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Thursday, 13 October 22
SPOT COAL BIDDING: CHINESE FIRM WANTS REVISED MECHANISM - BUSINESS RECORDER
Chinese company M/s Huaneng Shandong Ruyi (Pakistan) Energy Limited (HSR) has cautioned National Electric Power Regulatory Authority (Nepra) that it would not start new round of bidding for coal import on spot for three months until revised mechanism is approved.
This was conveyed by the Company’s CEO Li Xin in a letter to Registrar Nepra, wherein the issues related to procurement of coal spot were discussed.
The company has been successfully using Afghan coal for almost four months now as requested by the Ministry of Energy (Power Division) and the total procurement made till October 11, 2022 in this respect is 448,273 tons.
The CEO HSR stated that Power Division has held one meeting and directed HSR and CPHGC to enter into a three-month agreement for coal supply and paid in PKR for Afghan/ spot market coal on October 9, 2022 together with CPPA-G and NPCC instead of monthly coal supply agreement.
Thus, in this regard the company has sought Authority’s approval and also wants to seek regulator’s approval as the company is procuring coal based on the criteria of one-month basis and has already been awarded Nepra’s approval in this regard; however, the company suggests that the criteria should be adjusted for three-month long-term coal supply without specifying the origin of the coal.
According to the new criteria suggested by the company, the bid price will carry 75 marks instead of 60 marks.
Financial strength will be 10 marks instead of 15, contract compliance will be 5 marks as compared to 10 marks, experience of past one year, 10 marks as compared to 13 marks, and experience to plant 0 in place of 2 marks.
The company maintained that penalties/liquidity damages that are imposed under the agreement are to protect the power plants’ equipment.
Thus, it should be allowed by Nepra to the plant and not be deducted in calculating the fuel price adjustment.
If two bidders get the same total weighted marks, the one with more experience be first priority.
Moreover, if the three-month approval is granted to the company, it would also like Nepra to cater for the following: (i) what would be indexation mechanism for price with three months long-term coal supply; (ii) how would the Authority cater to the fact that if during the said three months period the price of South African coal is cheaper than Afghan coal; (iii) The company has suggested that the API-46000 index should be referred by authority for comparison of South African coal and Afghan coal/spot market on MMBTU basis; (iv) the benchmark exchange rate used for the comparison of Afghan coal/ sport purchase; and (v) the bidding period/ process involved in the purchase of Afghan coal/spot purchases.
The company has requested Nepra to set up one transparent guideline for bidding process. Moreover, HSR will not start the new round of bidding process for three months, until it gets the written approval of the Authority.
Source: Business Recorder
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Friday, 05 January 24
BANGLADESH’S 2023 COAL-FIRED POWER OUTPUT TRIPLED, EASING SHORTAGES - REUTERS
Bangladesh nearly tripled its coal-fired power output in 2023, a Reuters analysis of government data showed, helping it tide over the worst power s ...
Tuesday, 02 January 24
COAL TRADE CONTINUES TO HEAD EAST - BALTIC EXCHANGE
The global coal trade, once concentrated in the Pacific and Atlantic basins, is undergoing a significant transformation, as highlighted in the Inte ...
Tuesday, 02 January 24
COAL CARGOES: AVOIDING EXPLOSION AND SELF-HEATING - GARD
KNOWLEDGE TO ELEVATE
Despite its contribution to greenhouse gas emissions, global coal consumption climbed to an all-time high in 2022 and is ...
Tuesday, 02 January 24
SINOPEC FORECASTS CHINA’S COAL CONSUMPTION TO PEAK AROUND 2025 - REUTERS
China Petrochemical Corp, or Sinopec, expects coal consumption to peak around 2025 at 4.37 billion metric tons, the state energy group said in an o ...
Thursday, 07 December 23
CHINA TO SET UP COAL PRODUCTION RESERVE TO STABILISE PRICES - REUTERS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...
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- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
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- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
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- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
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- Semirara Mining Corp, Philippines
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- Renaissance Capital - South Africa
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- The State Trading Corporation of India Ltd
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- Petron Corporation, Philippines
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
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- CNBM International Corporation - China
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- GAC Shipping (India) Pvt Ltd
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- Marubeni Corporation - India
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- Alfred C Toepfer International GmbH - Germany
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- Goldman Sachs - Singapore
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- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- Posco Energy - South Korea
- Agrawal Coal Company - India
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
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- Economic Council, Georgia
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- Baramulti Group, Indonesia
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- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
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- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
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- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
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- Sakthi Sugars Limited - India
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- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- Planning Commission, India
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- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- SN Aboitiz Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
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- Bhoruka Overseas - Indonesia
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- Neyveli Lignite Corporation Ltd, - India
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- Merrill Lynch Commodities Europe
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- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Georgia Ports Authority, United States
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
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