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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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Friday, 16 September 22
DRY BULK MARKET: EU’S BAN ON RUSSIAN COAL LIFTS DEMAND DESPITE ECONOMIC HEADWINDS - BIMCO
Highlights
– The Baltic Exchange Dry Index (BDI) peaked in late May and has since fallen sharply as lower Chinese demand and adverse glob ...
Friday, 16 September 22
BIMCO EMBARKS ON NEW STANDARD FOR “QUIET ENJOYMENT”
KNOWLEDGE TO ELEVATE
A newly set-up BIMCO drafting team involving a cross-section of shipowners, charterers, financing and leasing i ...
Friday, 16 September 22
INDIAN COAL PRODUCTION TO RISE 150 PER CENT IN 10 YEARS: CENTRE - EXPRESS NEWS SERVICE
The Union Ministry of Mines is expecting 150 per cent growth in coal production 10 years down the line as a result of coal reforms that had been us ...
Thursday, 15 September 22
MARKET INSIGHT - INTERMODAL
While the Organization of Petroleum Exporting Countries and its allies agreed on a 100,000 b/d output cut last week, oil flows are in the spotlight ...
Monday, 12 September 22
COAL PRICE HIKE REMAINS DIFFICULT FOR CIL: CHAIRMAN TELLS ANALYSTS - PTI
Coal India on Thursday informed investors that increasing coal prices remains difficult in the current context when the economy is grappling with h ...
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- Sakthi Sugars Limited - India
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- Binh Thuan Hamico - Vietnam
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- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Kapuas Tunggal Persada - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
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- Coalindo Energy - Indonesia
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- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
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- Bharathi Cement Corporation - India
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- Vedanta Resources Plc - India
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- Bangladesh Power Developement Board
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- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
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- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
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- Chamber of Mines of South Africa
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- White Energy Company Limited
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- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
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- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
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- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
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- Directorate General of MIneral and Coal - Indonesia
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- Wood Mackenzie - Singapore
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- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
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- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Minerals Council of Australia
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
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- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
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- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
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- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
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