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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, 09 October 09
INDIKA IN TALKS TO SELL 4M TONS OF COAL, EYEING BP ASSETS
The Jakarta Post reported that, Energy company PT Indika Energy is in talks with Indian buyers to sell 4 million tons of coal next year, one of its ...
Friday, 09 October 09
BULK-SHIPPING LINES MUST CANCEL 50% OF NEW ORDERS, PLATOU SAYS
Bloomberg reported that, Bulk-shipping lines need to cancel half of the new vessels they have on order to ease a capacity glut and revive freight ra ...
Friday, 09 October 09
THE BALTIC DRY INDEX WOKE UP: DRY BULK MARKET ON THE RISE
Hellenic Shipping News reported that, In what could prove the beginning of a new and sustainable rally for the dry bulk market, the BDI (Baltic Dry ...
Friday, 09 October 09
STRAITS ASIA INDONESIAN MINE COAL LOADER COLLAPSES
* New coal loading facility collapsed due to heavy rain
* Older coal loading facility seem unaffected so far
* UBS may cut valuation if disruption ...
Thursday, 08 October 09
COAL INDIA SAYS IMPORTS COULD JUMP 10 TIMES IN 3 YRS
Reuters reported that, Coal imports by state explorer Coal India Ltd could jump 10 times to 40-45 million tonnes in three years to meet a sharp rise ...
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- Sree Jayajothi Cements Limited - India
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- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
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- IEA Clean Coal Centre - UK
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- Savvy Resources Ltd - HongKong
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- New Zealand Coal & Carbon
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- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
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- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
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- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
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- Petrochimia International Co. Ltd.- Taiwan
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- Sarangani Energy Corporation, Philippines
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- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
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- Aboitiz Power Corporation - Philippines
- Mjunction Services Limited - India
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Parliament of New Zealand
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- Indian Oil Corporation Limited
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- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Borneo Indobara - Indonesia
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
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- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
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- Antam Resourcindo - Indonesia
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
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- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
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- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
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- Essar Steel Hazira Ltd - India
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- Chamber of Mines of South Africa
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- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- Posco Energy - South Korea
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
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- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Energy Development Corp, Philippines
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- MS Steel International - UAE
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
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- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
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- PTC India Limited - India
- Economic Council, Georgia
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- Directorate Of Revenue Intelligence - India
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- Planning Commission, India
- LBH Netherlands Bv - Netherlands
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