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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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Saturday, 28 December 19
SUPRAMAX: A 63,000DWT VESSEL, OPEN CIGADING, FIXED A TRIP VIA INDONESIA, REDELIVERY WEST COAST INDIA, AT $8,500 - BALTIC BRIEFING
Capesize
The Capesize market this past week has been attempting to recalibrate itself in consideration of weakening freight levels and increasing ...
Saturday, 28 December 19
CHINESE INDUSTRIAL CITY TO FURTHER CUT COAL CONSUMPTION - XINHUA
Harbin, capital city of Heilongjiang Province in China’s northeastern industrial heartland, is planning to further reduce its coal consumptio ...
Friday, 27 December 19
MISERY LOOMS OVER TOP COAL SHIPPERS AS CHINA TO BUY LESS IN 2020 BLOOMBERG
China isn’t cutting back on consumption of the most-polluting fossil fuel just yet, but it is set to reduce imports.
The world ...
Thursday, 26 December 19
REVIEW OF 2019 AND OUTLOOK FOR 2020 - OPEC
Global economic growth slowed in 2019, impacted by a variety of challenges. Trade issues not only led to reduction in global final consumption but ...
Wednesday, 25 December 19
COVER FOR WAR AND TERRORISM RISKS, AND COVER IN RESPECT OF BIOLOGICAL AND BIO-CHEMICAL WEAPONS - 2020 POLICY YEAR: AMERICAN CLUB
KNOWLEDGE TO ELEVATE
This Circular describes the arrangements which have been made to provide special cover for war and terrorism risks, and c ...
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Showing 1221 to 1225 news of total 6871 |
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- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Gujarat Mineral Development Corp Ltd - India
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Coal Association
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Georgia Ports Authority, United States
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- MS Steel International - UAE
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- White Energy Company Limited
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- Rio Tinto Coal - Australia
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Videocon Industries ltd - India
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
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