COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Sunday, 22 September 13
BDI STRENGTHENS FURTHER AS CAPESIZE FREIGHT RATES JUMP - CAPT. REDDY
COALspot.com: The freight market continued its upward trend and maintaining the moment with BDI and Cape index up by 16 pct week on week. The Capesi ...


Sunday, 22 September 13
API 8 CFR SOUTH CHINA COAL SWAPS ADVANCE
COALspot.com : SGX has launched API 8 CFR South China Coal Swap on 29 April 2013 and SGX replaced the previous swap. API 8 CFR South China Coal s ...


Sunday, 22 September 13
SUB-BIT INDONESIA COAL SWAPS REMAIN UNDER PRESSURE
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q4 2013 delivery down 2.09 percept  month on month on Friday 20 September 2 ...


Friday, 20 September 13
SHIP OWNERS INVEST MORE THAN $9.2 BILLION ON NEW BUILDING VESSELS DURING AUGUST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite the fact that August is traditionally a slow month in terms of ships investment activity, ship owners have grasped this year the opportunity ...


Friday, 20 September 13
DRY BULK MARKET REACHES NEW HEIGHTS THIS WEEK STANDING AT THREE-YEAR HIGH - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The biggest rally of the dry bulk market in more than three years have brought back joy among ship owners, especially those active in the Capesize m ...


   820 821 822 823 824   
Showing 4106 to 4110 news of total 6871
News by Category
Popular News
 
