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Thursday, 23 September 21
LONGER COAL CONTRACTS MAY REIN IN PRICES - ECNS
In China’s coal sector that has been marred recently by price surges, regional authorities and related enterprises should ensure the fuel consumed by power generators and heat supplying companies is sourced under medium- and long-term contracts, a recent guideline released by the National Development and Reform Commission, the country’s top economic regulator, stated.
Wei Hanyang, a power market analyst at BloombergNEF, said,”The policy aims to curb the coal price surge, which could otherwise be unaffordable for power plants or lead to higher power tariffs, which are undesirable for the Chinese economy.”
Wei said the guideline has raised the contract requirements for both buyers and sellers of coal compared with the previous instruments.
He said the guideline is conducive to safeguarding the long-term interests of both suppliers and consumers of coal.
The NDRC ordered thermal power suppliers and heat suppliers to sign additional medium- and long-term coal agreements with coal producers based on their existing contracts this year, to ensure their annual coal consumption will be 100 percent covered by these deals.
The medium- and long-term contracts refer to contracts signed by players on both the supply side and the demand side for a period of one year or longer with a clear quantity and price mechanism, the NDRC guideline stated.
Wei said, “Coal companies are likely to be willing to surrender some margins, which is why a renewed contract for coal sales is needed, and now power plants can minimize exposure to any surges in the spot coal price.”
China has been experiencing coal shortages for more than three months with prices remaining at high levels, which place a heavy cost burden on utilities.
China’s coal prices soared to a record high this month and demand has also remained robust with power plants in northern parts of China beginning restocking ahead of the winter heating season.
The NDRC guideline encourages both sellers like coal producers and consumers of coal like power generators and heat suppliers to sign contracts for three years or longer periods. The supply volume of three-year or longer contracts should represent 30 percent of all medium- and long-term contracts, it said.
Last year, China’s coal consumption reached 4.04 billion tons, accounting for 56.8 percent of the total energy consumption.
The coal consumption in the power generating and heat supplying sectors is almost 2.38 billion tons, accounting for 59 percent of the country’s total coal consumption.
A high coal price would lead to a net loss for the electric heating supply enterprises and thus have an impact on the economy and people’s livelihood.
The proportion of coal consumption in China is expected to drop to about 51 percent by 2025, according to a report from the China Electric Power Planning& Engineering Institute.
Source: Ecns.cn
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Tuesday, 28 September 21
THE MAIDEN EDITION OF DIVE TECHNOLOGY SUMMIT 2021 CONCLUDES SUCCESSFULLY
Press Release: DIVE TECHNOLOGY SUMMIT 2021, a one-day conference on the recent technological advancements in the Industrial Diving industry conclud ...
Monday, 27 September 21
CHINESE COAL FIRMS MEET TO ADDRESS WINTER SUPPLY CHALLENGES - CNBC
Major Chinese coal producers are trying to resolve supply shortages and curb price rises as the country’s winter consumption peak approaches, ...
Saturday, 25 September 21
HIGH STAKES FOR ASIAN DEVELOPMENT BANK’S AMBITIOUS COAL POWER RETIREMENT PLAN - IEEFA
Implementation challenges could block funding for other equally important high impact clean energy funding strategies
In the lead up ...
Thursday, 23 September 21
BALTIC INDEX HITS 12-YEAR PEAK ON FIRMER VESSELS RATES - REUTERS
The Baltic Exchange’s main dry bulk sea freight index rose for a fourth straight session on Wednesday to a 12-year high, buoyed by higher rat ...
Thursday, 23 September 21
RECORD-HIGH GAS PRICES AFFECT MANY EUROPEAN CORPORATE SECTORS - FITCH RATINGS
Record-high natural gas prices are putting pressure on supply chains of many European corporate sectors, including non-integrated energy suppliers, ...
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- Parliament of New Zealand
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Iligan Light & Power Inc, Philippines
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Anglo American - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- SMG Consultants - Indonesia
- The University of Queensland
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Mjunction Services Limited - India
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Bhatia International Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- ASAPP Information Group - India
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Grasim Industreis Ltd - India
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Madhucon Powers Ltd - India
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