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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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Friday, 28 May 10
INDIAS NEYVELI LIGNITE EYEING INDONESIA, SOUTH AFRICA COAL MINES
Integrated mining and power producer Neyveli Lignite Corporation Thursday said it is exploring possibilities for buying coal mines in Indonesia and ...
Friday, 28 May 10
ADARO ACQUIRES 25% ICP AT US$ 335 MIO
Indonesia's second largest thermal coal miner PT Adaro Energy Tbk (ADRO) today announces formation of new joint venture for Indonesian Coal Project ...
Thursday, 27 May 10
KPCL IS LOOKING FOR 0.50 MLN TON TO IMPORTED STEAMING COAL FOR RAICHUR THERMAL POWER STATION
COALspot.com: KARNATAKA POWER CORPORATION LIMITED, India invited from reputed parties meeting the pre qualifications stipulated for the import ...
Thursday, 27 May 10
TNPL TO BUY 0.240 MLN TON NON-COKING COAL FOR SECOND HALF OF 2010
COALspot.com: Tamil Nadu Newsprint and Papers Limited (TNPL), would like to procure 0.24 mln MT of imported Non-Coking Coal in 6 Shipments of about ...
Thursday, 27 May 10
DRY BULK RATES REACH 2010 HIGHS, BUT FUTURE REMAINS UNCERTAIN
This week is proving to be a milestone for the dry bulk market, as the Baltic Dry Index has propelled itself at never before seen levels for 2010. Y ...
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- Uttam Galva Steels Limited - India
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- India Bulls Power Limited - India
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Baramulti Group, Indonesia
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asmin Koalindo Tuhup - Indonesia
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
- Videocon Industries ltd - India
- The University of Queensland
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- MS Steel International - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
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