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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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Friday, 20 November 09
INDONESIAN CO PLANS JV WITH NAGARJUNA
Economic Times reported that, Infrastructure firm Nagarjuna Constructions Company (NCC) is set to form a joint venture with an Indonesian coal minin ...
Thursday, 19 November 09
S. KOREA TO BUY COAL FROM CHINA FOR US$ 85-90/T IN 2010
Head of one S. Korea power company on November 18 unveiled that S. Korea’s power companies may purchase coal from China at the contract price ...
Thursday, 19 November 09
SNAPSHOT OF INDONESIA'S COAL INDUSTRY - FACT BOX BY REUTERS
Indonesian plans to cap coal exports to meet domestic demand will not hit global supplies in the near term, but could start to bite in three to five ...
Thursday, 19 November 09
INDONESIA COAL EXPORTS CURB WILL TAKE TIME TO BITE
Indonesia's plans to cap coal exports to satisfy demand at home are unlikely to crimp global supplies for as long as five years, when new power pla ...
Thursday, 19 November 09
THE GOVERNMENT TO GUARANTEE COAL SUPPLIES FOR POWER PLANTS
The government guarantees coal supplies for power plants under a 10,000 MW-capacity power plant construction acceleration program.
Minister of En ...
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- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
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- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- The University of Queensland
- Australian Commodity Traders Exchange
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Economic Council, Georgia
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- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
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- Sical Logistics Limited - India
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- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
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- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
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- TeaM Sual Corporation - Philippines
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
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- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
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- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- Essar Steel Hazira Ltd - India
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- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Agrawal Coal Company - India
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
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- Electricity Authority, New Zealand
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- Sindya Power Generating Company Private Ltd
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
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- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Planning Commission, India
- Indian Oil Corporation Limited
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Aditya Birla Group - India
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
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- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Parry Sugars Refinery, India
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- Minerals Council of Australia
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- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
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- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
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