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Monday, 09 November 20
INDONESIA MAY CUT BIODIESEL USE TARGET AS SUBSIDY FUND DEPLETES - FITCH
 The Indonesian government may rein in its push to increase use of biodiesel as it now comes at higher cost following a fall in crude oil prices and sustained strength in crude palm oil (CPO) prices, Fitch Ratings says. Biodiesel is now much more expensive than regular diesel, and the subsidies drawn from an industry fund to promote biodiesel production and use have been increasing.
We estimate that the industry fund will be able to subsidise only around 8 million kilolitres (kl) of biodiesel, compared with the government's target of use of 9.6 million kl in 2020, in the absence of other measures. This suggests that Indonesia may miss its target for 2020. Also, the outlook for biodiesel demand in 2021 and CPO export levies, which contribute to the fund, is uncertain.
We think the government may scale down its plans to increase biodiesel use in Indonesia, take steps to raise collections for the industry fund through higher palm oil export levies or trim subsidies given to biodiesel producers. These actions will not only affect such producers, but are also likely to affect CPO prices and the broader palm oil industry.
Among rated names, Golden Agri-Resources Ltd. (GAR), whose consolidated profile is the basis for the rating of subsidiaries, PT Ivo Mas Tunggal and PT Sawit Mas Sejahtera (both rated A-(idn)/Stable), and PT Tunas Baru Lampung Tbk (TBLA, B+/A(idn)/Negative) have significant biodiesel capacities and it contributes significantly to revenue.
Source: FITCH
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Wednesday, 13 January 21
CHINA THERMAL GENCO PROFITS FACE PRESSURE AMID POWER SHORTAGES - FITHCH WIRE
High coal and gas prices will put near-term pressure on margins for thermal power generators in China, says Fitch Ratings. However, the power short ...
Wednesday, 13 January 21
COAL TO BE BIGGEST CONTRIBUTOR TO INDIA'S $5 TRILLION ECONOMY: AMIT SHAH - BUSINESS STANDARD
The Centre on Monday awarded the letter of allocation to successful bidders of coal mines under the commercial auction held during October-November ...
Monday, 11 January 21
MUTED COAL RECOVERY IN 2021 - BALTIC EXCHANGE
Coal demand is expected to rebound in 2021
Medium-term outlook is less favourable although demand declines are expected to be subtle ...
Sunday, 10 January 21
KOREAN GENCOS INVITED BIDS FOR TOTAL 880,000 TONS OF COAL FOR MARCH 2021 LOADING
COALspot.com: Korea South-East Power Co., Ltd. (KOEN), on behalf of EWP, KOSPO, KOSEP and KOWEPO issued an international tender for total 880 ...
Friday, 08 January 21
INDIA COULD COMPETE AGAINST CHINA IN SOLAR MODULE PRODUCTION WITH THE RIGHT GOVERNMENT SUPPORT - IEEFA
The focus should be on helping manufacturers become globally competitive
Although one of the top 10 solar module producers in the world, India ...
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- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Larsen & Toubro Limited - India
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Planning Commission, India
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Indian Energy Exchange, India
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- Salva Resources Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- GVK Power & Infra Limited - India
- Videocon Industries ltd - India
- Central Electricity Authority - India
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- Price Waterhouse Coopers - Russia
- Cement Manufacturers Association - India
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- VISA Power Limited - India
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- ASAPP Information Group - India
- Manunggal Multi Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
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