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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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Tuesday, 21 July 09
FIRST QUARTER COAL MARKET AND EURACOAL'S OUTLOOK FOR THE FUTURE
Euracoal reports that for the first time in many years, the world market for hard coal fell by some 8 % during the first quarter 2009. This latest E ...
Monday, 20 July 09
CHINAS COAL DEMAND, OUTPUT TO PICK UP IN H2 - GROUP 2
Financial24 reported that, China's coal demand is expected to gradually pick up in the second half of the year, and coal output will likely grow fa ...
Monday, 20 July 09
ADANI POWER LAUNCHES IPO, AIMS HIGHER CAPACITY
Economic Times reported that, Adani Power Ltd, a power project development company, promoted by Adani Enterprise went for an initial public offering ...
Monday, 20 July 09
BANPU'S SECOND-HALF PROFIT MAY DROP ON COAL PRICES
Bloomberg Reported that, Banpu Pcl, Thailand’s biggest coal producer, expects profit to decline in the second half from the first six months a ...
Monday, 20 July 09
CHINA COAL PRODUCES 52.7 MLN TONNES OF COAL IN 1H, UP 5.4 PCT
China Mining reported that, China Coal Energy Co., the country's second largest coal producer, said Saturday that it produced 52.67 million tonnes ...
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- Bhushan Steel Limited - India
- Bhatia International Limited - India
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- The University of Queensland
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- VISA Power Limited - India
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- India Bulls Power Limited - India
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- Energy Development Corp, Philippines
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Australian Coal Association
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- Medco Energi Mining Internasional
- Coal and Oil Company - UAE
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Lanco Infratech Ltd - India
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
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