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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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Tuesday, 04 March 14
AUSTRALIA'S NPC TO SHIP 11.85 MMT OF COAL IN MARCH
COALspot.com: In the week ended 3 March 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, total 3.15 m ...
Tuesday, 04 March 14
HIGHER PRICES AND STEADY FREIGHT RATES LEAD SHIP OWNERS TO TEMPORARILY HALT SECOND HAND VESSEL PURCHASES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
As the dry bulk market has kept on improving, but at a very slow rate, ship owners have elected to take a step back from the flurry of the S&P m ...
Monday, 03 March 14
SUB-BIT INDONESIA COAL SWAP (FOB) FOR AVERAGE Q115 CLOSED AT $60.28, $ 1.70 HIGHER THAN 2Q14
COALspot.com – Indonesia, the world’s largest exporter of the thermal coal's swaps for delivery April - June 2014 slightly corrected do ...
Monday, 03 March 14
API 8 CFR SOUTH CHINA SWAPS: Q4' 2014 DELIVERY CLOSED US$ 1.40 HIGHER COMPARED TO Q2' 2014 DELIVERY
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 1.90 percent month on month and closed at US$ 76.27 per mt as on Fr ...
Monday, 03 March 14
COSTS LIABILITY PASSING DOWN A CHARTERPARTY CHAIN - SKULD
KNOWLEDGE TO ELEVATE
Provided that charterparties are on back to back terms, and the claim is successful, liability for costs incurred shoul ...
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- Sarangani Energy Corporation, Philippines
- Bhatia International Limited - India
- Indonesian Coal Mining Association
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Tamil Nadu electricity Board
- Xindia Steels Limited - India
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Planning Commission, India
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- Manunggal Multi Energi - Indonesia
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- The Treasury - Australian Government
- Cement Manufacturers Association - India
- White Energy Company Limited
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Power Finance Corporation Ltd., India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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