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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, 20 January 10
NALCO SEEKS CONSULTANT FOR $4 BILLION INDONESIAN SMELTER, PLANT
National Aluminium Co., India’s second-biggest producer of the metal, called for bids for a consultant on its proposed aluminum smelter and co ...
Wednesday, 20 January 10
NTPC PLANS TO SET UP ARM FOR ACQUIRING COAL ASSETS ABROAD
NTPC, the world’s second-largest independent power producer (IPP), plans to set up a new entity for acquiring coal assets abroad to secure fue ...
Wednesday, 20 January 10
CEMENT FIRMS TO BUY POWER PLANT COAL ASH
CEBU, Philippines - Cement companies in Cebu are interested to buy the coal ash that will be produced from the coal-fired power plant in Toledo City ...
Tuesday, 19 January 10
CHINA TO INCREASE THERMAL COAL IMPORTS - WEN
China's Premier Wen Jiabao said on Tuesday that China will appropriately increase imports of thermal coal to ease the country's power shortages.
...
Tuesday, 19 January 10
CESC TO BUY 100,000 MT OF INDONESIAN SUB BITUMINOUS COAL
COALspot.com (India): CESC, India’s one of the largest and oldest private power producer is expected to issue a closed tender any time this we ...
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- Goldman Sachs - Singapore
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- Planning Commission, India
- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Neyveli Lignite Corporation Ltd, - India
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sree Jayajothi Cements Limited - India
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- IHS Mccloskey Coal Group - USA
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- Marubeni Corporation - India
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- PTC India Limited - India
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Essar Steel Hazira Ltd - India
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Bhushan Steel Limited - India
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Tamil Nadu electricity Board
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- Karaikal Port Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Global Green Power PLC Corporation, Philippines
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- Posco Energy - South Korea
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
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