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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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Thursday, 25 March 10
THE INDIAN MARKET IS STILL FIRM - FEARNLEYS AS
Handy
A sluggish start to the week in the Atlantic with little fresh busin ...
Tuesday, 23 March 10
NINE COMPANIES WIN 20-YEAR COAL CONTRACTS - TEMPO
Tempo Interactive reported that, State Eletricity Company (Perusahaan Listrik Negara) revealed four joint ventures and one company winning coa ...
Monday, 22 March 10
INDONESIA`S MERUKH WINS US$3 BLN SWISS CONTRACT TO SUPPLY COAL - ANTARA
Antara Reported that, Indonesia's PT Merukh Enterprises said it has secured a 30-year contract to supply coal to Swiss buyer Glencore International ...
Monday, 22 March 10
INDIA TO IMPORT COLOMBIAN COAL FOR FIRST TIME AS DEMAND SURGES - BLOOMBERG
Bloomberg reported that, Adani Enterprises Ltd., India’s biggest coal importer, agreed to buy thermal coal from Colombia for the first t ...
Saturday, 20 March 10
NO MAJOR CHANGES ON SUPRAMAX MARKET FOR NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com: “The dry bulk freight market continued to be firm on the Panamax and Supramax and Handy size vessels”, said Capt. Reddy MD ...
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Showing 5926 to 5930 news of total 6871 |
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- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- The Treasury - Australian Government
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Planning Commission, India
- Petron Corporation, Philippines
- Tamil Nadu electricity Board
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
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