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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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Monday, 30 December 19
AUSTRALIAN MINERS HIT BY LOWEST THERMAL COAL PRICE IN MORE THAN A DECADE - THE GUARDIAN
Australian coal exporters have experienced the biggest annual drop in thermal coal prices in more than a decade during 2019, raising doubts about i ...
Monday, 30 December 19
INDIA'S COAL IMPORTS RISE 4% TO 161.43 MT IN APRIL-NOVEMBER 2019 - PTI
The country’s coal imports registered an increase of 4.4 per cent to 161.43 million tonnes (MT) in the April-November period of the ongoing f ...
Sunday, 29 December 19
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 (BSPI), a gauge of ...
Sunday, 29 December 19
IMO 2020 COMPLIANCE: IT'S UP TO US TO BE GOOD CITIZENS - IBIA
One of the concerns around implementation of the 0.50% sulphur limit has been, and continues to be, the need for effective enforcement to ensure a ...
Sunday, 29 December 19
AUSTRALIA SUFFERS WORST OF CHINA'S COAL CURBS AFTER EARLIER BOOM - BLOOMBERG
Australia is bearing the brunt of China’s year-end coal import restrictions, ceding market share to other exporters including Russia and Mong ...
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Showing 1216 to 1220 news of total 6871 |
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- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- Indika Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Uttam Galva Steels Limited - India
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Central Electricity Authority - India
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- Makarim & Taira - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Antam Resourcindo - Indonesia
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- The University of Queensland
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- PTC India Limited - India
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
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