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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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Sunday, 02 October 22
MISC STRENGTHENS ITS PARTNERSHIP WITH SEARIVER MARITIME
MISC Berhad (MISC) today announced that its subsidiaries Polaris LNG Three Pte. Ltd. and Polaris LNG Four Pte. Ltd. have secured long-term time cha ...
Thursday, 29 September 22
MARKET INSIGHT - INTERMODAL
This week, focus turns to the 38th APPEC Conference, where leading professionals from the global oil industry will discuss the future key drivers o ...
Thursday, 29 September 22
HIGH COAL PRICES REMAIN A CONCERN FOR DOMESTIC NON-FERROUS METAL COMPANIES - ICRA
According to ICRA on Monday, the high price of coal will have a negative effect on the profitability of domestic non-ferrous metal companies that m ...
Tuesday, 27 September 22
14% INCREASE IN EUROPEAN COAL DEMAND TO BE SHORT-TERM TREND - WOOD MACKENZIE
European seaborne thermal coal demand is projected to increase 14% or 12 million metric tonnes (Mt) this year to 98 Mt as it grapples with the curr ...
Friday, 23 September 22
CHINA DIGS DEEP TO RAISE COAL OUTPUT TO RECORD HIGH - REUTERS
China’s coal production has surged this year as the government seeks to improve energy security by reducing dependence on imports and amassin ...
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- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- Australian Coal Association
- Australian Commodity Traders Exchange
- Central Electricity Authority - India
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- VISA Power Limited - India
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Borneo Indobara - Indonesia
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Sojitz Corporation - Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Thai Mozambique Logistica
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- The Treasury - Australian Government
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Vedanta Resources Plc - India
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Deloitte Consulting - India
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Indika Energy - Indonesia
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
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