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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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Tuesday, 30 August 11
FAUJI CEMENT CONSUMED MORE THAN 1 MILLION TONS OF LOCAL COAL
Cooper Minerals Inc.based in Vancouver, BC, Canada, is a junior exploration company engaged in the acquisition, exploration and development of miner ...
Sunday, 28 August 11
FREIGHT MARKET COULD BE FIRM NEXT MONTH - VISTAAR
COALspot.com - The freight market continued the upward trend first half of the week . However, towards the end of the week lost momentum and the BDI ...
Saturday, 27 August 11
JAPANESE BULK CARRIER SETS RECORD ON NORTHERN SEA ROUTE - BARENTS OBSERVER
The Northern Sea Route will see its third record in less than a month when the largest ever bulk carrier to take the route leaves Murmansk next week ...
Saturday, 27 August 11
RBCT-INDIA ROUNDS FIXED AT AROUND US$ 12K - FEARNBULK
Handy
Stable but very positional markets across all segments in the Atlantic: the gap between owners and charterers rate ideas is building up as o ...
Friday, 26 August 11
TUAH TURANGGA AGUNG ACQUIRES AN ADDITIONAL 40% SHARES IN BARA PRIMA AGUNG
COALspot.com - PT Tuah Turangga Agung, a subsidiary of PT United Tractors Tbk, has signed an acquisition agreement to acquire 40% of PT Bara Prima A ...
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- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Australian Coal Association
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
- Energy Development Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Anglo American - United Kingdom
- London Commodity Brokers - England
- Mjunction Services Limited - India
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Mercator Lines Limited - India
- Planning Commission, India
- McConnell Dowell - Australia
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- Lanco Infratech Ltd - India
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- CIMB Investment Bank - Malaysia
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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