Total Members : 28,623
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • European Bulk Services B.V. - Netherlands
  • Directorate General of MIneral and Coal - Indonesia
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Indian School of Mines
  • SGS (Thailand) Limited
  • IHS Mccloskey Coal Group - USA
  • ING Bank NV - Singapore
  • OPG Power Generation Pvt Ltd - India
  • Carbofer General Trading SA - India
  • NALCO India
  • World Coal - UK
  • TGV SRAAC LIMITED, India
  • Grasim Industreis Ltd - India
  • Mintek Dendrill Indonesia
  • EIA - United States
  • World Bank
  • Tanito Harum - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Miang Besar Coal Terminal - Indonesia
  • Renaissance Capital - South Africa
  • CoalTek, United States
  • Latin American Coal - Colombia
  • Rudhra Energy - India
  • Parliament of New Zealand
  • Coeclerici Indonesia
  • Coalindo Energy - Indonesia
  • Eastern Energy - Thailand
  • Central Electricity Authority - India
  • Straits Asia Resources Limited - Singapore
  • Core Mineral Indonesia
  • Orica Mining Services - Indonesia
  • Interocean Group of Companies - India
  • Coal and Oil Company - UAE
  • UOB Asia (HK) Ltd
  • Gupta Coal India Ltd
  • Thailand Anthracite
  • Jindal Steel & Power Ltd - India
  • Borneo Indobara - Indonesia
  • JPower - Japan
  • Noble Europe Ltd - UK
  • New Zealand Coal & Carbon
  • Sical Logistics Limited - India
  • Thai Mozambique Logistica
  • Kalimantan Lumbung Energi - Indonesia
  • Indonesian Coal Mining Association
  • Maheswari Brothers Coal Limited - India
  • CESC Limited - India
  • Merrill Lynch Commodities Europe
  • Parry Sugars Refinery, India
  • GAC Shipping (India) Pvt Ltd
  • Japan Coal Energy Center
  • SRK Consulting
  • Ind-Barath Power Infra Limited - India
  • SN Aboitiz Power Inc, Philippines
  • MS Steel International - UAE
  • Ministry of Transport, Egypt
  • Salva Resources Pvt Ltd - India
  • Billiton Holdings Pty Ltd - Australia
  • Wood Mackenzie - Singapore
  • Cardiff University - UK
  • Tamil Nadu electricity Board
  • Ernst & Young Pvt. Ltd.
  • Malco - India
  • Bulk Trading Sa - Switzerland
  • South Luzon Thermal Energy Corporation
  • Banpu Public Company Limited - Thailand
  • Global Business Power Corporation, Philippines
  • TANGEDCO India
  • PLN Batubara - Indonesia
  • Bharathi Cement Corporation - India
  • Mercuria Energy - Indonesia
  • ANZ Bank - Australia
  • Kobe Steel Ltd - Japan
  • Clarksons - UK
  • Meenaskhi Energy Private Limited - India
  • Sree Jayajothi Cements Limited - India
  • globalCOAL - UK
  • Standard Chartered Bank - UAE
  • Asian Development Bank
  • JPMorgan - India
  • Samsung - South Korea
  • Power Finance Corporation Ltd., India
  • HSBC - Hong Kong
  • Mjunction Services Limited - India
  • Cigading International Bulk Terminal - Indonesia
  • Semirara Mining Corp, Philippines
  • Independent Power Producers Association of India
  • NTPC Limited - India
  • PTC India Limited - India
  • Meralco Power Generation, Philippines
  • Sindya Power Generating Company Private Ltd
  • Arutmin Indonesia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • SMC Global Power, Philippines
  • Commonwealth Bank - Australia
  • Surastha Cement
  • Tata Chemicals Ltd - India
  • Formosa Plastics Group - Taiwan
  • Electricity Generating Authority of Thailand
  • Kapuas Tunggal Persada - Indonesia
  • Globalindo Alam Lestari - Indonesia
  • Larsen & Toubro Limited - India
  • Sakthi Sugars Limited - India
  • Shree Cement - India
  • Glencore India Pvt. Ltd
  • KOWEPO - South Korea
  • ACC Limited - India
  • Aditya Birla Group - India
  • Thomson Reuters GRC
  • LBH Netherlands Bv - Netherlands
  • Geoservices-GeoAssay Lab
  • Gujarat Sidhee Cement - India
  • Mercator Lines Limited - India
  • Platou - Singapore
  • McKinsey & Co - India
  • U S Energy Resources
  • White Energy Company Limited
  • Rashtriya Ispat Nigam Limited - India
  • CCIC - Indonesia
  • Bukit Baiduri Energy - Indonesia
  • Thriveni
  • Kaltim Prima Coal - Indonesia
  • DBS Bank - Singapore
  • Maruti Cements - India
  • IMC Shipping - Singapore
  • Toyota Tsusho Corporation, Japan
  • Pipit Mutiara Jaya. PT, Indonesia
  • Wilmar Investment Holdings
  • Karaikal Port Pvt Ltd - India
  • CNBM International Corporation - China
  • PetroVietnam
  • Coastal Gujarat Power Limited - India
  • Adaro Indonesia
  • BRS Brokers - Singapore
  • Pinang Coal Indonesia
  • The India Cements Ltd
  • Africa Commodities Group - South Africa
  • Makarim & Taira - Indonesia
  • Bukit Makmur.PT - Indonesia
  • Central Java Power - Indonesia
  • Siam City Cement - Thailand
  • Timah Investasi Mineral - Indoneisa
  • Savvy Resources Ltd - HongKong
  • Sarangani Energy Corporation, Philippines
  • The State Trading Corporation of India Ltd
  • BNP Paribas - Singapore
  • Merrill Lynch Bank
  • Lafarge - France
  • Thermax Limited - India
  • GN Power Mariveles Coal Plant, Philippines
  • The Treasury - Australian Government
  • RBS Sempra - UK
  • TNB Fuel Sdn Bhd - Malaysia
  • PLN - Indonesia
  • Simpson Spence & Young - Indonesia
  • Russian Coal LLC
  • Barclays Capital - USA
  • Petrosea - Indonesia
  • Binh Thuan Hamico - Vietnam
  • Krishnapatnam Port Company Ltd. - India
  • Medco Energi Mining Internasional
  • Altura Mining Limited, Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • bp singapore
  • Malabar Cements Ltd - India
  • Kideco Jaya Agung - Indonesia
  • Vale Mozambique
  • Coal India Limited
  • Deutsche Bank - India
  • Gujarat Mineral Development Corp Ltd - India
  • Britmindo - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Aboitiz Power Corporation - Philippines
  • Bhoruka Overseas - Indonesia
  • Shenhua Group - China
