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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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Wednesday, 27 April 11
KEWESPO CALLS FOR 765KT OF THERMAL COAL
COALspot.com - South Korea's East-West Power Co's (KEWESPO) has issued a tender to buy total 765,000 tonnes of thermal coal for delivery between J ...
Wednesday, 27 April 11
HARUM ENERGY TO PAY RP 659.1B IN DIVIDENDS - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal miner Harum Energy is planning to pay out Rp 659.1 billion (US$76.46 million) in dividends this year ...
Wednesday, 27 April 11
TSIS $5 MILLION PLANT TO START PRODUCING UPGRADED COAL - THE JAKARTA POST
The Jakartapost reported that, PT Total Sinergy International (TSI), in association with Agritrade Resources Limited of Hong Kong, will upgrade its ...
Wednesday, 27 April 11
RAIN CONSIDERS COAL MINES TAKEOVER - INSIDER STORIES
Indonesian's tenth largest coal miner in term of coal concession, PT Resource Alam Indonesia Tbk (KKGI), is considering to acquire several coalmine ...
Wednesday, 27 April 11
DRY BULK MARKET LACKS ACTIVITY, RATES KEEP RETREATING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the Easter Holidays for a large of the world now behind, the dry bulk market kept lacking activity on Tuesday, which led the Baltic Dry Index ( ...
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- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Economic Council, Georgia
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- VISA Power Limited - India
- Ambuja Cements Ltd - India
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- Cement Manufacturers Association - India
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Tamil Nadu electricity Board
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Eastern Coal Council - USA
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Gujarat Sidhee Cement - India
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Gujarat Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- The University of Queensland
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- PTC India Limited - India
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
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