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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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Friday, 04 December 09
JSW ENERGY TO BUY OUT PARENT FIRM'S COAL BLOCK
JSW Energy plans to buy the stake held by JSW Steel in a thermal coal block in Mozambique in an attempt to become an integrated energy company with ...
Thursday, 03 December 09
JAPAN 2010 COAL IMPORTS SEEN FLAT, INDIA'S ROBUST - INDUSTRY
* Japan's demand seen steady in 2010 at 110 mln tonnes
* India's demand seen as robust, at 70 mln tonnes
Reuters reported that, Thermal coal i ...
Thursday, 03 December 09
INDONESIA MAY ALLOW COAL SALES BELOW GOVT PRICE
Reuters reported that, Indonesia is considering giving producers some flexibility to sell coal below the government's monthly benchmark price to co ...
Thursday, 03 December 09
INDONESIA SEEKS TO INCREASE COAL SHIPMENTS TO INDIA, CHINA
Bloomberg reproted that, Indonesia, Asia’s biggest coal exporter, seeks to increase shipments to India and China as the economies improve and ...
Thursday, 03 December 09
COAL INDIA IPO LIKELY TO HIT MARKETS BY NOVEMBER 2010
Soon investors will get to own a slice of India's largest coal mining company. Coal India its initial public offering will hit markets in November ...
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- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Neyveli Lignite Corporation Ltd, - India
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Indogreen Group - Indonesia
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- MS Steel International - UAE
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Simpson Spence & Young - Indonesia
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
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