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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, 16 December 09
INDONESIA'S FIRST PRIVATE RAILWAY TO BOOST RAK'S MINING INTERESTS
MEC infra to invest $1b in construction of 130-km transport link
A 130-kilometre railway that will ease the transport of raw materials and finish ...
Tuesday, 15 December 09
KOMIPO HAS ISSUED A NEW TENDER FOR 30000 MT OF 5200 NAR KCAL/KG COAL
COALspot.com (South Korea): South Korean state-owned utility Korea Midland Power (KOMIPO) has issued an new tender for prompt supply of 30000 M ...
Tuesday, 15 December 09
CHINA CUTS IMPORT DUTIES ON COAL, RAISES FOR OTHERS
China will lower import duties on more than 600 products next year, including coal, naphtha and phosphate ore, the Finance Ministry said on Tuesday. ...
Tuesday, 15 December 09
NTPC'S COAL WOES UNLIKELY TO END SOON
State-owned power producer NTPC’s woes over shortages of coal may not end soon. Though the company is importing 12.5 million tonnes of coal&nb ...
Monday, 14 December 09
RICHARDS BAY COAL TO FINISH EXPANSION IN 1ST QUARTER
Richards Bay Coal Terminal, which ships more than a quarter of Europe’s energy coal, said it will complete its Phase 5 expansion project in th ...
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- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- CNBM International Corporation - China
- White Energy Company Limited
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- Timah Investasi Mineral - Indoneisa
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Bhushan Steel Limited - India
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Central Java Power - Indonesia
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- PTC India Limited - India
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Energy Development Corp, Philippines
- The University of Queensland
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- ASAPP Information Group - India
- Marubeni Corporation - India
- Posco Energy - South Korea
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Tata Chemicals Ltd - India
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