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

Friday, 06 September 13
DRY BULK MARKET REACHES NEW YEAR-HIGHS ON THE BACK OF INCREASED CAPESIZE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been on the rise once again, but this time around any new increase of freight rates translates into new year-highs, thus bri ...


Friday, 06 September 13
US PRODUCED APPROXIMATELY 90.80 MMST OF COAL IN AUGUST
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 20.90 million short tons (mmst) of ...


Thursday, 05 September 13
INDONESIAN COAL EXPORTS UP BY 6.72 PERCENT IN JULY
COALspot.com:  Indonesia, the world's largest multi grade coal exporter shipped 35.268* million tons of coal in July 2013. Indonesian coal exp ...


Thursday, 05 September 13
HANDY: NICKEL ORE WAS PUSHING THE FAR EAST MARKET - FEARNLEYS
Handy Nickel Ore was pushing the Feast market, several ships were fixed from low teens to $14k. Indo/India was still supported by bauxite, while th ...


Thursday, 05 September 13
DRY BULK MARKET ON A HIGH ROLL, MAINLY THANKS TO CAPESIZE APPETITE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Capesize owners have been rejoycing on the back of renewed optimism for the further rise in the dry bulk market's freight rates, especially when on ...


   826 827 828 829 830   
Showing 4136 to 4140 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 ...

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