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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, 19 October 22
WHAT WILL THE GAS MARKET LOOK LIKE IN A NET ZERO WORLD? - WOOD MACKENZIE
The global gas and LNG market faces a number of ‘great unknowns’. With the market in turmoil uncertainty abounds – from the scale ...
Wednesday, 19 October 22
MARKET INSIGHT - INTERMODAL
The LNG market remains extremely tight, and as a result adding further pressure on the vessel charter market, which is already stretched due to the ...
Sunday, 16 October 22
COULD A RETURN TO SHALE EXPLORATION BE PART OF THE SOLUTION TO EUROPE'S GAS SUPPLY PROBLEM? - WOOD MACKENZIE
The European gas market is in turmoil. Russia’s invasion of Ukraine has shaken things up, triggering a complete rethink of European energy st ...
Thursday, 13 October 22
THERMAL COAL PRICES RETREAT AS WINTER SUPPLY FEARS EASE - REUTERS
The prices of key thermal seaborne coal grades are retreating amid signs that supplies will be sufficient to meet winter demand in both Europe and ...
Thursday, 13 October 22
OPEC DOWNGRADES CRUDE OIL DEMAND, AS WORLD ECONOMY ENTERS SLOWDOWN
Crude Oil Price Movements
The OPEC Reference Basket (ORB) declined m-o-m by $6.58 in September, or 6.5%, to average $95.32/b. Pressure from equ ...
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- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Banpu Public Company Limited - Thailand
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- White Energy Company Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- Mjunction Services Limited - India
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- Minerals Council of Australia
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- ASAPP Information Group - India
- VISA Power Limited - India
- Carbofer General Trading SA - India
- PTC India Limited - India
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- Indian Oil Corporation Limited
- Ministry of Mines - Canada
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- MS Steel International - UAE
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Kobexindo Tractors - Indoneisa
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