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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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Thursday, 29 October 09
COAL OF AFRICA SEES VELE OUTPUT BY APRIL 2010
* First coal from Mooiplaats mined and sold
* Talks with Transnet on rail PPP on track
Reuters reported that, Coal of Africa (CoAL) said on Mond ...
Thursday, 29 October 09
UAE FUND EYES INDIA POWER FOR INDONESIAN COAL
Reuters reported that, the UAE's Middle East Coal (MEC) is in talks to buy equity stakes in India's power plants in exchange for long-term coal su ...
Thursday, 29 October 09
CESC POSTS RS 126 CRORE (US$ 26,655,178) NET PROFIT IN QUARTER TWO
Economic Times reported that, Energy major CESC posted a marginal increase in net profit at Rs 126 crore (US$ 26,655,178) for the quarter ended Sep ...
Thursday, 29 October 09
INDIA MMTC TENDER SET TO BOOST S.AFRICA COAL
The South African coal market is set to be boosted further by India's state-owned trading firm MMTC Ltd's tender for 12.5 million tonnes, Indian t ...
Thursday, 29 October 09
INDIA CEMENTS SET TO ACQUIRE COAL MINE IN INDONESIA
Business-Standard reported that, India Cements is set to acquire a coal mine in Indonesia for around $20 million (around Rs 100 crore). The company ...
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- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Planning Commission, India
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Baramulti Group, Indonesia
- VISA Power Limited - India
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
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