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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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Wednesday, 11 December 13
BDI REACHED A PEAK OF YEAR RECORD OF 2,237 POINTS WHICH IS A SIGNIFICANT CHANGE IN MARKET CONDITIONS
Getting closer to the end of 2013, it is important that we have a review of the course the market has taken these past 12 months by looking at the B ...
Tuesday, 10 December 13
HNL, AN INDIAN STATE-OWNED NEWSPRINT PAPER MAKER SEEKS 50K TONS OF INDONESIAN 5600 COAL
COALspot.com: Hindustan Newsprint limited (HNL), an Indian state owned news print paper producer invited bids to supply 50,000MT of min 5,200kcal/kg ...
Tuesday, 10 December 13
COLOMBIAN THERMAL COAL EXPORTS SLIPPED 25.54% M-M IN OCTOBER'13
COALspot.com: Colombia's Thermal coal exports in October dropped 25.54% month on month to 5,990,815.13 million mt, according to data from mining de ...
Tuesday, 10 December 13
NEWCASTLE COAL EXPORTS PLUNGE W-O-W
COALspot.com: In the week ended December 9, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 2.50 ...
Monday, 09 December 13
SOUTH AFRICA'S RICHARDS BAY COAL EXPORTS IN NOVEMBER DECLINED 14.43% M-M
COALspot.com: South Africa's Richards Bay coal terminal exported 6.224 million tonnes of coal in November, declining by 1.05 million tons from the ...
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- Simpson Spence & Young - Indonesia
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- Aboitiz Power Corporation - Philippines
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- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
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- Chamber of Mines of South Africa
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- Economic Council, Georgia
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- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
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- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
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- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
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- Baramulti Group, Indonesia
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- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
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- Parry Sugars Refinery, India
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- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
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- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Merrill Lynch Commodities Europe
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- Cigading International Bulk Terminal - Indonesia
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- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
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- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
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- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
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- Alfred C Toepfer International GmbH - Germany
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- Rashtriya Ispat Nigam Limited - India
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- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
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- Australian Commodity Traders Exchange
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- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
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- CNBM International Corporation - China
- Edison Trading Spa - Italy
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- White Energy Company Limited
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- The University of Queensland
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
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- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
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