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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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Saturday, 09 January 10
IMPORTED, LOCAL COAL TO BE MIXED IN POWER DRIVE
The government is likely to create a pool price of coal, wherein imported coal and Indian coal could be mixed, making the imported coal becomes more ...
Friday, 08 January 10
SA COAL PRICES TO SPIKE ON RESUMED INDIA BUYING
South African coal prices are set for another price surge to over $100 a ton FOB as Indian and Chinese buyers compete for limited prompt supply, pro ...
Friday, 08 January 10
COLOMBIAN COAL STARTS TO MOVE TO CHINA - TRADERS
* Producer sells cape cargo Colombian coal to China
* Firm bids in freight market
* More shipments expected
Colombian coal is starting to move ...
Thursday, 07 January 10
PT. BUKIT ASAM TO BUILD NEW COAL LOADING TERMINAL AND COAL LOADER
COALspot.com (Indonesia): PT Bukit Asam (Persero) Tbk, Indonesia’s state owned coal mining company, is planning to build an additi ...
Thursday, 07 January 10
RAMKY PLANS COAL MINING IN INDONESIA
Ramky Infrastructure Limited, a Hyderabad-based integrated infrastructure construction and development management company with strategic emphasis on ...
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- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- Borneo Indobara - Indonesia
- White Energy Company Limited
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- Economic Council, Georgia
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Maharashtra Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- Antam Resourcindo - Indonesia
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Altura Mining Limited, Indonesia
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Agrawal Coal Company - India
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
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