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Wednesday, 07 September 11
INDIA HIT BY INDONESIAS COAL PRICE - TEMPO INTERACTIVE
TEMPO Interactive, an Indonesian online news portal reported that, The Indian government has complained about the price increase of Indonesian coal, saying the hike has affected the operations of its power plants. “Some electricity companies are now having problems due to this,” said India’s Energy Minister K.C. Venugopal, quoted by the Press Trust India, last week.
Although Indian electricity companies own some shares and manage coal mines in Indonesia they cannot get a lower coal price, especially after the Indonesian government set a price margin for coal.
The government’s regulation has been deemed too strict and has forced businessmen to adjust their contracts in line with the rate increase.
The Indian government calculates power plant operations on an annual basis, taking into account the company’s performance, maintenance programs and the company’s contribution to the state electricity supply.
Two Indian electricity companies, Tata Power and Power Reliance, have sent letters to the ministry to mediate the problem between electricity buyers from the Mundra (Gujarat) and Krishnapatnam (Andhra Pradesh) projects with regards to the price increase. Both companies asked the government to allow them to increase the project value.
On a separate occasion, Indonesian Geothermal Association executive-director Supriatna Sahala said the problem began in September last year when a ministerial regulation set the lowest coal price reference.
Before the regulation, Indian companies always bought the coal below the reference price. The price of 4,200 calorie coal, which they bought for US$30 per ton, has increased to US$53 per ton with the new reference price.
As for Indonesian coal businessmen, the policy is advantageous. They are not concerned they will lose business as most coal exported to India is low-calorie.
In terms of volume, coal exports to India are relatively high, reaching 35-36 million tons per year. Japan is also a valuable export market for 6,500-calorie coal from Indonesia.
Source: Tempo Interactive (By Gustidha Budiartie)
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Wednesday, 21 September 11
2ND ANNUAL SHALE GAS SUMMIT
2nd Annual Shale Gas Summit 31 October – 3 November 2011 JW Marriott Hotel, Hong Kong
According to a recent EI ...
Tuesday, 20 September 11
MTD INAUGURATES ITS COAL TERMINAL IN JAVA ISLAND
Press Release – MTD Group of Malaysia, one of prominent key players in the development of infrastructure in Malaysia, today inaugurated their ...
Tuesday, 20 September 11
DRY BULK MARKET LOSING ITS EDGE, RETREATING AT THE START OF THE WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After a surge during the past couple of weeks, which saw Capesize earnings boosted and the BDI (Baltic Dry Index) reaching levels of year high and c ...
Monday, 19 September 11
CHINA IMPORTS MORE THAN 10 MMT INDO COAL IN AUGUST 2011
COALspot.com - Indonesian coal exports dropped 1.642 million tons in August compared to July exports. Indonesia exports 29.662 million tons of coal ...
Monday, 19 September 11
INDOMOBIL ENTERING INTO COAL MINING BUSINESS
COALspot.Com- PT Indomobil Sukses Internasional Tbk, part of, one of Indonesia's largest conglomerates, to enter into mining industry ac ...
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- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- Georgia Ports Authority, United States
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- Eastern Energy - Thailand
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Bhatia International Limited - India
- Uttam Galva Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- Central Electricity Authority - India
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- The University of Queensland
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Power Finance Corporation Ltd., India
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Australian Coal Association
- Standard Chartered Bank - UAE
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- Latin American Coal - Colombia
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
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