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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, 03 June 10
GOVT CONSIDERING IMPORT PARITY PRICE FOR DOMESTIC COAL
The government on June 1 said it is considering to price domestic coal on par with global rates, a move which may increase the cost of the raw mater ...
Wednesday, 02 June 10
SRI LANKA TESTS 1ST COAL POWER PLANT IN SEPT.
Sri Lanka will start testing its first 300 MegaWatt coal power plant in September with plans to connect it to the national distribution grid by Janu ...
Wednesday, 02 June 10
CHINA'S IRON ORE IMPORTS TO KEEP BEING THE BIGGEST FACTOR FOR DRY BULK FREIGHT RATES SAY READERS
With dry bulk freight rates staging a positive rally during most of May, the industry’s main benchmark, the Baltic Dry Index (BDI) has managed ...
Wednesday, 02 June 10
KIDECO TO PRODUCE 29.5 MILLION TONS OF COAL IN 2010
COALspot.com: Kideco to produce 29.5 million tons of coal in 2010 up 4.8 million or about 19 percent up from 2009 production. Kideco produced 24.7 m ...
Wednesday, 02 June 10
PLN TO DEVOUR 133 PERCENT MORE COAL IN NEXT FIVE YEARS
The Jakarta globe reported that, State electricity company PT Perusahaan Listrik Negara will more than double the amount of coal it uses over the ne ...
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- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Wilmar Investment Holdings
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- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
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- International Coal Ventures Pvt Ltd - India
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- Parliament of New Zealand
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- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- Electricity Authority, New Zealand
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
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- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
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- Indian Oil Corporation Limited
- Romanian Commodities Exchange
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- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- Latin American Coal - Colombia
- The University of Queensland
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Malabar Cements Ltd - India
- Planning Commission, India
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- Bukit Baiduri Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- White Energy Company Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Energy Exchange, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
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- Siam City Cement - Thailand
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- PTC India Limited - India
- Bhoruka Overseas - Indonesia
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- Economic Council, Georgia
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
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- Kohat Cement Company Ltd. - Pakistan
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- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- MS Steel International - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
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- Dalmia Cement Bharat India
- Chamber of Mines of South Africa
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- CNBM International Corporation - China
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- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
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- Merrill Lynch Commodities Europe
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- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
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