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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, 16 June 21
MARKET INSIGHT - INTERMODAL
“While approaching the second half of the year and summer season is just around the corner, COVID vaccination programs are steadily moving fo ...
Monday, 14 June 21
'WISHFUL THINKING': WHY CHINA NEEDS AUSTRALIAN IRON ORE FOR 'MANY YEARS' TO COME - YAHOO FINANCE AU
A “wintry period”.
That’s what’s expected to happen to Australia’s economy “when” China st ...
Sunday, 13 June 21
COAL AND LNG’S SURGE IN ASIA PLAYS INTO RENEWABLE ENERGY HANDS - REUTERS
Liquefied natural gas (LNG) and thermal coal prices in Asia have been roaring ahead in recent months amid strong demand, but while welcome news for ...
Friday, 11 June 21
5 REASONS GLOBAL SHIPPING COSTS WILL CONTINUE TO RISE - ING
No short-term relief
Shipping costs have been growing strongly since the autumn of 2020, but the first months of this year have seen a new surg ...
Friday, 11 June 21
ASIA COAL PRICES SURGE, BUT CHINA-AUSTRALIA DISPUTE MEANS RALLY IS UNEVEN - REUTERS
Thermal coal prices across Asia have surged to multi-year highs amid strong demand and some supply constraints, but some types of the fuel have don ...
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- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- Dalmia Cement Bharat India
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- The University of Queensland
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- Wilmar Investment Holdings
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- PTC India Limited - India
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Thai Mozambique Logistica
- MS Steel International - UAE
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Merrill Lynch Commodities Europe
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Aditya Birla Group - India
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