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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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Friday, 27 September 13
TAIWAN'S FORMOSA TO IMPORT 140K MT OF BITUMINOUS COAL FOR Q4
COALspot.com : Taiwan's Formosa Plastics Group is inviting bids for 140,000 mt of bituminous coal for delivery in the Q4 for its China plant.
Ac ...
Friday, 27 September 13
CAPESIZES REGAINING PART OF THEIR FORMER GLORY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The latest dry bulk market rally has been nothing short of spectacular, with freight rates more than doubling over the past few weeks. This growth h ...
Friday, 27 September 13
US PRODUCED 19.30 MMST OF COAL IN SEVEN DAYS
COALspot.com – United States the world’s second largest coal producer produced approximately 19.30 million short tons (mmst) of coal in ...
Thursday, 26 September 13
PANAMAX MARKET CONTINUE WITH STRONG RATES IN BOTH BASINS - FEARNRESEARCH
Handy
Feast rates are still firm, some fresh stems entered the market. Vessels trading around $15k passing Singapore for coal to India, and a bit l ...
Thursday, 26 September 13
INTERCARGO PUBLISHES BENCHMARKING BULK CARRIERS 2012-13 REPORT
The International Association of Dry Cargo Shipowners (Intercargo) has today launched Benchmarking Bulk Carriers 2012-13, the latest edition of our ...
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- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- The University of Queensland
- Central Electricity Authority - India
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Sree Jayajothi Cements Limited - India
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- Australian Coal Association
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- Maheswari Brothers Coal Limited - India
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Binh Thuan Hamico - Vietnam
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