COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Monday, 30 December 13
INDONESIAN COAL TO BE PART OF INDEX DETERMINING POWER TARIFFS - BUSINESS STANDARD


In a significant move, power sector regulator CERC has decided to provide 50 per cent weightage for Indonesian coal in the benchmark index that is used to determine escalation rates for electricity generated using imported dry fuel.

The move would help in having a benchmark in deciding the escalation rates for electricity generated by power plants that are fired by Indonesian coal.

It also assumes significance amid deadlock between various power generators and procurers over increasing the electricity tariff due to rise in imported coal prices.

The Central Electricity Regulatory Commission (CERC) has decided to include Indonesian coal, besides South African and Australian dry fuel, in the composite index for imported coal for payment purposes.

Currently for payment purposes, the index takes into account only Australian and South African coal.

The Commission said the decision to revise the index has been taken after considering the composition of steam coal imports as well as the importance and acceptability of indices in international contracts.

"The weights of different coal in the composite index shall include 25 per cent Australian coal, 25 per cent South African coal, and 50 per cent Indonesian coal," the Commission said in an order dated December 23.

CERC has the mandate to notify the escalation rates for imported coal used to fire power plants. These rates are notified every six months.

According to the watchdog, Indonesian coal has been included in the index considering that it makes up for a pre- dominant share of steam coal imports into the country.

In 2010-11 period, about 73 per cent coal was imported from Indonesia while 24 per cent was from South Africa.

Average import of steam coal for the last three years shows about 76 per cent from Indonesia and 19 per cent from South Africa. During the same period, the dry fuel import from Australia was just about one per cent.

Despite insignificant steam coal imports from Australia, it would have 25 per cent weightage in the index.

"Australian coal has been retained in the composite index despite very low volume of consumption in India due to its liquidity, acceptability for contracts, and possibility of increased use of Australian coal in future," the order said.

The new index should be used to determine the escalation rates from April 1, 2014.

Regarding suggestions for country specific indices, CERC said that reliability could be an issue in such cases.

"The rationale for using composite index instead of country specific index is to induce efficiency in procurement and diversification of supplies," the order said.

Further, the regulator noted that the composite index would be subject to review and revision "as and when the need arises".
Source: Trust of India / Business Standard



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 04 December 13
INDONESIAN COAL EXPORTS VOLUME AND REVENUE IN OCTOBER MARCHED TOWARDS NORTH
COALspot.com:  Indonesia, the world's 4th largest coal producer and the largest multi grade coal exporter shipped over $1.76* billion worth of ...


Wednesday, 04 December 13
WEST AUSTRALIA IRON ORE FIXTURES ALSO CONTINUING TO PROVIDE A STEADY FLOW OF BUSINESS FOR CAPES - INTERMODAL
The Dry Bulk market has reversed course this past week, bringing back some of the lost excitement of the past month, as all size segments climbed hi ...


Wednesday, 04 December 13
THE BUYERS' DEMAND IS CONTINUOUSLY BULLISH - KONSTANTINOS KONTOMICHIS
The very low rates that prevailed for the bigger part of 2013 seem to have prepared the ground for buying opportunities for shipping investors. The ...


Wednesday, 04 December 13
SGX AND CFA TO COLLABORATE TO DEVELOP DERIVATIVES MARKETS IN CHINA AND SINGAPORE
Singapore Exchange (SGX) and the China Futures Association (CFA) are cooperating in the development of derivatives markets in China and Singapore. ...


Wednesday, 04 December 13
SGX'S MONTHLY VOLUMES REACHED A RECORD HIGH OF 705,000 MT IN NOVEMBER 2013
COALspot.com: SGX has announced that, it monthly volumes have reached a record high of 705 lots (705,000 mt) in November 2013 with month-end open in ...


