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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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Thursday, 03 October 13
INDONESIA AUGUST COAL EXPORTS FALL 12.90 % FROM JULY TO 30.71 MIL MT
COALspot.com: Indonesia, the 15th largest economy in world, 4th largest coal producer in world and world's largest multi grade coal exporter ...
Thursday, 03 October 13
TOP FOUR U.S. COAL COMPANIES SUPPLIED MORE THAN HALF OF U.S. COAL PRODUCTION IN 2011 - EIA
In the past two years, more than half of U.S. coal production was attributable to the top four coal producers, the result of changes in regional pro ...
Thursday, 03 October 13
HANDY: PERIOD MARKET STAND IN GOOD POSITION - FEARNRESEARCH
Handy
Nickel ore and Bauxite was active last week but slowed down now due to Chinese holidays. Ships opened in North China fixed at US$ 11-13k leve ...
Wednesday, 02 October 13
DRY BULK MARKET IS STILL MAINTAINING ITS UPWARD DIRECTION
Chartering (Wet: Stable- / Dry: Firm+)
Despite the fact that rates for Capes didn't continue their crazy ride this past week, the Dry Bulk market ...
Wednesday, 02 October 13
HOW LONG WILL THIS LATEST CAPESIZE RALLY LAST? - TASOS PAPADOPOULOS
By Tasos Papadopoulos, SnP Broker, Intermodal
The surge in iron ore trade has translated into a massive boost in daily earnings for capes; with t ...
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- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
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- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
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- Georgia Ports Authority, United States
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- Ind-Barath Power Infra Limited - India
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- Mercator Lines Limited - India
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- Baramulti Group, Indonesia
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- Pipit Mutiara Jaya. PT, Indonesia
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- Eastern Energy - Thailand
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- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
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- Power Finance Corporation Ltd., India
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- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
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- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
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- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
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- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining Corp, Philippines
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- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
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- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
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- Globalindo Alam Lestari - Indonesia
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- Wilmar Investment Holdings
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- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
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- Formosa Plastics Group - Taiwan
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- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- Parliament of New Zealand
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- Sical Logistics Limited - India
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- Indonesian Coal Mining Association
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- GN Power Mariveles Coal Plant, Philippines
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- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
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- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
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- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
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- Oldendorff Carriers - Singapore
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
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- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
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- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
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- Port Waratah Coal Services - Australia
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- Timah Investasi Mineral - Indoneisa
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- Eastern Coal Council - USA
- New Zealand Coal & Carbon
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- Thai Mozambique Logistica
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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