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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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Wednesday, 31 January 24
CHINA'S INNER MONGOLIA COAL OUTPUT HIT 1.21B TONS IN 2023 - XINHUA
North China’s Inner Mongolia autonomous region churned out 1.21 billion tons of coal in 2023 as it strives to guarantee the country’s e ...
Wednesday, 31 January 24
GAS EXPORTS COST U.S. CONSUMERS MORE THAN $100 BILLION OVER 16-MONTH PERIOD - IEEFA
Limited Demand Growth Could Dampen the Dry Bulk Market in the Coming Months BIMCOStarting in late 2021—before its invasion of Ukraine—R ...
Tuesday, 30 January 24
LIMITED DEMAND GROWTH COULD DAMPEN THE DRY BULK MARKET IN THE COMING MONTHS - BIMCO
Demand
In our base scenario, we expect cargo demand to grow by 0-1% in 2024 and 0.5-1.5% in 2025. This is a 0.5 percentage point reduction for ...
Friday, 26 January 24
RED SEA DIVERSIONS ADD NEARLY A MILLION DOLLARS PER VOYAGE TO SHIPPING COSTS WHILE DOUBLING TRANSIT TIME - LSEG
The incremental costs of diverting a tanker from Asia to NW Europe via the Cape of Good Hope is accounting for an extra $932,905 USD per voyage whi ...
Friday, 26 January 24
HARD COAL GUARDIAN ANGEL OF THE ENERGY SUPPLY - GERMANY COAL IMPORTERS ASSOCIATION
- No security of supply without hard coal
- The Substitute Power Plant Provision Act (EKBG) must be extended
- Higher grid fees due to the ...
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- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Bhushan Steel Limited - India
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- PTC India Limited - India
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- PetroVietnam Power Coal Import and Supply Company
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Bharathi Cement Corporation - India
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- Carbofer General Trading SA - India
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Toyota Tsusho Corporation, Japan
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
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