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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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Sunday, 01 November 09
THE COAL MOVEMENT TO INDIA FROM SOUTH AFRICA AND INDONESIA WOULD BE CONTINUE INCREASE - VISTAAR SINGAPORE
COALspot.com (Singapore): The BDI continued to be firm with an increase of 60 points and closed at 3,103 points.
The cape index also was firm an ...
Sunday, 01 November 09
INDONESIA ADARO Q3 NET PROFIT JUMPS ON COAL DEMAND
* Q3 net profit up 131.6 percent to 1.27 trillion rupiah
* Q3 revenue up 56.8 percent to 7.12 trillion rupiah
Reuters reported that, Indonesia' ...
Sunday, 01 November 09
PT INDIKA MAY BUY STAKES IN BHPB INDONESIA OPERATIONS
Dow Jones reported that Indonesian coal producer PT Indika Energy may buy stakes in BHP Billiton Limited's Indonesian coal operations and in local ...
Sunday, 01 November 09
ADAVALE RESOURCES MAKES COAL ACQUISITIONS IN INDONESIA
Adavale Resources Limited has entered into an agreement to acquire the rights to two thermal coal projects Tapan and Jambi in Sumatra Indonesia, hel ...
Saturday, 31 October 09
PRODUCERS BENEFIT FROM COAL'S TIGHT SUPPLY AND STRONG DEMAND
The Jakarta Post reported that, The outlook for Indonesian coal producers appears promising with strong volume growth coming from both the domestic ...
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- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- PTC India Limited - India
- New Zealand Coal & Carbon
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- Manunggal Multi Energi - Indonesia
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- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
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- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
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- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
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- Baramulti Group, Indonesia
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- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
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- White Energy Company Limited
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- Port Waratah Coal Services - Australia
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- Parliament of New Zealand
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- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
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- Romanian Commodities Exchange
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Ministry of Mines - Canada
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- CNBM International Corporation - China
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- Kideco Jaya Agung - Indonesia
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- Indian Oil Corporation Limited
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- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Energy Development Corp, Philippines
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
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- Bangladesh Power Developement Board
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- Bhoruka Overseas - Indonesia
- Deloitte Consulting - India
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
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- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
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- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
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- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- Minerals Council of Australia
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- Bhushan Steel Limited - India
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- The University of Queensland
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- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
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- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
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- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- Thai Mozambique Logistica
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- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
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- Kalimantan Lumbung Energi - Indonesia
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
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- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
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- GVK Power & Infra Limited - India
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- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- Salva Resources Pvt Ltd - India
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- TNB Fuel Sdn Bhd - Malaysia
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- Sojitz Corporation - Japan
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