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Monday, 09 November 20
INDONESIA MAY CUT BIODIESEL USE TARGET AS SUBSIDY FUND DEPLETES - FITCH
 The Indonesian government may rein in its push to increase use of biodiesel as it now comes at higher cost following a fall in crude oil prices and sustained strength in crude palm oil (CPO) prices, Fitch Ratings says. Biodiesel is now much more expensive than regular diesel, and the subsidies drawn from an industry fund to promote biodiesel production and use have been increasing.
We estimate that the industry fund will be able to subsidise only around 8 million kilolitres (kl) of biodiesel, compared with the government's target of use of 9.6 million kl in 2020, in the absence of other measures. This suggests that Indonesia may miss its target for 2020. Also, the outlook for biodiesel demand in 2021 and CPO export levies, which contribute to the fund, is uncertain.
We think the government may scale down its plans to increase biodiesel use in Indonesia, take steps to raise collections for the industry fund through higher palm oil export levies or trim subsidies given to biodiesel producers. These actions will not only affect such producers, but are also likely to affect CPO prices and the broader palm oil industry.
Among rated names, Golden Agri-Resources Ltd. (GAR), whose consolidated profile is the basis for the rating of subsidiaries, PT Ivo Mas Tunggal and PT Sawit Mas Sejahtera (both rated A-(idn)/Stable), and PT Tunas Baru Lampung Tbk (TBLA, B+/A(idn)/Negative) have significant biodiesel capacities and it contributes significantly to revenue.
Source: FITCH
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Wednesday, 13 January 21
CHINA THERMAL GENCO PROFITS FACE PRESSURE AMID POWER SHORTAGES - FITHCH WIRE
High coal and gas prices will put near-term pressure on margins for thermal power generators in China, says Fitch Ratings. However, the power short ...
Wednesday, 13 January 21
COAL TO BE BIGGEST CONTRIBUTOR TO INDIA'S $5 TRILLION ECONOMY: AMIT SHAH - BUSINESS STANDARD
The Centre on Monday awarded the letter of allocation to successful bidders of coal mines under the commercial auction held during October-November ...
Monday, 11 January 21
MUTED COAL RECOVERY IN 2021 - BALTIC EXCHANGE
Coal demand is expected to rebound in 2021
Medium-term outlook is less favourable although demand declines are expected to be subtle ...
Sunday, 10 January 21
KOREAN GENCOS INVITED BIDS FOR TOTAL 880,000 TONS OF COAL FOR MARCH 2021 LOADING
COALspot.com: Korea South-East Power Co., Ltd. (KOEN), on behalf of EWP, KOSPO, KOSEP and KOWEPO issued an international tender for total 880 ...
Friday, 08 January 21
INDIA COULD COMPETE AGAINST CHINA IN SOLAR MODULE PRODUCTION WITH THE RIGHT GOVERNMENT SUPPORT - IEEFA
The focus should be on helping manufacturers become globally competitive
Although one of the top 10 solar module producers in the world, India ...
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- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- GMR Energy Limited - India
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- Straits Asia Resources Limited - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Trasteel International SA, Italy
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Mjunction Services Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- The University of Queensland
- Ministry of Finance - Indonesia
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- Planning Commission, India
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- Kartika Selabumi Mining - Indonesia
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Sical Logistics Limited - India
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
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