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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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Thursday, 06 February 20
CHINESE DEMAND KEY UNCERTAINTY FOR SEABORNE COAL MARKET IN 2020 - THE BRICS POST
Coal trader Noble Resources head of research Rodrigo Echeverri Cardozo had penciled in a 3 Mt drop in Chinese import demand for 2020, but it could ...
Wednesday, 05 February 20
CORONAVIRUS AND THE SHIPPING INDUSTRY - WATSON, FARLEY & WILLIAMS
The continued spread of Coronavirus and governmental measures to minimise the impact is likely to affect the shipping industry and supply chain.
...
Wednesday, 05 February 20
INDONESIA'S COAL PRICE REFERENCE UP 1.46% IN FEBRUARY
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised up the benchmark price of Indonesian thermal co ...
Wednesday, 05 February 20
MARKET INSIGHT - INTERMODAL
The oil and gas industry benefitted from a strong and solid ground in the previous year. We witnessed a slow but steady increase in bunker’s ...
Wednesday, 05 February 20
RUSSIA EXPORTED 28.6 MLN TONNES OF LNG IN 2019 - REFINITIV
A lot of attention has been paid recently on the surge in LNG exports from the United States. However, another country which is seeing truly expone ...
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- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- The University of Queensland
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Metalloyd Limited - United Kingdom
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Minerals Council of Australia
- Eastern Coal Council - USA
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
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