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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, 04 February 10
COAL PRODUCTION EXPECTED TO REACH 280 MILLION METRIC TONS - INDONESIA UPDATE
Indonesia`s coal production target for 2010 has been set at 275 million to 280 million metric tons, according to the Association of Indonesian Coal ...
Thursday, 04 February 10
MASSEY CEO 'NOT EXCITED' ABOUT PROSPECT OF QUARTERLY COAL PRICING
US coal producer Massey Energy is not in favour of switching to a quarterly pricing schedule for metallurgical coal, from the current annual price b ...
Thursday, 04 February 10
BUKIT ASAM GOES SHOPPING FOR MORE COAL MINES
State-owned coal miner PT Tambang Batubara Bukit Asam has set aside Rp 1.5 trillion ($162 million) to acquire two coal mines in East Kalimantan, pre ...
Thursday, 04 February 10
PTT EYES OVERSEAS COAL
Revenue could reachUS$600 million a year
PTT Plc, Thailand's largest energy company, aims to raise the annual revenue from its overseas coal bus ...
Thursday, 04 February 10
RI TO GRADUALLY STOP COAL EXPORTS
Indonesia, which over the past few years has become the world`s third largest coal exporter after Australia and China, is planning to gradually stop ...
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Showing 6026 to 6030 news of total 6871 |
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- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Heidelberg Cement - Germany
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- The University of Queensland
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- CIMB Investment Bank - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Aditya Birla Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Grasim Industreis Ltd - India
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
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