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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, 04 December 13
INDONESIAN COAL EXPORTS VOLUME AND REVENUE IN OCTOBER MARCHED TOWARDS NORTH
COALspot.com: Indonesia, the world's 4th largest coal producer and the largest multi grade coal exporter shipped over $1.76* billion worth of ...
Wednesday, 04 December 13
WEST AUSTRALIA IRON ORE FIXTURES ALSO CONTINUING TO PROVIDE A STEADY FLOW OF BUSINESS FOR CAPES - INTERMODAL
The Dry Bulk market has reversed course this past week, bringing back some of the lost excitement of the past month, as all size segments climbed hi ...
Wednesday, 04 December 13
THE BUYERS' DEMAND IS CONTINUOUSLY BULLISH - KONSTANTINOS KONTOMICHIS
The very low rates that prevailed for the bigger part of 2013 seem to have prepared the ground for buying opportunities for shipping investors. The ...
Wednesday, 04 December 13
SGX AND CFA TO COLLABORATE TO DEVELOP DERIVATIVES MARKETS IN CHINA AND SINGAPORE
Singapore Exchange (SGX) and the China Futures Association (CFA) are cooperating in the development of derivatives markets in China and Singapore.
...
Wednesday, 04 December 13
SGX'S MONTHLY VOLUMES REACHED A RECORD HIGH OF 705,000 MT IN NOVEMBER 2013
COALspot.com: SGX has announced that, it monthly volumes have reached a record high of 705 lots (705,000 mt) in November 2013 with month-end open in ...
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- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- Sakthi Sugars Limited - India
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Attock Cement Pakistan Limited
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
- Therma Luzon, Inc, Philippines
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Ind-Barath Power Infra Limited - India
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- ASAPP Information Group - India
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- Indo Tambangraya Megah - Indonesia
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Dalmia Cement Bharat India
- Coalindo Energy - Indonesia
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
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