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Wednesday, 15 June 11
INDONESIA NEW COAL POLICY WORRIES INDIA POWER FIRMS - MYDIGITALFC
 Tata Power, Adani group, Lanco Infratech and Reliance Power, among other Indian coal importers, are waiting to assess the impact of the Indonesian government attempts to benchmark its coal prices to international indices. The new system has the potential to increase the cost of thermal power generated using imported coal in India.
The new method that will come into effect from September attempts to link the royalties paid to the Indonesian government to an index of coal prices for Australian and South African coal in addition to others. But Indian firms said Indonesian coal is of lower calorific value and, hence, priced cheaper compared with Australian and South African coal.
Deepak Amitabh, director (corporate finance) of PTC, said there are lots of issues, which still need to be sorted before the coal prices are determined. “We are still not clear how the government will work out the price differentials between Indonesian coal and that produced by Australia or South Africa, for example. Also the spot prices are always costly compared with the long-term sales contracts. We need to find out if the long term contracts for Indonesian coal would be at discount to international market prices or not.”
In September 2010 the Indonesian government issued new regulations to determine the benchmark price for the sale of coal and minerals. The regulation proposes to peg the price for both domestic sales and export of coal to a ‘benchmark price’ for all the mining licensees. Dipesh Dipu, director, consulting (mining) at Deloitte in India said the new regulation will force companies to transact at market prices, which may be seen as raising the cost of delivered coal in India.
“When companies invest in Indonesia, they tend to have the intent to sell coal at cost, so that Indonesian business unit remained at no or negligible profits. Taking a holistic view, however, the cash flows in an integrated Indonesian coal mining and Indian power generation unit after this regulation will continue to be similar, except that income taxes will be paid in Indonesia, and the cash flows will need to be brought on the books on Indian power project after paying taxes in Indonesia through appropriate and innovative business structuring,” said Dipu.
Banmali Agarwala, executive director and head of business development at Tata Power said, “The increased pricing will definitely affect the cost of generation and we are trying to work out a strategy to handle the additional hike.”
Adani group that sources coal from its mines in Indonesia is also expected to be affected by this regulation, as Adani Enterprises has direct stake in Bunyu mines in Indonesia. Adani Power has contracted to procure 4.6 mtpa coal from Adani Enterprises at $36 per tonne. However, the total import requirement for present operational capacities is around 6 mtpa.
Vijaykumar Bupathy, senior analyst with Spark Capital Advisors, said in report that “Assuming a $50 per tonne increase in the free on board (FoB) price of coal, there would be Rs 1,040 crore incremental fuel cost to the group to the extent of the committed 4.6 mtpa of supply alone.” However, when Financial Chronicle contacted Adani Enterprises, the company said there will be no direct impact on the company, since its total cost of mining and transporting Indonesian coal to Mundra is $25 per tonne. The coal is sold to Adani Power at $36 per tonne. “Any hike in price would only increase the royalty payments by around $1 or $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...
Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
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- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Altura Mining Limited, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- White Energy Company Limited
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- Bangladesh Power Developement Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Latin American Coal - Colombia
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
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