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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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Wednesday, 25 December 19
EXHAUST GAS CLEANING SYSTEMS (SCRUBBER) GUIDANCE - THE STANDARD CLUB
KNOWLEDGE TO ELEVATE
In a few weeks, IMO’s ‘global sulphur cap’ will take effect. The permitted levels of SOx in ship emissi ...
Wednesday, 25 December 19
INDONESIAN BUKIT ASAM TARGETS TO MINE 30 MLN T OF COAL IN 2020 - REUTERS
Indonesian state-owned coal miner PT Bukit Asam targets to produce around 30 million tonnes of coal in 2020, compared with an estimate of 28.5 mill ...
Wednesday, 25 December 19
SHIPPING MARKET INSIGHT - INTERMODAL
As another year in the shipping industry is coming to an end, it is interesting to look at the dry bulk and tanker markets and how these performed ...
Monday, 23 December 19
VLSFO PRICING & AVAILABILITY NEEDS CAREFUL WATCHING - INTEGR8 FUELS
As we approach January 1st 2020 , the VLSFO price premium to HSFO has widened considerably
We are clearly well into the IMO 2020 transition; ch ...
Sunday, 22 December 19
NMDC DIVERSIFIES INTO COAL MINING - THE HINDU
Iron ore mining major NMDC has been allocated two coal blocks in Jharkhand for commercial mining by the Union Ministry of Coal.
Both ...
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- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- Bhushan Steel Limited - India
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Bharathi Cement Corporation - India
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Dalmia Cement Bharat India
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- Minerals Council of Australia
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- Planning Commission, India
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- VISA Power Limited - India
- Renaissance Capital - South Africa
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- MS Steel International - UAE
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chettinad Cement Corporation Ltd - India
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