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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, 20 October 10
ADANI THE LARGEST COAL IMPORTER OF INDIA IS NEGOTIATING WITH COAL INDIA LIMITED FOR A SUPPLY AGREEMENT - TOP NEWS
Top News reported that, negotitations are very much on between Adani Enterprises, the biggest coal importer of the country and Coal India Limited, t ...
Wednesday, 20 October 10
UAE FIRM IN INDONESIA RAIL DEAL - GULF NEWS
Gulf News reported that, construction of a 140-kilometre railway in Indonesia, initiated by RAK Minerals and Metals Investments (RMMI) will start ne ...
Wednesday, 20 October 10
CAPESIZES FINDING SUPPORT IN IRON ORE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although the beginning of the week wasn’t the rosiest one for the dry bulk market, last week proved a cheerful one for dry bulk ship owners, e ...
Saturday, 16 October 10
BDI WAS MARGINALLY UP BY 2.45 PCT LAST WEEK - VISTAAR SHIPPING
COALspot.com: The BDI seemed to lose the moment compared to last week and was marginally by 2.45 pct and closed at 2,762 points.
Also the Cape in ...
Friday, 15 October 10
VALUE ADDED TAX FOR COAL TO RE-INTRODUCE IN INDONESIA
COALspot.com: Indonesian government is drafting a ministerial decree to re-introduce value added tax for coal and mineral. Coalindo weekly news lett ...
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- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
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- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
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- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mjunction Services Limited - India
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- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Thiess Contractors Indonesia
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- Coal and Oil Company - UAE
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- Maharashtra Electricity Regulatory Commission - India
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- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
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- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
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- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Simpson Spence & Young - Indonesia
- The University of Queensland
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- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Planning Commission, India
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- White Energy Company Limited
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- Romanian Commodities Exchange
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- Posco Energy - South Korea
- ICICI Bank Limited - India
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- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- Indian Energy Exchange, India
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- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
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- Indian Oil Corporation Limited
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- MS Steel International - UAE
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- Mintek Dendrill Indonesia
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
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- Wilmar Investment Holdings
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- Bukit Asam (Persero) Tbk - Indonesia
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- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
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- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
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- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
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- Thai Mozambique Logistica
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- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
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- Commonwealth Bank - Australia
- Minerals Council of Australia
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
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- Medco Energi Mining Internasional
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- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
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- Merrill Lynch Commodities Europe
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- Chamber of Mines of South Africa
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- Electricity Authority, New Zealand
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- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
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