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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, 11 December 21
BUNKER BUYERS LOSE UP TO $5/MT FOR NOT COVERING ENOUGH SUPPLIERS - INTEGR8 FUELS
With the Brent price recently touching the $80 mark and before the Omicron variant concerns pushed it lower, bunker prices reached levels not seen ...
Tuesday, 07 December 21
SUPERCYCLE DEMAND: ARE WE THERE YET? - WOOD MACKENZIE
Taking young children on a long journey is fraught with challenges, not least the inevitable question a few minutes after leaving: are we there yet ...
Tuesday, 07 December 21
COAL WOULD REMAIN ENERGY LEADER FOR AT LEAST 15 YEARS - LIVEMINT
Coal India Ltd (CIL) has been in the eye of the storm after fuel stocks at coal-fuelled power plants depleted in October. Fuel stocks since are bei ...
Tuesday, 07 December 21
GLOBAL SHIPPING OUTLOOK TURNS STABLE FROM POSITIVE ON THE BACK OF PEAKING EARNINGS DURING 2021 - MOODY'S
The outlook for the global shipping industry is changed to stable from positive for the next 12 to 18 months due to demand slightly outstripping su ...
Tuesday, 07 December 21
COAL FIRMS SEE SHARE PRICES SURGE MONDAY, AFTER GOVERNMENT READJUSTS CONTRACT PRICES - GLOBAL TIMES
Share prices of China’s coal enterprises jumped on Monday on the A-share market following a nationwide adjustment to annual thermal coal pric ...
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- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Bayan Resources Tbk. - Indonesia
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- Meenaskhi Energy Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- Economic Council, Georgia
- Georgia Ports Authority, United States
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- Aditya Birla Group - India
- Central Java Power - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Oldendorff Carriers - Singapore
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Planning Commission, India
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- PTC India Limited - India
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- ICICI Bank Limited - India
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
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