   794 795 796 797 798   
Showing 3976 to 3980 news of total 6871
News by Category
Popular News
 
Total Members : 28,691
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Power Finance Corporation Ltd., India
  • Directorate Of Revenue Intelligence - India
  • Malco - India
  • Essar Steel Hazira Ltd - India
  • Makarim & Taira - Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • Directorate General of MIneral and Coal - Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • SGS (Thailand) Limited
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • The University of Queensland
  • Jorong Barutama Greston.PT - Indonesia
  • Baramulti Group, Indonesia
  • Coal Orbis AG
  • GN Power Mariveles Coal Plant, Philippines
  • Deloitte Consulting - India
  • Indian School of Mines
  • Dalmia Cement Bharat India
  • ING Bank NV - Singapore
  • Lanco Infratech Ltd - India
  • Maruti Cements - India
  • Wilmar Investment Holdings
  • Tamil Nadu electricity Board
  • Bukit Baiduri Energy - Indonesia
  • Borneo Indobara - Indonesia
  • Credit Suisse - India
  • Mercuria Energy - Indonesia
  • bp singapore
  • Idemitsu - Japan
  • World Coal - UK
  • Thailand Anthracite
  • Bangladesh Power Developement Board
  • Vizag Seaport Private Limited - India
  • J M Baxi & Co - India
  • Formosa Plastics Group - Taiwan
  • Cosco
  • CIMB Investment Bank - Malaysia
  • Orica Mining Services - Indonesia
  • Coastal Gujarat Power Limited - India
  • Noble Europe Ltd - UK
  • Cement Manufacturers Association - India
  • Indian Oil Corporation Limited
  • MS Steel International - UAE
  • Bhoruka Overseas - Indonesia
  • LBH Netherlands Bv - Netherlands
  • PLN - Indonesia
  • Grasim Industreis Ltd - India
  • Electricity Generating Authority of Thailand
  • Kapuas Tunggal Persada - Indonesia
  • Wood Mackenzie - Singapore
  • KPCL - India
  • Chamber of Mines of South Africa
  • Sarangani Energy Corporation, Philippines
  • Peabody Energy - USA
  • Trasteel International SA, Italy
  • Humpuss - Indonesia
  • ASAPP Information Group - India
  • Japan Coal Energy Center
  • Asian Development Bank
  • KOWEPO - South Korea
  • Standard Chartered Bank - UAE
  • Bangkok Bank PCL
  • Mercator Lines Limited - India
  • JPMorgan - India
  • Qatrana Cement - Jordan
  • Karbindo Abesyapradhi - Indoneisa
  • Aditya Birla Group - India
  • Infraline Energy - India
  • Asmin Koalindo Tuhup - Indonesia
  • globalCOAL - UK
  • PTC India Limited - India
  • McKinsey & Co - India
  • Sree Jayajothi Cements Limited - India
  • Mintek Dendrill Indonesia
  • Sucofindo - Indonesia
  • Adaro Indonesia
  • Posco Energy - South Korea
  • AsiaOL BioFuels Corp., Philippines
  • Heidelberg Cement - Germany
  • ACC Limited - India
  • IHS Mccloskey Coal Group - USA
  • Gresik Semen - Indonesia
  • Total Coal South Africa
  • Britmindo - Indonesia
  • Attock Cement Pakistan Limited
  • Panama Canal Authority
  • Reliance Power - India
  • Bahari Cakrawala Sebuku - Indonesia
  • IBC Asia (S) Pte Ltd
  • Indogreen Group - Indonesia
  • KPMG - USA
  • London Commodity Brokers - England
  • South Luzon Thermal Energy Corporation
  • TGV SRAAC LIMITED, India
  • Maharashtra Electricity Regulatory Commission - India
  • Kepco SPC Power Corporation, Philippines
  • Maersk Broker
  • Riau Bara Harum - Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Vedanta Resources Plc - India
  • TNPL - India
  • Globalindo Alam Lestari - Indonesia
  • Gupta Coal India Ltd
  • Price Waterhouse Coopers - Russia
  • Billiton Holdings Pty Ltd - Australia
  • Medco Energi Mining Internasional
  • Bhushan Steel Limited - India
  • Anglo American - United Kingdom
  • Meralco Power Generation, Philippines
  • Uttam Galva Steels Limited - India
  • Global Business Power Corporation, Philippines
  • U S Energy Resources
  • Sinarmas Energy and Mining - Indonesia
  • Lafarge - France
