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Thursday, 02 January 20
DMO 2020 PRICE SET FOR ELECTRICITY SECTOR - IAN WOLLFF
 On the 26th December 2019, the Minister of Energy and Mineral Resources (ESDM) issued the decree No. 261.K/30.MEM/2019 about the States needs for coal in 2020 [Domestic Market Obligation = DMO] that is effective from the 1st January 2020. It is good that the decree was issued prior to its application, and the socialization of the decree is much anticipated.
The first three stipulations simply set the DMO for coal producers at a minimum of 25% of their sales. If this commitment is not met, then the producers are “obliged to pay compensation” for the shortfall amount of DMO sales. Note that the nature of such compensation is not mentioned in this decree.
The remainder of the decree specifically addresses coal sold “for the supply of electricity for public use..” The DMO sales for the cement and other industries are not mentioned, and presumably this decrees price setting formula for the electricity industry may not apply to other DMO coal uses.
The decree sets the coal selling price to the domestic electricity market, based upon a reference coal quality, and at the Free On Board (FOB) sales point. It would appear the business entity providing electricity is now mandatory to buy coal FOB and be responsible for coal transport, and to prioritize long term contracts. Coal producers that do not meet their DMO commitments related to the domestic electric market will be subject to sanctions in the form of reducing quota for the following years approved production. There seems to be no mention on the differentiation of 25% overall DMO and the proportion to be committed to the electric industry.
The Decree’s attachment sets out the determination of the selling price for the supply of electricity for public interest. There is separate formula for when the coal reference price is equal or more than USD 70/ton FOB, and for when the coal reference price is less than USD 70/ton FOB. The formula considers variations in coal quality and provides a table of 77 Indonesian coal quality / brands. There is a third consideration in the calculation of coal sales price to the electricity supply for public interest related to Spot Sales. It would seem the formulae do not consider coking properties.
Ian Wollff
Principal Geologist. Independent Consultant
Originally Published on Linkedin on 1 January 2020
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Monday, 30 December 19
AUSTRALIAN MINERS HIT BY LOWEST THERMAL COAL PRICE IN MORE THAN A DECADE - THE GUARDIAN
Australian coal exporters have experienced the biggest annual drop in thermal coal prices in more than a decade during 2019, raising doubts about i ...
Monday, 30 December 19
INDIA'S COAL IMPORTS RISE 4% TO 161.43 MT IN APRIL-NOVEMBER 2019 - PTI
The country’s coal imports registered an increase of 4.4 per cent to 161.43 million tonnes (MT) in the April-November period of the ongoing f ...
Sunday, 29 December 19
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Sunday, 29 December 19
IMO 2020 COMPLIANCE: IT'S UP TO US TO BE GOOD CITIZENS - IBIA
One of the concerns around implementation of the 0.50% sulphur limit has been, and continues to be, the need for effective enforcement to ensure a ...
Sunday, 29 December 19
AUSTRALIA SUFFERS WORST OF CHINA'S COAL CURBS AFTER EARLIER BOOM - BLOOMBERG
Australia is bearing the brunt of China’s year-end coal import restrictions, ceding market share to other exporters including Russia and Mong ...
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Showing 1216 to 1220 news of total 6871 |
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- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- Tata Chemicals Ltd - India
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Australian Commodity Traders Exchange
- Kumho Petrochemical, South Korea
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- GAC Shipping (India) Pvt Ltd
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- Minerals Council of Australia
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- Krishnapatnam Port Company Ltd. - India
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Central Java Power - Indonesia
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- The University of Queensland
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
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