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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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Wednesday, 13 November 19
SHIPPING MARKET INSIGHT - INTERMODAL
The improvements seen in the dry bulk market during the unexpectedly strong Q3 brought enthusiasm and optimism for a last quarter rally. Indeed as ...
Tuesday, 12 November 19
COAL IMPORTS AT MAJOR PORTS SLIP 18 PC TO 51 MT IN APRIL-OCTOBER - ECONOMIC TIMES
The Indian Ports Association (IPA), which maintains cargo data handled by these 12 ports, in its recent report, said "percentage variation fro ...
Monday, 11 November 19
EMINENT MARITIME ORGANIZATIONS AND INDIVIDUALS WERE HONORED
SHIPTEK 2019 Anchors in Greece for its 12th edition.
Eminent Maritime Organizations and Individuals were honored
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Wednesday, 06 November 19
SHIPPING MARKET INSIGHT - INTERMODAL
With less than two months before the end of the year, the shipping and refining industries have already taken measures and invested to accommodate ...
Monday, 04 November 19
COAL INDIA'S OCTOBER PRODUCTION MAY FALL 20% - PTI
Coal India’s production in October is likely to be 19-20 per cent lower at about 40 million tonne, as compared to 49.77 million tonne produce ...
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- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
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- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Minerals Council of Australia
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- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
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- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
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- Essar Steel Hazira Ltd - India
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- Bukit Asam (Persero) Tbk - Indonesia
- Jaiprakash Power Ventures ltd
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- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
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- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
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- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
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- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
- The University of Queensland
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- Parliament of New Zealand
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- AsiaOL BioFuels Corp., Philippines
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
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- Africa Commodities Group - South Africa
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- Malabar Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- VISA Power Limited - India
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Oldendorff Carriers - Singapore
- SMC Global Power, Philippines
- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- Central Java Power - Indonesia
- Bulk Trading Sa - Switzerland
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- CNBM International Corporation - China
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