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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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Sunday, 22 December 19
TRADING PLACES FOR 2020 - BALTIC EXCHANGE
In the sea of 2020 predictions, Saxo Bank’s Outrageous Predictions sail their own very unique course. For nearly 20 years the Danish investme ...
Saturday, 21 December 19
SUPRAMAX: A 63,000 DWT VESSEL, OPEN CIGADING, FIXED A TRIP VIA INDONESIA, REDELIVERY WEST COAST INDIA, AT $8,500 - BALTIC BRIEFING
Capesize
The Capesize market this past week has been attempting to recalibrate itself in consideration of weakening freight levels and increasi ...
Saturday, 21 December 19
SHIPPING'S SUPPLY AND DEMAND TRENDING OFF BALANCE - BIMCO
One of the most worrying trends that has developed recently – which will affect shipping demand in the years to come – is the falling t ...
Friday, 20 December 19
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remained flat during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Thursday, 19 December 19
COAL POWER GENERATION CONTINUES TO DECLINE IN GERMANY: DESTATIS, XINHUA REPORTED
The volume of electricity generated in coal-fired power plants in Germany decreased “markedly” by 37 percent to 34 billion kilowatt-hou ...
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- Directorate General of MIneral and Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- Economic Council, Georgia
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Commodity Traders Exchange
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- The Treasury - Australian Government
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Essar Steel Hazira Ltd - India
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Independent Power Producers Association of India
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Semirara Mining Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- Parliament of New Zealand
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
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