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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, 16 December 09
COAL MARKETS 2010 CONFERENCE - PRESS RELEASE
COALspot.com (Singapore) Press Release – Back for the 8th year, Coal Markets 2010 will be taking place in Singapore on 28 – 29 Jan ...
Wednesday, 16 December 09
CHINA 2010 COAL TERM PRICES SEEN RISING 8% ON YEAR
Term prices of thermal coal for 2010 in China are expected to rise about 8 percent from this year's levels, as demand for power has been roaring ba ...
Wednesday, 16 December 09
KANGAROO RESOURCES TO ACQUIRE INDONESIAN COAL INTERESTS
Emerging coal producer Kangaroo Resources has significantly enhanced its production pipeline in Indonesia after reaching agreement to acquire a coki ...
Wednesday, 16 December 09
UAE'S RAS AL KHAIMAH TO INVEST $5.2B IN EAST KALIMANTAN PROJECT
Shrugging off neighbor Dubai’s debt problems, the smaller United Arab Emirate of Ras Al Khaimah announced on Tuesday that it would increase it ...
Wednesday, 16 December 09
COECLERICI EYES SECOND RUSSIA COAL MINE
* CEO says "seriously considering" mid-small size purchase
* Will use mine to increase exports to Asia
* Says delays at ports will not c ...
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- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- MS Steel International - UAE
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Bhoruka Overseas - Indonesia
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- PTC India Limited - India
- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Medco Energi Mining Internasional
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- The University of Queensland
- Australian Coal Association
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Romanian Commodities Exchange
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
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