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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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Saturday, 01 February 20
THERMAL COAL MARKETS: 5 TRENDS TO WATCH OUT FOR IN 2020 - MINING REVIEW
The seaborne thermal coal market entered the year challenged by low priced LNG in the Atlantic and rapidly increasing supply in the Pacific.
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Saturday, 01 February 20
COAL IS NOT GOING ANYWHERE - MINING REVIEW
The coal sector is living under the constant threat of being blamed by environmentalists as being responsible for a world disaster called global wa ...
Saturday, 01 February 20
CIL PRODUCTION TO NOT EXCEED 640 MILLION TON IN FY20: OFFICIAL - PTI
Hit by disruptions due to a prolonged monsoon, mining major Coal India Ltd’s production in the current fiscal will not exceed 640 million ton ...
Saturday, 01 February 20
WHO PAYS FOR IMO 2020? - FREIGHT WAVES
The United Nations’ International Maritime Organization (IMO) implemented its low-sulfur fuel mandate on January 1, 2020. Full enforcement be ...
Friday, 31 January 20
EIA EXPECTS U.S. ELECTRICITY GENERATION FROM RENEWABLES TO SOON SURPASS NUCLEAR AND COAL
In the latest long-term projections, the U.S Energy Information Administration (EIA) projects electricity generation from renewable sources such as ...
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- New Zealand Coal & Carbon
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- Siam City Cement - Thailand
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- Energy Development Corp, Philippines
- Australian Coal Association
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Planning Commission, India
- Indika Energy - Indonesia
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Medco Energi Mining Internasional
- Electricity Generating Authority of Thailand
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- The University of Queensland
- Central Java Power - Indonesia
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- Baramulti Group, Indonesia
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Bhatia International Limited - India
- Ministry of Mines - Canada
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Posco Energy - South Korea
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- TeaM Sual Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Sinarmas Energy and Mining - Indonesia
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