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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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Thursday, 19 November 09
FAST-TRACK FOCUS ON COAL POWER MAY COST INDONESIA BILLIONS
The Jakartaglobe reported that, As it begins to tap its massive coal reserves to generate cheap electricity, Indonesia may face additional costs of ...
Wednesday, 18 November 09
THAI PTT PLANS COAL MINE INVESTMENT IN INDONESIA
* To conclude Indonesian coal mine buy in 6 months
* Sees coal output jumping to 20 mln tonnes in five years
Reuters reported that, PTT , ...
Wednesday, 18 November 09
ASIA-PACIFIC MINISTERIAL CONFERENCE ON PUBLIC-PRIVATE PARTNERSHIPS FOR INFRASTRUCTURE DEVELOPMENT
“Building Asia’s Infrastructure”
COALspot.com (Indonesia) Press Release: Infrastructure Asia 2010 is Asia’s premier infra ...
Wednesday, 18 November 09
AMBUJA COAL TENDER PRICES EQUATE TO $61.50/T FOB
Reuters reported that, coal prices achieved by Indian cement maker Gujarat Ambuja in its early November tender equate to $61.50 a tonne FOB Richards ...
Tuesday, 17 November 09
JSW STEEL MAY SPEND $500 MILLION TO ACQUIRE COAL MINES OVERSEAS
JSW Steel Ltd., India’s third- biggest producer, may spend $500 million buying coal mines overseas, securing supplies for its local expansion. ...
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- Straits Asia Resources Limited - Singapore
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- Karbindo Abesyapradhi - Indoneisa
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- Deloitte Consulting - India
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
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- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
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- Savvy Resources Ltd - HongKong
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- Directorate General of MIneral and Coal - Indonesia
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- Indian Oil Corporation Limited
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- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
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- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
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- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- Planning Commission, India
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
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- Videocon Industries ltd - India
- Renaissance Capital - South Africa
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Energy Link Ltd, New Zealand
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- Africa Commodities Group - South Africa
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- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Parliament of New Zealand
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- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- White Energy Company Limited
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
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- Orica Mining Services - Indonesia
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- Independent Power Producers Association of India
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- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
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- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
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- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
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- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
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- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- ICICI Bank Limited - India
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- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
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- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
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- Toyota Tsusho Corporation, Japan
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- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- Electricity Authority, New Zealand
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- Iligan Light & Power Inc, Philippines
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- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
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