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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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Thursday, 16 July 09
JAPAN'S J - POWER STARTS OPS AT NEW 600 MW COAL UNIT
Reuters, a worlds leading news agency reported that, Electric Power Development Co (J-Power) said on Thursday it started commercial operations at it ...
Thursday, 16 July 09
DELIVERY OF COAL MINE EXPLORATION THROUGH NEWCASTLE PORT ROSE 11 PERCENT
July 16th, 2009 Newcastle is a port in Australia that provides services in the delivery of coal from Australia to other countries. Newcastle port ha ...
Thursday, 16 July 09
CIL KEEN ON JOINT VENTURES
* Targets to raise production by 10 m tonnes by 2012
* Plans to tap reserves of abandoned mines
The Hindu, an Indian news paper reported that, t ...
Wednesday, 15 July 09
COAL INDIA INVITES EOI FOR COAL MINING IN FOREIGN COUNTRIES
Economict Tmes reported that, Coal India, a leading PSU with a status of Navratna, today, invited Expression of Interest for selection of strategic ...
Wednesday, 15 July 09
BANGLADESH TO IMPORT COAL FROM INDIA FOR 1 MORE YR
Bangladesh has decided to import coal from neighbour India for another year to save foreign exchange and time, a commerce ministry official said on ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
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- Electricity Generating Authority of Thailand
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- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
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- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- Uttam Galva Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- Heidelberg Cement - Germany
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
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- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- VISA Power Limited - India
- Minerals Council of Australia
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- GMR Energy Limited - India
- Eastern Energy - Thailand
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
- Bukit Baiduri Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
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