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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, 24 March 21
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Tuesday, 23 March 21
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- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- Aditya Birla Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Intertek Mineral Services - Indonesia
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Vedanta Resources Plc - India
- Minerals Council of Australia
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- MS Steel International - UAE
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
- The University of Queensland
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- PTC India Limited - India
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- Kideco Jaya Agung - Indonesia
- Riau Bara Harum - Indonesia
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
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