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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, 22 October 09
2ND UNITED INDONESIA CABINET UNVEILED
The Jakarta Post reported that, President Susilo Bambang Yudhoyono announced his second United Indonesia Cabinet on Wednesday night, comprising 34 m ...
Thursday, 22 October 09
PEABODY SET TO TAP ASIAN DEMAND FOR COAL
The Australian reported that, US coal giant Peabody Energy plans to double its Queensland and NSW coal exports in the next five years, as it looks t ...
Wednesday, 21 October 09
INDONESIA POWER FIRM SEEKS TO DEFER COAL SUPPLIES
Reuters reported that, Indonesia's state power firm is negotiating with two coal producers, including a unit of PT Bumi Resources Tbk, to defer a c ...
Wednesday, 21 October 09
MINING REGULATION GENERATES CONFUSION IN INDONESIA
The Jakarta Globe reported that, Mining industry representatives said on Friday they were confused by a recently issued regulation restricting the w ...
Wednesday, 21 October 09
LAW ACCOMMODATES NATIONAL AND INVESTOR INTERESTS
COALspot.com (Indonesia): According to ESDM, the government has issued five Lawson the energy and mineral resources sector. These laws will prioriti ...
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- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- PTC India Limited - India
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- Planning Commission, India
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- Trasteel International SA, Italy
- Antam Resourcindo - Indonesia
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Bukit Makmur.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Heidelberg Cement - Germany
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bhushan Steel Limited - India
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- Baramulti Group, Indonesia
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
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