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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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- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Salva Resources Pvt Ltd - India
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Marubeni Corporation - India
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- Mjunction Services Limited - India
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Indian Energy Exchange, India
- London Commodity Brokers - England
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- Planning Commission, India
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Parliament of New Zealand
- Central Electricity Authority - India
- Latin American Coal - Colombia
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
- CNBM International Corporation - China
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- Tata Chemicals Ltd - India
- VISA Power Limited - India
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- GMR Energy Limited - India
- Australian Coal Association
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
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