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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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Monday, 14 December 09
SOUTH AFRICAN STEAM COAL PRICES FIRMING UP FOR Q1 TRADE
Reuters reported that Q1 South African coal prices firmed again slightly largely on Asian demand but European delivered prices were little changed.
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Sunday, 13 December 09
THE FREIGHT MARKET SEEMS TO BE COMING OFF A BIT AND THE MARKET MAY BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com (Singapore): "The market softened this week especially in the Cape and Panamax segment , where as the Supramax and Handy size was ...
Sunday, 13 December 09
NAPOCOR CUTS COAL IMPORT PROJECTION FOR 2010
STATE-RUN National Power Corp. slashed its planned coal importation for 2010 to only 200,000 metric tons from 3.4 million MT this year, as the gover ...
Sunday, 13 December 09
CHINESE BUYERS SEEK LARGE TONNAGE OF SOUTH AFRICA STEAM COAL
Reuters reported that Chinese utilities on the coast and inland are seeking several cape cargoes each of South African coal for 2010 delivery becaus ...
Saturday, 12 December 09
QUEENSLAND APPROVES A$4 BILLION COAL TERMINAL PROJECT
Queensland’s state government said it has signed a mandate approving development of the A$4 billion ($3.7 billion) Wiggins Island coal termina ...
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- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Barasentosa Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- MS Steel International - UAE
- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Marubeni Corporation - India
- Eastern Energy - Thailand
- ASAPP Information Group - India
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- Malabar Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- PTC India Limited - India
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- McConnell Dowell - Australia
- Aditya Birla Group - India
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Grasim Industreis Ltd - India
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Central Electricity Authority - India
- The University of Queensland
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
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