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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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Friday, 22 November 19
UNCERTAINTY IN THERMAL COAL MARKET PERSISTED IN 3Q19 - ADARO
Uncertainty in thermal coal market persisted in 3Q19, mainly due to the actions, or inactions, of China in setting policies for global coal market. ...
Friday, 22 November 19
CIL TO DEVELOP 55 NEW COAL MINES IN NEXT 5 YEARS: COAL MINISTER
State-owned CIL will develop 55 new coal mines and expand 193 existing ones in the next five years, Parliament was informed. The company is also un ...
Thursday, 21 November 19
4TH DEEP OFFSHORE WEST AFRICA CONGRESS 2020
4th Deep Offshore West Africa Congress 2020
17 Janaury 2020
Accra, Ghana
Press Release: Following the great succ ...
Thursday, 21 November 19
INDONESIA PLANS TO KEEP $70/T COAL PRICE CAP FOR PLN, DMO - REUTERS
Indonesia’s energy minister Arifin Tasrif said his ministry plans to maintain a price cap on coal being sold to state electricity utility, PT ...
Wednesday, 20 November 19
FOREIGN DIRECT INVESTMENTS IN COMMERCIAL COAL MINING IN INDIA? - DIPESH DIPU
In August 2019, Government of India announced its approval for Foreign Direct Investment (FDI) for coal mining, processing and sale. Not that FDI i ...
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- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
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- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Planning Commission, India
- Indian Oil Corporation Limited
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- CIMB Investment Bank - Malaysia
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
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- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Coal and Oil Company - UAE
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
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- Rashtriya Ispat Nigam Limited - India
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- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
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- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Jaiprakash Power Ventures ltd
- SN Aboitiz Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- Romanian Commodities Exchange
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Gujarat Sidhee Cement - India
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- White Energy Company Limited
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Interocean Group of Companies - India
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Vedanta Resources Plc - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
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