  • Barasentosa Lestari - Indonesia
  • Deloitte Consulting - India
  • Indian Energy Exchange, India
  • Platts
  • Minerals Council of Australia
  • Maharashtra Electricity Regulatory Commission - India
  • Adani Power Ltd - India
  • Jaiprakash Power Ventures ltd
  • Oldendorff Carriers - Singapore
  • Kobexindo Tractors - Indoneisa
  • Total Coal South Africa
  • Indogreen Group - Indonesia
  • Planning Commission, India
  • Vedanta Resources Plc - India
  • Asmin Koalindo Tuhup - Indonesia
  • Directorate Of Revenue Intelligence - India
  • Thiess Contractors Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Trasteel International SA, Italy
  • Electricity Authority, New Zealand
  • Singapore Mercantile Exchange
  • Bank of China, Malaysia
  • Chettinad Cement Corporation Ltd - India
  • Cargill India Pvt Ltd
  • Xindia Steels Limited - India
  • J M Baxi & Co - India
  • SUEK AG - Indonesia
  • Pendopo Energi Batubara - Indonesia
  • Sucofindo - Indonesia
  • Iligan Light & Power Inc, Philippines
  • Indonesia Power. PT
  • Cosco
  • Ince & co LLP
  • Kohat Cement Company Ltd. - Pakistan
  • Indika Energy - Indonesia
  • Intertek Mineral Services - Indonesia
  • London Commodity Brokers - England
  • ASAPP Information Group - India
  • Baramulti Group, Indonesia
  • Manunggal Multi Energi - Indonesia
  • CIMB Investment Bank - Malaysia
  • The University of Queensland
  • Freeport Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • Tata Power - India
  • SASOL - South Africa
  • Cemex - Philippines
  • UBS Singapore
  • Orica Australia Pty. Ltd.
  • Ministry of Mines - Canada
  • Heidelberg Cement - Germany
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Cement Manufacturers Association - India
  • Asia Cement - Taiwan
  • Global Coal Blending Company Limited - Australia
  • Petrochimia International Co. Ltd.- Taiwan
  • Posco Energy - South Korea
  • Therma Luzon, Inc, Philippines
  • San Jose City I Power Corp, Philippines
  • GVK Power & Infra Limited - India
  • Australian Coal Association
  • ICICI Bank Limited - India
  • Enel Italy
  • PowerSource Philippines DevCo
  • MEC Coal - Indonesia
  • PNOC Exploration Corporation - Philippines
  • PetroVietnam Power Coal Import and Supply Company
  • Samtan Co., Ltd - South Korea
  • Mitsubishi Corporation
  • Kepco SPC Power Corporation, Philippines
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Mitsui
  • Semirara Mining and Power Corporation, Philippines
  • VISA Power Limited - India
  • Kartika Selabumi Mining - Indonesia
  • International Coal Ventures Pvt Ltd - India
  • Australian Commodity Traders Exchange
  • Inspectorate - India
  • Panama Canal Authority
  • Edison Trading Spa - Italy
  • Humpuss - Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Coaltrans Conferences
  • India Bulls Power Limited - India
  • Leighton Contractors Pty Ltd - Australia
  • Lanco Infratech Ltd - India
  • GHCL Limited - India
  • Ministry of Finance - Indonesia
  • Georgia Ports Authority, United States
  • Energy Development Corp, Philippines
  • Mechel - Russia
  • Dalmia Cement Bharat India
  • Sojitz Corporation - Japan
  • GMR Energy Limited - India
  • IBC Asia (S) Pte Ltd
  • Qatrana Cement - Jordan
  • Berau Coal - Indonesia
  • Reliance Power - India
  • IEA Clean Coal Centre - UK
  • Moodys - Singapore
  • KPCL - India
  • Global Green Power PLC Corporation, Philippines
  • Antam Resourcindo - Indonesia
  • Maersk Broker
  • Chamber of Mines of South Africa
  • Marubeni Corporation - India
  • APGENCO India
  • Petron Corporation, Philippines
  • Alfred C Toepfer International GmbH - Germany
  • EMO - The Netherlands
  • Arch Coal - USA
  • Rio Tinto Coal - Australia
  • Vizag Seaport Private Limited - India
  • SMG Consultants - Indonesia
  • Argus Media - Singapore
  • Gresik Semen - Indonesia
  • Bank of America
  • TRAFIGURA, South Korea
  • GNFC Limited - India
  • Neyveli Lignite Corporation Ltd, - India
  • Maybank - Singapore
  • Price Waterhouse Coopers - Russia
  • Holcim Trading Pte Ltd - Singapore
  • AsiaOL BioFuels Corp., Philippines
  • Bhatia International Limited - India
  • Energy Link Ltd, New Zealand
  • KEPCO - South Korea
  • Romanian Commodities Exchange
  • TeaM Sual Corporation - Philippines
  • Ambuja Cements Ltd - India
  • Metalloyd Limited - United Kingdom
  • Bayan Resources Tbk. - Indonesia
  • Videocon Industries ltd - India
  • OCBC - Singapore
  • Bahari Cakrawala Sebuku - Indonesia
  • Attock Cement Pakistan Limited
  • Jatenergy - Australia
  • Coal Orbis AG
  • IOL Indonesia
  • Xstrata Coal
  • Inco-Indonesia
  • Mitra SK Pvt Ltd - India
  • Indian Oil Corporation Limited
  • WorleyParsons
  • Runge Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • ETA - Dubai
  • Infraline Energy - India
  • Permata Bank - Indonesia
  • Bangkok Bank PCL
  • Credit Suisse - India
  • Goldman Sachs - Singapore
  • Eastern Coal Council - USA
  • Cebu Energy, Philippines
  • Madhucon Powers Ltd - India
  • Bangladesh Power Developement Board
  • Anglo American - United Kingdom
  • Essar Steel Hazira Ltd - India
  • Siam City Cement PLC, Thailand
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Uttam Galva Steels Limited - India
  • Economic Council, Georgia
  • Kumho Petrochemical, South Korea
  • McConnell Dowell - Australia
  • Indorama - Singapore
  • Peabody Energy - USA
  • GB Group - China
  • Karbindo Abesyapradhi - Indoneisa
  • KPMG - USA
  • Star Paper Mills Limited - India
  • Port Waratah Coal Services - Australia
  • Sinarmas Energy and Mining - Indonesia
  • TNPL - India
  • Fearnleys - India
  • Bhushan Steel Limited - India
  • Idemitsu - Japan
  • Riau Bara Harum - Indonesia
  • Agrawal Coal Company - India
  • Indo Tambangraya Megah - Indonesia
  • Vitol - Bahrain