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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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- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
- Parliament of New Zealand
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- Sical Logistics Limited - India
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Pendopo Energi Batubara - Indonesia
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- The University of Queensland
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
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