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Thursday, 02 January 20
DMO 2020 PRICE SET FOR ELECTRICITY SECTOR - IAN WOLLFF
 On the 26th December 2019, the Minister of Energy and Mineral Resources (ESDM) issued the decree No. 261.K/30.MEM/2019 about the States needs for coal in 2020 [Domestic Market Obligation = DMO] that is effective from the 1st January 2020. It is good that the decree was issued prior to its application, and the socialization of the decree is much anticipated.
The first three stipulations simply set the DMO for coal producers at a minimum of 25% of their sales. If this commitment is not met, then the producers are “obliged to pay compensation” for the shortfall amount of DMO sales. Note that the nature of such compensation is not mentioned in this decree.
The remainder of the decree specifically addresses coal sold “for the supply of electricity for public use..” The DMO sales for the cement and other industries are not mentioned, and presumably this decrees price setting formula for the electricity industry may not apply to other DMO coal uses.
The decree sets the coal selling price to the domestic electricity market, based upon a reference coal quality, and at the Free On Board (FOB) sales point. It would appear the business entity providing electricity is now mandatory to buy coal FOB and be responsible for coal transport, and to prioritize long term contracts. Coal producers that do not meet their DMO commitments related to the domestic electric market will be subject to sanctions in the form of reducing quota for the following years approved production. There seems to be no mention on the differentiation of 25% overall DMO and the proportion to be committed to the electric industry.
The Decree’s attachment sets out the determination of the selling price for the supply of electricity for public interest. There is separate formula for when the coal reference price is equal or more than USD 70/ton FOB, and for when the coal reference price is less than USD 70/ton FOB. The formula considers variations in coal quality and provides a table of 77 Indonesian coal quality / brands. There is a third consideration in the calculation of coal sales price to the electricity supply for public interest related to Spot Sales. It would seem the formulae do not consider coking properties.
Ian Wollff
Principal Geologist. Independent Consultant
Originally Published on Linkedin on 1 January 2020
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Friday, 14 February 20
KOWEPO INVITED BIDS FOR 1.275 MILLION TONS OF MIN. 5,600 NCV COAL
COALspot.com: Korea Western Power Co. Ltd (KOWEPO). as a representative of five Korean Gencos has issued an international tender for total 1,275,00 ...
Friday, 14 February 20
IS THE US COAL INDUSTRY COMPLETELY BURNED OUT? -FORBES
This is the fourth of a multi-part series on the state of the main sources of energy in the US and how they compare globally. The series will cover ...
Friday, 14 February 20
FITCH RTGS: GLOBAL PORTS VULNERABLE TO CORONAVIRUS - RELATED VOLUME DECLINES
Global ports will see reduced trade volumes as a result of the coronavirus, COVID-19, which would become more severe should Chinese production take ...
Thursday, 13 February 20
INDIA: MAJOR PORTS SHOW MUTED GROWTH IN CARGO AS THERMAL COAL VOLUME SLIDES 15% - BUSINESS STANDARD
A sharp slide of 15 per cent in thermal coal volumes weighed on the performance of major ports during the period of April-January of FY20. The majo ...
Wednesday, 12 February 20
REFINING SET FOR A CHALLENGING 2020 - WOOD MACKENZIE
Downstream isn’t the glamorous end of the oil business. And in Big Oil, it’s typically dwarfed by upstream. Yet having been forced to r ...
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- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- Parliament of New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Metalloyd Limited - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- India Bulls Power Limited - India
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Australian Coal Association
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- White Energy Company Limited
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Marubeni Corporation - India
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- The University of Queensland
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Indian Energy Exchange, India
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