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Thursday, 13 October 22
SPOT COAL BIDDING: CHINESE FIRM WANTS REVISED MECHANISM - BUSINESS RECORDER
Chinese company M/s Huaneng Shandong Ruyi (Pakistan) Energy Limited (HSR) has cautioned National Electric Power Regulatory Authority (Nepra) that it would not start new round of bidding for coal import on spot for three months until revised mechanism is approved.
This was conveyed by the Company’s CEO Li Xin in a letter to Registrar Nepra, wherein the issues related to procurement of coal spot were discussed.
The company has been successfully using Afghan coal for almost four months now as requested by the Ministry of Energy (Power Division) and the total procurement made till October 11, 2022 in this respect is 448,273 tons.
The CEO HSR stated that Power Division has held one meeting and directed HSR and CPHGC to enter into a three-month agreement for coal supply and paid in PKR for Afghan/ spot market coal on October 9, 2022 together with CPPA-G and NPCC instead of monthly coal supply agreement.
Thus, in this regard the company has sought Authority’s approval and also wants to seek regulator’s approval as the company is procuring coal based on the criteria of one-month basis and has already been awarded Nepra’s approval in this regard; however, the company suggests that the criteria should be adjusted for three-month long-term coal supply without specifying the origin of the coal.
According to the new criteria suggested by the company, the bid price will carry 75 marks instead of 60 marks.
Financial strength will be 10 marks instead of 15, contract compliance will be 5 marks as compared to 10 marks, experience of past one year, 10 marks as compared to 13 marks, and experience to plant 0 in place of 2 marks.
The company maintained that penalties/liquidity damages that are imposed under the agreement are to protect the power plants’ equipment.
Thus, it should be allowed by Nepra to the plant and not be deducted in calculating the fuel price adjustment.
If two bidders get the same total weighted marks, the one with more experience be first priority.
Moreover, if the three-month approval is granted to the company, it would also like Nepra to cater for the following: (i) what would be indexation mechanism for price with three months long-term coal supply; (ii) how would the Authority cater to the fact that if during the said three months period the price of South African coal is cheaper than Afghan coal; (iii) The company has suggested that the API-46000 index should be referred by authority for comparison of South African coal and Afghan coal/spot market on MMBTU basis; (iv) the benchmark exchange rate used for the comparison of Afghan coal/ sport purchase; and (v) the bidding period/ process involved in the purchase of Afghan coal/spot purchases.
The company has requested Nepra to set up one transparent guideline for bidding process. Moreover, HSR will not start the new round of bidding process for three months, until it gets the written approval of the Authority.
Source: Business Recorder
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Wednesday, 07 December 22
MARKET INSIGHT - INTERMODAL
China’s coal imports from January to October were 230.1m mt, a decrease of around 10.7% y-o-y (2021 totalled 323.2m mt). The question is if t ...
Wednesday, 07 December 22
INDIA'S STEEL MINISTRY SEEKS IMPORT TAX WAIVER FOR COKING COAL - SOURCES REUTERS REPORTED
India’s steel ministry has asked the finance ministry for a waiver of import tax on coking coal among a slew of raw materials, as it scramble ...
Tuesday, 06 December 22
INDIA'S COAL PRODUCTION RISES 17% IN APR-NOV PERIOD - PTI
The country’s coal production increased 17 per cent to 524.20 million tonnes in the April-November period of the ongoing fiscal.
...
Tuesday, 06 December 22
INDONESIA AIMS TO STARTS COLLECTING COAL LEVY IN Q1 2023 - MINISTER, REUTERS REPORTED
Indonesia aims to establish a coal fund agency and start collecting a coal levy in the first quarter next year, to help ensure supply security for ...
Saturday, 03 December 22
COMPLEX RUSSIAN PRICE CAP MAKES MARITIME VISIBILITY A MUST - WINDWARD
Many commentators and analysts are speculating about the potential impact the Russian seaborne oil price cap will have on organizations and entitie ...
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- Global Business Power Corporation, Philippines
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- Carbofer General Trading SA - India
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- IEA Clean Coal Centre - UK
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- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
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- Commonwealth Bank - Australia
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- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
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- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Australian Coal Association
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- London Commodity Brokers - England
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
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- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- AsiaOL BioFuels Corp., Philippines
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- Directorate General of MIneral and Coal - Indonesia
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- Samtan Co., Ltd - South Korea
- South Luzon Thermal Energy Corporation
- Global Coal Blending Company Limited - Australia
- The University of Queensland
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- Anglo American - United Kingdom
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- The Treasury - Australian Government
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- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- Thai Mozambique Logistica
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