  • Interocean Group of Companies - India
  • SMC Global Power, Philippines
  • Cebu Energy, Philippines
  • ANZ Bank - Australia
  • Eastern Energy - Thailand
  • Samsung - South Korea
  • Ministry of Mines - Canada
  • Adani Power Ltd - India
  • OCBC - Singapore
  • Sical Logistics Limited - India
  • Parliament of New Zealand
  • Agrawal Coal Company - India
  • Central Java Power - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Tata Power - India
  • Platou - Singapore
  • Enel Italy
  • Inco-Indonesia
  • Latin American Coal - Colombia
  • Leighton Contractors Pty Ltd - Australia
  • UBS Singapore
  • SRK Consulting
  • Central Electricity Authority - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Meenaskhi Energy Private Limited - India
  • Ceylon Electricity Board - Sri Lanka
  • Simpson Spence & Young - Indonesia
  • World Bank
  • Sojitz Corporation - Japan
  • Deutsche Bank - India
  • Goldman Sachs - Singapore
  • Semirara Mining Corp, Philippines
  • Bank of America
  • Toyota Tsusho Corporation, Japan
  • Africa Commodities Group - South Africa
  • KEPCO - South Korea
  • Port Waratah Coal Services - Australia
  • Indika Energy - Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Merrill Lynch Bank
  • Permata Bank - Indonesia
  • Siam City Cement - Thailand
  • Ince & co LLP
  • Malabar Cements Ltd - India
  • MEC Coal - Indonesia
  • Kaltim Prima Coal - Indonesia
  • Ministry of Finance - Indonesia
  • Singapore Mercantile Exchange
  • Bharathi Cement Corporation - India
  • Intertek Mineral Services - Indonesia
  • ETA - Dubai
  • Thomson Reuters GRC
  • Moodys - Singapore
  • RBS Sempra - UK
  • Kartika Selabumi Mining - Indonesia
  • IEA Clean Coal Centre - UK
  • Pendopo Energi Batubara - Indonesia
  • Bulk Trading Sa - Switzerland
  • Coalindo Energy - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • White Energy Company Limited
  • Ambuja Cements Ltd - India
  • Xstrata Coal
  • Russian Coal LLC
  • Videocon Industries ltd - India
  • Geoservices-GeoAssay Lab
  • Banpu Public Company Limited - Thailand
  • Orica Australia Pty. Ltd.
  • Larsen & Toubro Limited - India
  • CNBM International Corporation - China
  • Miang Besar Coal Terminal - Indonesia
  • Arch Coal - USA
  • Edison Trading Spa - Italy
  • IOL Indonesia
  • Coal and Oil Company - UAE
  • Bhatia International Limited - India
  • Cargill India Pvt Ltd
  • Sindya Power Generating Company Private Ltd
  • Ernst & Young Pvt. Ltd.
  • Petrosea - Indonesia
  • VISA Power Limited - India
  • Jindal Steel & Power Ltd - India
  • Kideco Jaya Agung - Indonesia
  • TRAFIGURA, South Korea
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • India Bulls Power Limited - India
  • Mitsui
  • BRS Brokers - Singapore
  • HSBC - Hong Kong
  • Rio Tinto Coal - Australia
  • Romanian Commodities Exchange
  • SUEK AG - Indonesia
  • GVK Power & Infra Limited - India
  • IMC Shipping - Singapore
  • Straits Asia Resources Limited - Singapore
  • Karaikal Port Pvt Ltd - India
  • Argus Media - Singapore
  • Petrochimia International Co. Ltd.- Taiwan
  • APGENCO India
  • Fearnleys - India
  • The India Cements Ltd
  • Berau Coal - Indonesia
  • Cardiff University - UK
  • Cemex - Philippines
  • Coaltrans Conferences
  • International Coal Ventures Pvt Ltd - India
  • Indian Energy Exchange, India
  • Maheswari Brothers Coal Limited - India
  • The State Trading Corporation of India Ltd
  • Cigading International Bulk Terminal - Indonesia
  • Barasentosa Lestari - Indonesia
  • Mitsubishi Corporation
  • Core Mineral Indonesia
  • JPower - Japan
  • PNOC Exploration Corporation - Philippines
  • NALCO India
  • Sakthi Sugars Limited - India
  • Kumho Petrochemical, South Korea
  • Kobexindo Tractors - Indoneisa
  • Kohat Cement Company Ltd. - Pakistan
  • SN Aboitiz Power Inc, Philippines
  • Alfred C Toepfer International GmbH - Germany
