We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 17 January 23
CHINA'S SHANXI TARGETS 2023 COAL PRODUCTION OF NEARLY 1.37B TONS - XINHUA
China’s coal-rich province of Shanxi has set a coal production target of nearly 1.37 billion metric tons for 2023, according to a government ...
Tuesday, 17 January 23
MARKET INSIGHT - INTERMODAL
Rumor has it that the New Year has come, to set the pace in, for Russia to continue hostilities against Ukraine. Ten months on the go, into Russia& ...
Tuesday, 17 January 23
INDONESIA IS ACCOUNTING FOR 32.3% OF THE GLOBAL SEABORNE COAL MARKET IN 2022 - BENCHERO 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, Benchero ...
Tuesday, 10 January 23
INDONESIAN HBA IS SEEING A SPIKE IN JANUARY 2023 INSTEAD OF A SIGNIFICANT FALL IN DECEMBER 2022
COALspot.com: Indonesian Coal Price Reference up 8.43% in January 2023.
HBA is seeing a dramatic spike in January 2023 i ...
Sunday, 08 January 23
INDIAN COAL POWER PLANTS SHOULD BE COMPENSATED FOR 2022 FORCED GENERATION – REGULATOR : REUTERS
Indian power plants that rely on imported coal should be fully compensated when forced to supply electricity, the country’s power regulator s ...
|
|
|
Showing 151 to 155 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- Karbindo Abesyapradhi - Indoneisa
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
- Anglo American - United Kingdom
- Aditya Birla Group - India
- ASAPP Information Group - India
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Australian Coal Association
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- VISA Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- The University of Queensland
|
| |
| |
|
