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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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Friday, 22 November 19
UNCERTAINTY IN THERMAL COAL MARKET PERSISTED IN 3Q19 - ADARO
Uncertainty in thermal coal market persisted in 3Q19, mainly due to the actions, or inactions, of China in setting policies for global coal market. ...
Friday, 22 November 19
CIL TO DEVELOP 55 NEW COAL MINES IN NEXT 5 YEARS: COAL MINISTER
State-owned CIL will develop 55 new coal mines and expand 193 existing ones in the next five years, Parliament was informed. The company is also un ...
Thursday, 21 November 19
4TH DEEP OFFSHORE WEST AFRICA CONGRESS 2020
4th Deep Offshore West Africa Congress 2020
17 Janaury 2020
Accra, Ghana
Press Release: Following the great succ ...
Thursday, 21 November 19
INDONESIA PLANS TO KEEP $70/T COAL PRICE CAP FOR PLN, DMO - REUTERS
Indonesia’s energy minister Arifin Tasrif said his ministry plans to maintain a price cap on coal being sold to state electricity utility, PT ...
Wednesday, 20 November 19
FOREIGN DIRECT INVESTMENTS IN COMMERCIAL COAL MINING IN INDIA? - DIPESH DIPU
In August 2019, Government of India announced its approval for Foreign Direct Investment (FDI) for coal mining, processing and sale. Not that FDI i ...
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- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
- Parry Sugars Refinery, India
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- White Energy Company Limited
- CNBM International Corporation - China
- Mercator Lines Limited - India
- Economic Council, Georgia
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Karaikal Port Pvt Ltd - India
- Videocon Industries ltd - India
- Deloitte Consulting - India
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Formosa Plastics Group - Taiwan
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- Indika Energy - Indonesia
- The University of Queensland
- Semirara Mining and Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Meenaskhi Energy Private Limited - India
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- Vedanta Resources Plc - India
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
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