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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, 18 January 20
BIMCO: LOW-SULPHUR FUEL SALE JUMPS TO A 70% SHARE IN SINGAPORE, AS THE IMO 2020 SULPHUR CAP KICKS IN
The final quarter of 2019 marked a massive decline of HSFO sales, as the industry transitioned into compliance of the IMO 2020 Sulphur Cap (IMO2020 ...
Saturday, 18 January 20
GERMAN STEAM COAL IMPORTS IN 2019 PLUMMETED BY 17 % - COAL IMPORTERS ASSOCIATION
Press Release: According to preliminary calculations by the German Coal Importers Association (Verein der Kohlenimporteure e. V.), world trade in h ...
Saturday, 18 January 20
A 61,400 DWT FIXED FROM SOUTH EAST ASIA DELIVERY EAST KALIMANTAN REDELIVERY WEST COAST INDIA IN THE LOW $7,000S - BALTIC BRIEFING
Capesize
The market was relatively stable over this past week putting an end to the past months of more extreme declines. While the Capesize 5T ...
Friday, 17 January 20
EIA ESTIMATES THAT U.S. COAL PRODUCTION DECLINED BY 65 MMST (9%) TO 690 MMST IN 2019. IN 2020, COAL PRODUCTION WILL DECLINE BY A FURTHER 14% TO 597 MMST
U.S. Coal Supply.
EIA estimates that U.S. coal production declined by 65 million short tons (MMst) (9%) to 690 MMst in 2019. In 2020, EIA ...
Friday, 17 January 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index, a gauge of coal p ...
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- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- London Commodity Brokers - England
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Planning Commission, India
- Makarim & Taira - Indonesia
- Marubeni Corporation - India
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Sarangani Energy Corporation, Philippines
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Dalmia Cement Bharat India
- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Simpson Spence & Young - Indonesia
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- Lanco Infratech Ltd - India
- MS Steel International - UAE
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