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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, 11 August 10
BANPU SECURES TAKEOVER LOAN - BANGKOK POST
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, has secured loans worth US$2 billion from Thai and foreign banks to proceed with ...
Tuesday, 10 August 10
KOREA'S EWP TO BUY 4 MILLION TON OF 3700 AND 4600 NAR COAL AT FIXED PRICE
COALspot.com: Korean utility East-West Power out with the tender to buy 0.670 million tons with a minimum calorific value of 4600 NAR and 0.350 mill ...
Tuesday, 10 August 10
COAL CONSTRAINS CORE SECTOR GROWTH IN JUNE 2010
Growth in the six key infrastructure sectors decelerated for the third month in June. This is primarily due to last year’s high base effect. D ...
Sunday, 08 August 10
SOUTH AFRICA INCREASES COAL EXPORTS TO INDIA BY 74% IN JULY, TRADER SAYS
South Africa’s Richards Bay, the continent’s largest coal terminal, increased sales to India by 74 percent in July from June, according ...
Saturday, 07 August 10
INDIAN COAL IMPORTS WILL PLAY AN IMPORTANT PART IN KEEPING THE FREIGHT MARKET FIRM IN FUTURE - VISTAAR
COALspot.com: The freight market was volatile with market ending firmed and the BDI crossing 2000 points up by 3 pct, however the BCI was up by 14 p ...
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- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- GVK Power & Infra Limited - India
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- Planning Commission, India
- London Commodity Brokers - England
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Star Paper Mills Limited - India
- White Energy Company Limited
- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- MS Steel International - UAE
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
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