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Monday, 30 December 13
INDONESIAN COAL TO BE PART OF INDEX DETERMINING POWER TARIFFS - BUSINESS STANDARD
In a significant move, power sector regulator CERC has decided to provide 50 per cent weightage for Indonesian coal in the benchmark index that is used to determine escalation rates for electricity generated using imported dry fuel.
The move would help in having a benchmark in deciding the escalation rates for electricity generated by power plants that are fired by Indonesian coal.
It also assumes significance amid deadlock between various power generators and procurers over increasing the electricity tariff due to rise in imported coal prices.
The Central Electricity Regulatory Commission (CERC) has decided to include Indonesian coal, besides South African and Australian dry fuel, in the composite index for imported coal for payment purposes.
Currently for payment purposes, the index takes into account only Australian and South African coal.
The Commission said the decision to revise the index has been taken after considering the composition of steam coal imports as well as the importance and acceptability of indices in international contracts.
"The weights of different coal in the composite index shall include 25 per cent Australian coal, 25 per cent South African coal, and 50 per cent Indonesian coal," the Commission said in an order dated December 23.
CERC has the mandate to notify the escalation rates for imported coal used to fire power plants. These rates are notified every six months.
According to the watchdog, Indonesian coal has been included in the index considering that it makes up for a pre- dominant share of steam coal imports into the country.
In 2010-11 period, about 73 per cent coal was imported from Indonesia while 24 per cent was from South Africa.
Average import of steam coal for the last three years shows about 76 per cent from Indonesia and 19 per cent from South Africa. During the same period, the dry fuel import from Australia was just about one per cent.
Despite insignificant steam coal imports from Australia, it would have 25 per cent weightage in the index.
"Australian coal has been retained in the composite index despite very low volume of consumption in India due to its liquidity, acceptability for contracts, and possibility of increased use of Australian coal in future," the order said.
The new index should be used to determine the escalation rates from April 1, 2014.
Regarding suggestions for country specific indices, CERC said that reliability could be an issue in such cases.
"The rationale for using composite index instead of country specific index is to induce efficiency in procurement and diversification of supplies," the order said.
Further, the regulator noted that the composite index would be subject to review and revision "as and when the need arises".
Source: Trust of India / Business Standard
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Monday, 19 May 14
API 8 CFR SOUTH CHINA COAL LOST 2.49% MONTH ON MONTH
COALspot.com: API 8 CFR South China Coal swaps for average Q3 14 deliveries lost 2.49 percent month on month and closed at US$ 74.35 per mt as on F ...
Sunday, 18 May 14
FREIGHT RATES ARE EXPECTED TO BE FIRM NEXT WEEK
COALspot.com: The freight market was steady with the BDI was closed slightly higher at 1027 points or up 3.00 pct week on week.
The Cape ...
Friday, 16 May 14
KOMIPO IS LOOKING FOR 60K MT OF LOW VOLATILE BITUMINOUS COAL
COALspot.com : Korea Midland Power Co., Ltd. has invited bids through International open bidding for 60,000 Metric Tons (MT) of low volatile bitumi ...
Friday, 16 May 14
U.S. COAL PRODUCTION TOTALED APPROXIMATELY 18.9 MMST
COALspot.com – United States the world's second largest coal producer, produced approximately 18.9 million short tons (mmst) of coal i ...
Thursday, 15 May 14
PANAMAX : SHORT PERIOD UP TO ONE YEAR REPORTED IN THE 12.000-12.500 RANGE - FEARNRESEARCH
Handy
The Supra and handy market seems to be affected by the recent holidays in Singapore which still relatively quiet. There are some Indo / ...
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- Electricity Authority, New Zealand
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- Siam City Cement - Thailand
- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
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- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
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- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Parliament of New Zealand
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- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
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- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
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- Australian Coal Association
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- Ministry of Transport, Egypt
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- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Indo Tambangraya Megah - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
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- Price Waterhouse Coopers - Russia
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- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Heidelberg Cement - Germany
- The University of Queensland
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- Maharashtra Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Agrawal Coal Company - India
- White Energy Company Limited
- Orica Australia Pty. Ltd.
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- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Renaissance Capital - South Africa
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- Aboitiz Power Corporation - Philippines
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- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
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- Mercator Lines Limited - India
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- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- SMG Consultants - Indonesia
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- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Metalloyd Limited - United Kingdom
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
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- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
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- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
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- Ind-Barath Power Infra Limited - India
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- OPG Power Generation Pvt Ltd - India
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