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

Thursday, 12 September 13
PANAMAX : PACIFIC ROUNDS ARE NOW REPORTED BETWEEN USD 13K AND 15K PER DAY - FEARNRESEARCH
Handy Nickel ore is a key support SE Asia/Feast rate at the moment; vessel in N.China were fixed around USD 11-12k, ships in mid China can expect a ...


Thursday, 12 September 13
CAPESIZE MARKET WILL BECOME EVEN TIGHTER - JEFFREY LANDSBERG
COALspot.com : While it is no secret that current capesize availability has become tight and has caused capesize rates to surge, availability is set ...


Thursday, 12 September 13
OVER THE WORST? WE MIGHT FIND OUT THIS WEEK - BIMCO
The shipping market has a spring in its step, even as summer draws to a close. There is it seems, confidence that finally, we are emerging into the ...


Thursday, 12 September 13
DRY BULK MARKET RALLY COMES AT A GOOD TIME FOR MOST SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The latest surge of the dry bulk market has helped offset other lingering factors, which otherwise, could have plunged freight rates to new lows. Fo ...


Wednesday, 11 September 13
ASIA - PACIFIC THERMAL COAL MARKET TO REMAIN OVERSUPPLIED IN NEXT 12 MONTHS - FITCH RATINGS
COALspot.com: Fitch Ratings says the Asia-Pacific thermal coal market will remain oversupplied in the next 12 months because strong production has b ...


   824 825 826 827 828   
Showing 4126 to 4130 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 ...

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