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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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Saturday, 03 September 11
FEW SHIPS REPORTED FIXED FROM INDONESIA TO INDIA - VISTAAR
COALspot.com - The freight market continued the upward trend during last week with BDI up by about 13 pct closing at 1,740 points and cape index up ...
Saturday, 03 September 11
TNPL TO BUY 240K MT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL), is seeking to procure 240,000 MT +/- 5 percent of non-coking imported coal with ...
Friday, 02 September 11
CAPESIZE DEMAND LIFTS DRY BULK MARKET ONCE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what proves to be the best week of the year for Capesize owners, strong demand has helped propel the dry bulk market to new highs yesterday. The ...
Thursday, 01 September 11
EWP TO BUY 195KT OF VIETNAM COAL
COALspot.com - Korea Midland Power (KOMIPO) has issued an International open bidding for 490kt of sub bituminous coal, according to a bid invitation ...
Thursday, 01 September 11
DRY BULK MARKET TAKES GREAT LEAP FORWARD - NIKOS ROUSSANOGLOU
In what turned out to be a rather hopeful ending of the month, the last day of August saw the dry bulk market’s benchmark, the BDI (Baltic Dry ...
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- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- VISA Power Limited - India
- MS Steel International - UAE
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- Planning Commission, India
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- Sical Logistics Limited - India
- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- Indonesian Coal Mining Association
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- New Zealand Coal & Carbon
- Malabar Cements Ltd - India
- Australian Coal Association
- Bhushan Steel Limited - India
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Marubeni Corporation - India
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
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