  • Commonwealth Bank - Australia
  • WorleyParsons
  • Australian Commodity Traders Exchange
  • Renaissance Capital - South Africa
  • European Bulk Services B.V. - Netherlands
  • Vitol - Bahrain
  • Parry Sugars Refinery, India
  • Therma Luzon, Inc, Philippines
  • Gujarat Mineral Development Corp Ltd - India
  • Global Green Power PLC Corporation, Philippines
  • Aboitiz Power Corporation - Philippines
  • Thai Mozambique Logistica
  • Bukit Makmur.PT - Indonesia
  • Gujarat Sidhee Cement - India
  • Inspectorate - India
  • Indonesian Coal Mining Association
  • DBS Bank - Singapore
  • Freeport Indonesia
  • CCIC - Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Runge Indonesia
  • Eastern Coal Council - USA
  • Thiess Contractors Indonesia
  • Maybank - Singapore
  • Energy Link Ltd, New Zealand
  • TNB Fuel Sdn Bhd - Malaysia
  • TeaM Sual Corporation - Philippines
  • Metalloyd Limited - United Kingdom
  • Thriveni
  • Independent Power Producers Association of India
  • PowerSource Philippines DevCo
  • Antam Resourcindo - Indonesia
  • GB Group - China
  • Indonesia Power. PT
  • Oldendorff Carriers - Singapore
  • OPG Power Generation Pvt Ltd - India
  • Platts
  • Georgia Ports Authority, United States
  • Timah Investasi Mineral - Indoneisa
  • GMR Energy Limited - India
  • Australian Coal Association
  • Ministry of Transport, Egypt
  • TANGEDCO India
  • Jatenergy - Australia
  • SASOL - South Africa
  • Minerals Council of Australia
  • ICICI Bank Limited - India
  • Siam City Cement PLC, Thailand
  • Vale Mozambique
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Jaiprakash Power Ventures ltd
  • Mitra SK Pvt Ltd - India
  • Indorama - Singapore
  • Coeclerici Indonesia
  • Indo Tambangraya Megah - Indonesia
  • EMO - The Netherlands
  • PetroVietnam
  • PLN Batubara - Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • Iligan Light & Power Inc, Philippines
  • Star Paper Mills Limited - India
  • Manunggal Multi Energi - Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Glencore India Pvt. Ltd
  • UOB Asia (HK) Ltd
  • Pinang Coal Indonesia
  • Petron Corporation, Philippines
  • Tata Chemicals Ltd - India
  • Ind-Barath Power Infra Limited - India
  • Altura Mining Limited, Indonesia
  • Rudhra Energy - India
  • GHCL Limited - India
  • Gujarat Electricity Regulatory Commission - India
  • Savvy Resources Ltd - HongKong
  • Salva Resources Pvt Ltd - India
  • San Jose City I Power Corp, Philippines
  • Asia Cement - Taiwan
  • SMG Consultants - Indonesia
  • Chettinad Cement Corporation Ltd - India
  • EIA - United States
  • Shenhua Group - China
  • Shree Cement - India
  • Vijayanagar Sugar Pvt Ltd - India
  • Planning Commission, India
  • Economic Council, Georgia
  • New Zealand Coal & Carbon
  • Bank of China, Malaysia
  • Marubeni Corporation - India
  • Barclays Capital - USA
  • Neyveli Lignite Corporation Ltd, - India
  • GNFC Limited - India
  • McConnell Dowell - Australia
  • Mechel - Russia
  • Global Coal Blending Company Limited - Australia
  • Kobe Steel Ltd - Japan
  • Samtan Co., Ltd - South Korea
  • Mjunction Services Limited - India
  • GAC Shipping (India) Pvt Ltd
  • Energy Development Corp, Philippines
  • NTPC Limited - India
  • Arutmin Indonesia
  • Surastha Cement
  • Binh Thuan Hamico - Vietnam
  • Merrill Lynch Commodities Europe
  • The Treasury - Australian Government
  • Carbofer General Trading SA - India
  • Semirara Mining and Power Corporation, Philippines
  • Clarksons - UK
  • CESC Limited - India
  • Coal India Limited
  • Electricity Authority, New Zealand
  • Kalimantan Lumbung Energi - Indonesia
  • Tanito Harum - Indonesia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Xindia Steels Limited - India
  • BNP Paribas - Singapore
  • Thermax Limited - India
  • CoalTek, United States
  • Madhucon Powers Ltd - India