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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, 23 May 11
BRMS IS TO START PRODUCTION FROM DAIRI PRIMA MINERALS
COALspot.com - The Presidential Decree No. 28 Year 2011 that allows conditional underground mining in the protected forest areas was issued on 19th ...
Sunday, 22 May 11
INDONESIA - INDIA IS LIKELY TO BE STEADY NEXT WEEK - VISTAAR SINGAPORE
COALspot.com - The freight market remained soft beginning of the week, however second half of the week was firm with BDI up by 3.29 pct and closed a ...
Saturday, 21 May 11
OWNERS PREFER TO DO INDO COAL OR NICKEL ORE TO CHINA RATHER THAN GOING TO INDIA - FEARNBULK
Handy
The Atlantic is marked by volatility and very positional, nevertheless USG,NCSA, Cont remain strong thanks to the petcoke, grains and scrap ...
Friday, 20 May 11
GOVT TOLD TO LIMIT COAL, GAS EXPORTS - THE JAKARTA POST
The Jakarta Post, a leading news paper in Indonesia, reported that, Amid soaring global oil prices, the government should limit exports of coal and ...
Thursday, 19 May 11
INDONESIAN COAL EXPORTS DROP 7.98 PERCENT IN APRIL
COALspot.com - Indonesian coal exports dropped to 2.168 million tons in April, and up 7.13 percent on the year and 7.98 percent below March, a ...
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- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Georgia Ports Authority, United States
- Ministry of Mines - Canada
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Madhucon Powers Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Parliament of New Zealand
- Anglo American - United Kingdom
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- Sree Jayajothi Cements Limited - India
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- The University of Queensland
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- Xindia Steels Limited - India
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- MS Steel International - UAE
- Sakthi Sugars Limited - India
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- PTC India Limited - India
- Planning Commission, India
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
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