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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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Monday, 16 November 09
141 VESSELS ARE EXPECTED TO LOAD 8.833 MILLION TONS OF INDONESIAN COAL BEFORE 30 NOVEMBER 2009
COALspot.com (Indonesia): 141 vessels are expected to load or sail with 8.833 million tons of Indonesian coal before 30 November 2009.
A source f ...
Sunday, 15 November 09
NALCO SHELVES SA PROJECT- PUTS IRAN PROJECT ON HOLD
The Economic Times reported that, In a twin decision on its global operations involving about Rs 27,000-crore (US$ 5.847billions) investment, the st ...
Saturday, 14 November 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AT US$ 19,000 / 20,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR SINGAPORE
COALspot.com (Singaproe): BDI continues to rally crossing the 4,000 mark. The BDI increased this week by 718 points up by 21 pct and closed at 4,111 ...
Saturday, 14 November 09
CHINA HAS BEEN THE LARGEST SINGLE BUYER OF INDONESIAN COAL IN OCTOBER, TAKING 24.37% OF TOTAL EXPORT QUANTITY OF 22.637 MILLION TONS
COALspot.com (Indonesia): China has been the largest single buyer of Indonesian coal in October 2009, taking 24.37% of total export quantity o ...
Saturday, 14 November 09
ASIA'S POWER SECTOR IS INVESTING IN COALMINES TO SECURE SUPPLIES
COALspot.com (Press Release): Asia Coal Power conference in Jakarta pinpoints growing power demand in Asia & Power sector investments in Indones ...
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- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Singapore Mercantile Exchange
- Aditya Birla Group - India
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- TNB Fuel Sdn Bhd - Malaysia
- Georgia Ports Authority, United States
- Gujarat Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Planning Commission, India
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Altura Mining Limited, Indonesia
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
- Uttam Galva Steels Limited - India
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- Kepco SPC Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
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