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Thursday, 03 June 10
GOVT CONSIDERING IMPORT PARITY PRICE FOR DOMESTIC COAL
 The government on June 1 said it is considering to price domestic coal on par with global rates, a move which may increase the cost of the raw material and lead to a rise in power tariff.
Both the Coal Ministry and the Planning Commission have favoured using imported coal price as benchmark for domestic coal.
"In the recent price revision exercise, efforts have been made to price higher grades of non-coking coal of Eastern Coalfield Ltd closer to import parity price...it needs to be carried further," Coal Minister Sriprakash Jaiswal told PTI.
The domestic thermal coal, consumed by power companies to produce power, are as much as 50 per cent cheaper than the imported coal.
Globally, coal prices start from USD 45 (nearly Rs 2,000) per tonne. The government had hiked coal prices by an average 11 per cent last year to Rs 448-2,500 a tonne.
Coal is the primary source of energy and the power sector alone consumes 85 per cent of the 500 million tonne produced in the country. Other consumers include cement and steel makers.
"In Coal India Ltd (CIL), for pricing of coking coal, import parity price is taken as benchmark and adjusted for quality," Jaiswal said.
Planning Commission Deputy Chairman Montek Singh Ahluwalia termed the need for parity in prices as unavoidable in the wake of the country's increasing coal import needs.
"I would say that (import price parity) is also necessary ...If you are surplus...you can subsidise...but we are coal importers ...our assessment shows that in the XII Plan import of coal would increase substantially. So I think linking (coal prices with global prices) is unavoidable," Ahluwalia said.
He said states should ensure the price parity and also advocated shifting to this system for other sources of energy.
Increase in coal prices may lead to increase the power tariff by up to Rs 1.50 per unit, according to industry estimates.
"The essence of the Integrated Energy Policy statement was that it (the price policy) should be consistent across different sources of energy," Ahluwalia added.
"Go to any economist and say that in the world of energy scarcity...you want to get energy security...you follow any policy other than linking energy prices with world prices ...especially when you are energy importer...then they would tell you that this is not the correct thing to do," he said.
Earlier this month, Power Minister SushilKumar Shinde had said that power tariff could go up by about Re 1 per unit (kwh) owing to the government's decision to more than double gas prices to USD 4.20 per mmBtu.
"Import price parity will increase the price of power significantly. Almost 65 75 per cent of cost of generation is because of coal. Cost of fuel is pass through. If it goes up it will be passed to the consumers. If in case it is not passed on then the subsidy would rise," Ernst & Young Executive Director (Business Advisory), Arun Shrivastava said.
State-owned CIL, which meets over 80 per cent dry fuel requirement of the country, produced 431.5 million tonnes of coal in the last fiscal. Still the demand-supply gap in the country is pegged at around 100 million tonnes.
Source: NDTV / Press Trust of India
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Tuesday, 25 May 10
BUMPER YEAR PREDICTED FOR INDONESIAN COAL - THE JAKARTA GLOBE
The Jakarta globe reported that, In The country’s coal output may reach 320 million tons this year, up from 300 million tons in 2009, as produ ...
Tuesday, 25 May 10
CHINA'S COAL SHIPMENTS VIA ITS MAIN PORTS RISE BY 13.1 PERCENT IN APRIL
According to the data issued by China's Ministry of Industry and Information on May 21, in April total coal shipments via China's main ports reach ...
Monday, 24 May 10
SAMTAN TO SELL KIDECO TO INDIKA ENERGY?
Insider Stories reported that, Parent company of Indonesia's coal mining contractor PT Petrosea Tbk (PTRO), PT Indika Energy Tbk (INDY) aims to boo ...
Monday, 24 May 10
INDIA'S ESSAR SHIPPING BEGIN COMMERCIAL OPERATIONS OF BULK TERMINAL AT HAZIRA
COALspot.com: Essar Shipping Ports & Logistics Ltd. commences commercial operations of Essar Bulk Terminal at Hazira, one of India's largest dr ...
Monday, 24 May 10
INDONESIAN COAL PRICE REFERENCE (HBA) FOR MAY 2010 REACHES US$ 92.07 PER TON FOB VESSEL
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has released Indonesian coal price reference (HBA) for Month of M ...
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- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Bhatia International Limited - India
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- Minerals Council of Australia
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Simpson Spence & Young - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- ASAPP Information Group - India
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Dalmia Cement Bharat India
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- VISA Power Limited - India
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- White Energy Company Limited
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
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