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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, 29 December 09
PROFIT IN COAL INDUSTRY DOWN 9.4% Y-O-Y IN JAN.- NOV.
In November, China's coal production was 289mln tons, up 26.3% year on year, an increase of 5.2% over last month. China's average daily trucks loa ...
Tuesday, 29 December 09
DHARMA HENWA EYES 20% REVENUE GROWTH
Local integrated mining services provider PT Dharma Henwa, which was earlier this year acquired by coal mining giant PT Bumi Resources, expects reve ...
Monday, 28 December 09
NEED TO IMPORT COAL COMES EARLY
Viet Nam may need to start importing coal as early as 2012, three years earlier than expected, to meet its electricity demands.
The Viet Nam Coal ...
Monday, 28 December 09
GOVT EYES $3.57B MINING, GEOTHERMAL INVESTMENT
The country can expect up to US$3.57 billion in investment in mining and geothermal energy next year, which would represent an increase by more than ...
Monday, 28 December 09
INDONESIAN MINER LINKED TO FUGITIVE FINANCIER
The Energy Ministry is unlikely to approve the transfer of ownership of coal miner PT Riau Baraharum on allegations it is indirectly owned by fugiti ...
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- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Gujarat Mineral Development Corp Ltd - India
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- White Energy Company Limited
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- Global Green Power PLC Corporation, Philippines
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- The University of Queensland
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- Aditya Birla Group - India
- Minerals Council of Australia
- Australian Coal Association
- Cigading International Bulk Terminal - Indonesia
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- Sical Logistics Limited - India
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