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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, 13 November 13
THE SOFTENING HAS AFFECTED THE BIGGER SIZE SEGMENTS; SMALLER ONES STILL APPEAR TO BE VERY STABLE - INTERMODAL
After a month and a half of back to back weekly declines, the dry bulk market has finally reversed its negative course. We believe that there should ...
Wednesday, 13 November 13
DRY BULK MARKET HAS REVERSED ITS NEGATIVE COURSE - INTERMODAL
Chartering (Wet: Firm+ / Dry: Stable+ )
The Dry Bulk market has reversed its negative course this past week with rates for Capes making up fo ...
Wednesday, 13 November 13
NEWCASTLE COAL EXPORTS PLUNGE 12.40% IN W/E 10 NOVEMBER FROM THE PRIOR WEEK
COALspot.com: In the week ended November 11, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totaled 2.42 ...
Monday, 11 November 13
TAMIL NADU STATE OWNED POWER GENERATOR TO IMPORT 3.7 MMT OF 6000 GAD COAL
COALspot.com - TANGEDCO, Tamil Nadu Generation & Distribution Corporation Ltd, Tamil Nadu state owned power generator & distributor intends ...
Sunday, 10 November 13
PANAMAX COAL FREIGHT RATES REMAIN UNDER PRESSURE; SUPRAMAX BIGGEST GAINER - REDDY
COALspot.com: The freight market was up this week with all indices increased except for Panamax index.
The BDI was up by 56 points closing at 158 ...
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- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
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- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
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- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- PTC India Limited - India
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Dalmia Cement Bharat India
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- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
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- Electricity Authority, New Zealand
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- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Globalindo Alam Lestari - Indonesia
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- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
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- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Ceylon Electricity Board - Sri Lanka
- Uttam Galva Steels Limited - India
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
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- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
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- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
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- Eastern Coal Council - USA
- India Bulls Power Limited - India
- Australian Coal Association
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Thai Mozambique Logistica
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