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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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Saturday, 25 March 23
COAL INDIA HAS STRONG CASE TO INCREASE PRICES, TALKS ON: CMD AGRAWAL - BUSINESS STANDARD
Coal India (CIL) Chairman and Managing Director Pramod Agrawal said on Monday there is a “strong case” for increasing coal prices, and ...
Saturday, 25 March 23
ASIAN CRUDE PALM OIL WATCH 1Q23 - FITCH RATINGS
Malaysian benchmark crude palm oil (CPO) spot prices have averaged around USD915 per tonne (t) so far in 1Q23, sharply lower than the average of ar ...
Saturday, 25 March 23
INDONESIA’S COAL EXPORT INCREASED BY 21.0% YOY TO 388.4 MLN T IN 2022 - BANCHERO COSTA
After a slow start in the first quarter, global coal trade has really picked up pace last year, and is now fully back to pre-Covid levels. In the f ...
Saturday, 25 March 23
GLOBAL LNG-ASIA SPOT PRICES SLIP AS WEAK NORTHERN DEMAND REMAINS - REUTERS
Asian spot prices of liquefied natural gas (LNG) declined this week, falling to a 21-month low, as weak demand in the northeast Asia region continu ...
Wednesday, 22 March 23
OIL PRICE FALL SPECULATIVE, TO HIT $140 BY YEAR-END -ANDURAND: REUTERS
The recent fall in oil prices due to banking jitters is speculative and oil will hit $140 a barrel by the end of the year, hedge fund manager Pierr ...
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- Videocon Industries ltd - India
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
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- Global Green Power PLC Corporation, Philippines
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- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
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- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
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- Ministry of Mines - Canada
- Coal and Oil Company - UAE
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- Central Java Power - Indonesia
- VISA Power Limited - India
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- IEA Clean Coal Centre - UK
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- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
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- White Energy Company Limited
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- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
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- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- The Treasury - Australian Government
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- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
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- The University of Queensland
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- Heidelberg Cement - Germany
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- Central Electricity Authority - India
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- Gujarat Mineral Development Corp Ltd - India
- Sarangani Energy Corporation, Philippines
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- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
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- Cigading International Bulk Terminal - Indonesia
- Siam City Cement - Thailand
- Bukit Makmur.PT - Indonesia
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- Electricity Generating Authority of Thailand
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- PNOC Exploration Corporation - Philippines
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- Ministry of Transport, Egypt
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- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
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- Eastern Energy - Thailand
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- Sojitz Corporation - Japan
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- Mercator Lines Limited - India
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- Australian Coal Association
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- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
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- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
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- Sindya Power Generating Company Private Ltd
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- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Economic Council, Georgia
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
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- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
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- The State Trading Corporation of India Ltd
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- Commonwealth Bank - Australia
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- Bangladesh Power Developement Board
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