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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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Wednesday, 05 January 11
BUKIT ASAM TARGETS 20% BUY TO GROW COAL TRANSPORT CAPACITY - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesian coal producer Tambang Batubara Bukit Asam is considering buying an additional 20 percent stake in Bukit ...
Wednesday, 05 January 11
FLOODING IN AUSTRALIA WILL CAUSE COAL PRICES TO SPIKE AT LEAST 20 PERCENT
Rising coal prices are set to spike at least 20 per cent higher because of supply shortages due to severe flooding in Australia, adding cost pressur ...
Wednesday, 05 January 11
DRY BULK MARKET BEGINS NEW YEAR ON SOUR NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Seasonal factors like the worst flooding in Australia’s Queensland in half a century, coupled with thin trade activity has put the dry bulk ma ...
Tuesday, 04 January 11
THE WCI-CHINA ROUTE WAS TRADED IN THE MID US$ 10,000S - BRS DRY BULK
As reported by BRS Dry Bulk, after a stronger than expected performance in 2010, rates finished on a sombre note in December with the BDI at1,773 po ...
Tuesday, 04 January 11
BALI, INDONESIA HOST OF WORLD RENEWABLE ENERGY AND ENERGY EFFICIENCY CONFERENCE
Press Release - Indonesian Renewable Energy Society (METI – IRES) has launched the plan for organizing the international gathering ...
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- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
- Sakthi Sugars Limited - India
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Romanian Commodities Exchange
- Minerals Council of Australia
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Aditya Birla Group - India
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- Semirara Mining and Power Corporation, Philippines
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Madhucon Powers Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Interocean Group of Companies - India
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
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