIGH TEENS FOR TRIP VIA INDONESIA TO INDIA - VISTAAR SINGAPORE
COALspot.com: The BDI indices was almost at same levels was down by only 2.6 pct.
The cape index was down by almost 13 pct, which appears to be s ...
Saturday, 10 April 10
KRISHNAPATNAM PORT GROWS BY ALMOST 100% IN ITS SECOND YEAR OF OPERATIONS
COALspot.com ( Press Release): It has been a year of setting numerous records for Krishnapatnam Port. Krishnapatnam Port is only in its second year ...
Saturday, 10 April 10
TRANS-ASIA SEEKS SEMIRARA, INDO SUPPLIERS FOR COAL POWER PLANT - MANILA STANDARD TODAY
Manila Standard Today reported that, Trans-Asia Oil & Energy Development Corp., a unit of the Phinma Group, will tap Semirara Mining Corp. ...
Thursday, 08 April 10
THE FAR EAST SHIPPING MARKET FIRMING SINCE THE LAST WEEK
Handy
Little fresh interest early this week after the holidays. The BSI saw yest ...
Thursday, 08 April 10
INDONESIAN ENERGY MINISTRY SEEKS LONGER MINING CONTRACTS - THE JAKARTAGLOBE
The Jakarta Globe reported that, Energy Minister Darwin Zahedy Saleh said he would seek to amend the mining law to address investors’ complain ...
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- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Minerals Council of Australia
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- Central Java Power - Indonesia
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- Cement Manufacturers Association - India
- Semirara Mining and Power Corporation, Philippines
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- PTC India Limited - India
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
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