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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, 03 February 10
RECOVERY IN INDONESIAN MINING SECTOR EXPECTED TO BOOST SALES, UNITED TRACTORS SAYS
PT United Tractors, the country’s biggest supplier of heavy equipment, said on Tuesday that it expected sales to increase 15 percent this year ...
Tuesday, 02 February 10
THAI BANPU SAYS HIGHER COSTS TO HIT COAL PROFITS
Thailand's top coal miner, expects profits from its coal business in 2010 to be lower than last year due to higher costs, but its chief executive i ...
Monday, 01 February 10
CIL PLANS TO INVEST IN OVERSEAS COAL MINES
Over the next 10 years, CIL expects to import from these mines at least 500 million tonnes of thermal coal, a variety used by power plants
The bo ...
Sunday, 31 January 10
AUSTRALIA NEWCASTLE THERMAL COAL FALLS 0.7 PERCENT TO $ 98.53
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 0.7 percent, falling for the first time in four weeks. ...
Sunday, 31 January 10
NTPC TO IMPORT COAL
NTPC Ltd plans to import coal directly, starting next fiscal.
“We plan to import 15-16 million tonnes of coal directly from next year,&rdqu ...
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- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- Bhatia International Limited - India
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- Marubeni Corporation - India
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- Leighton Contractors Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Indo Tambangraya Megah - Indonesia
- The University of Queensland
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- ASAPP Information Group - India
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Australian Coal Association
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- White Energy Company Limited
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Baramulti Group, Indonesia
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Makarim & Taira - Indonesia
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