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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, 28 October 09
INVESTMENT IN MINING SECTOR HAMPERED BY LATE REGULATIONS
The Jakarta Post reported that, Indonesia may have to wait for a potential massive inflow of new investment into the mining sector due to delays in ...
Tuesday, 27 October 09
CHINA'S SEPT. COAL IMPORTS RISE AS ECONOMY RECOVERS
Bloomberg reported that, China, the world’s largest coal user and producer, increased imports of the fuel in September to meet rising domest ...
Monday, 26 October 09
DARWIN EYES PRIVATE INVESTMENT
The Jakarta Post reported that, the new energy and ministerial resources minister, Darwin Zahedy Saleh, has set his sights on accelerating the reali ...
Sunday, 25 October 09
THE FUTURE FREIGHT MARKET IS EXPECTED TO HAVE POSITIVE DIRECTION - VISTAAR
COALspot.com (Singapore): According to Vistaar Shipping an experienced ship operator in Singapore, the BDI shot up this week (19-24 October) by abou ...
Saturday, 24 October 09
NTPC SEEKS ALTERNATE COAL SUPPLY FOR KAHALGAON
State-run NTPC is looking at alternate sources of coal to fire its Kahalgaon (Bihar) and Farakka (West Bengal) and power stations, which are facing ...
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- Videocon Industries ltd - India
- Aditya Birla Group - India
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- Larsen & Toubro Limited - India
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- South Luzon Thermal Energy Corporation
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
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- SMG Consultants - Indonesia
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- Lanco Infratech Ltd - India
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Ministry of Transport, Egypt
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
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- Price Waterhouse Coopers - Russia
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- Siam City Cement - Thailand
- Singapore Mercantile Exchange
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- Minerals Council of Australia
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- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
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- Australian Commodity Traders Exchange
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- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
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- Interocean Group of Companies - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
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- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
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- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- Tata Chemicals Ltd - India
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Intertek Mineral Services - Indonesia
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Australian Coal Association
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- Bhatia International Limited - India
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
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- White Energy Company Limited
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Makarim & Taira - Indonesia
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- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
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- Electricity Authority, New Zealand
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- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
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- Eastern Coal Council - USA
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- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
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- Economic Council, Georgia
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- Kumho Petrochemical, South Korea
- Aboitiz Power Corporation - Philippines
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- Metalloyd Limited - United Kingdom
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