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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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Tuesday, 12 January 10
COAL PRICE FORECAST RAISED AT ANZ ON STRONGER CHINESE DEMAND
Power-station coal price forecasts for this year were raised 19 percent by Australia & New Zealand Banking Group Ltd. on rising demand from Chin ...
Tuesday, 12 January 10
BUMIS SALE CONTRACT ONLY REACHED 35 PERCENT
PT Bumi Resources has only completed 35 percent if its coal sale contract this year. “More than 65 percent of our sale volume did not have a c ...
Monday, 11 January 10
THE MARKET IS LIKELY TO BE STEADY - VISTAAR SINGAPORE
COALspot.com (Singapore): The freight market for the first week of the year was quite active and the market especially in the Panamax and Supramax s ...
Monday, 11 January 10
CHINAS COAL EXPORT MAY DECLINE 50% IN 2009
Preliminary data released by China's General Administration of Customs (GAC) on Wednesday showed that China's coal export reached 2.05 million ton ...
Saturday, 09 January 10
THE FAR EAST MARKET STARTED TO STABILIZE - FEARNLEYS
Handy
The FEAST market started to stabilize after the quite holidays and we saw growing activity fed by Chinese coal and iron ore imports and Indi ...
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- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- Economic Council, Georgia
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Riau Bara Harum - Indonesia
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- Parry Sugars Refinery, India
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- GMR Energy Limited - India
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Romanian Commodities Exchange
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Xindia Steels Limited - India
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Bangladesh Power Developement Board
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Central Electricity Authority - India
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