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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, 15 January 11
MAKE SACRIFICES TO SAVE PLN, INDONESIA GOVT BEGS MINERS - THE JAKARTA GLOBE
The Jakarta Globe reported that, Darwin Zahedi Saleh, Indonesia's minister of energy and mineral resources, on Friday appealed to local coal compan ...
Saturday, 15 January 11
RISING PRICES, GOVERNMENT DECREE LEAVE PLN AT LOGGERHEADS WITH COAL FIRMS - THE JAKARTA GLOBE
The Jakarta Globe reported that, As coal prices continue to increase, state utility Perusahaan Listrik Negara faces problems in securing enough coal ...
Thursday, 13 January 11
SURGING COAL PRICES UNDERMINE PLN'S EFFICIENCY PROGRAM - THE JAKARTA POST
The Jakarta Post reported that, The soaring global coal prices are undermining state electricity company PT PLN's pledge to improve its operational ...
Thursday, 13 January 11
SPML INFRA TO DOUBLE INDONESIA COAL MINE OUTPUT IN TWO YEARS - DNA INDIA
DNA India reported that, Kolkata-based infrastructure company SPML Infra, formerly Subhash Projects & Marketing Ltd, will in two years nearly do ...
Thursday, 13 January 11
DRY BULK RATES HIT NEW MULTI-MONTH LOWS ON AUSTRALIAS FLOODS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Floods in Australia’s Queensland has seriously disrupted coal shipments and together with a flood of vessels has pushed freight rates for dry ...
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- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- Interocean Group of Companies - India
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- White Energy Company Limited
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Iligan Light & Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- GMR Energy Limited - India
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- Malabar Cements Ltd - India
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