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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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Thursday, 25 November 10
JSW ENERGY BUYS CANADIAN COAL FIRM FOR $411 MN - NDTV PROFIT
NDTV Profit reported that, Sajjan Jindal-owned JSW Energy on Wednesday said it has entered into an agreement to buy out British Virgin Islands-based ...
Thursday, 25 November 10
DRY BULK MARKET STILL GOING STRONG THIS WEEK, CAPESIZE SECTOR LOSING STEAM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept its upward momentum yesterday, with the industry’s benchmark, the Baltic Dry Index (BDI) gaining a further 0.64% to e ...
Wednesday, 24 November 10
COAL PRODUCTION PREDICTED TO CLIMB IN SUNNIER 2011 - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s coal producers are expected to increase output by 13 percent in 2011, thanks to predicted better ...
Monday, 22 November 10
RUSSIA'S KTK HAS PRODUCED 4.59 MLN TONNES OF COAL IN FIRST 9 MONTHS OR AN INCREASE OF 5% YEAR-ON-YEAR
COALspot.com (Press Release) - KTK has produced 4.59 mln tonnes of coal in first nine months or an increase of 5% year-on-year.
Kuzbasskaya Topli ...
Sunday, 21 November 10
THE FREIGHT MARKET MAY SLIGHTLY FIRM UP NEXT WEEK - CAPT. REDDY
COALspot.com: The freight market continued its down fall with BDI down by 6.83 pct and closed at 2,155 points.
According to Vistaar Shipping of S ...
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- Bhushan Steel Limited - India
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Meralco Power Generation, Philippines
- Central Java Power - Indonesia
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- GMR Energy Limited - India
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Planning Commission, India
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Ind-Barath Power Infra Limited - India
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
- ASAPP Information Group - India
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- VISA Power Limited - India
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
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