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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, 07 October 09
COAL INDIA, SHIPPING CORP MAY FORM VENTURE TO IMPORT COAL
The venture may be on the lines of the firm that CIL plans with SAIL for coal imports in which both to hold 25%
Live Mint reported that, State-ru ...
Tuesday, 06 October 09
ASIA COAL-PRICE REBOUND TOWARDS $71 ON TENDER ACTIVITY
Reuters reported that, Prices of power-station coal in Australia, a benchmark for Asia, rose 4 percent in the latest week to near $71 a tonne, bolst ...
Tuesday, 06 October 09
BHARATHI CEMENT TO ADD 2.5 MT CAPACITY BY 2010
Business-Standard reported that, Bharathi Cement Corporation (BCC) commenced its commercial operations from its Nallalingayapalli manufacturing plan ...
Tuesday, 06 October 09
MOZAMBIQUE TO BUILD COAL RAILWAY
BBC reported that, Mozambique's government has announced that it has secured $500m (£313m) to build a new railway line. The transport ministe ...
Tuesday, 06 October 09
COAL INDIA AIMS TO BUY MINE ABROAD BY MARCH
*Coal India to issue its first coal import tender by Nov
*ArcelorMittal, 9 others in race to develop abandoned mines
*52 firms keen to partner coa ...
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- Bhatia International Limited - India
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
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- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Carbofer General Trading SA - India
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- The Treasury - Australian Government
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
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- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
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- Essar Steel Hazira Ltd - India
- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- Australian Coal Association
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- Economic Council, Georgia
- The University of Queensland
- Riau Bara Harum - Indonesia
- Indian Energy Exchange, India
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bharathi Cement Corporation - India
- GAC Shipping (India) Pvt Ltd
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- White Energy Company Limited
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Planning Commission, India
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
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