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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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Monday, 09 August 21
AIIB MAY OFFICIALLY END COAL FINANCING IN 2022 - CHINA DAILY
The Asian Infrastructure Investment Bank may officially rule out coal projects if it updates its energy strategy next year, after shunning funding ...
Monday, 09 August 21
CHINA COAL INVENTORY THINS AMID PEAK POWER DEMAND- STATE MEDIA : REUTERS
China’s coal inventories have dropped to near historic lows since August due to peak summer electricity demand and transportation bottlenecks ...
Wednesday, 04 August 21
THE INDONESIAN COAL PRICE REFERENCE SURGED TO A FRESH RECORD HIGH OF USD 130.99 A TON IN AUGUST 2021
COALspot.com: The Indonesian Coal Price Reference ( HBA) surged to a fresh record high of USD 130.99 a ton in August 2021.
The ...
Wednesday, 04 August 21
MARKET INSIGHT - INTERMODAL
Unlike the Dry Bulk and Container sectors where freight rates have surged into 2021, the tankers market continues to experience lackluster earnings ...
Sunday, 01 August 21
SEABORNE HARD COAL TRADE IN 2020 DECREASED BY 149 MILLION MT, OR 12.1%, TO 1,083 MILLION MT - GERMAN COAL IMPORTERS ASSOCIATION
- Reduced coal-fired power plant fleet secures Germany’s power supply in severe winter of 2020/2021; little wind availability and hence stron ...
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- Kartika Selabumi Mining - Indonesia
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- Australian Coal Association
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Savvy Resources Ltd - HongKong
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- Latin American Coal - Colombia
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Marubeni Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- The University of Queensland
- Madhucon Powers Ltd - India
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- Deloitte Consulting - India
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- South Luzon Thermal Energy Corporation
- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- Intertek Mineral Services - Indonesia
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Xindia Steels Limited - India
- Indian Oil Corporation Limited
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
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