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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, 28 September 09
TATA POWER SCOUTS FOR COAL BLOCKS ABROAD
Business Standard reported that, private power producer Tata Power is scouting for coal mines abroad, including Australia and Mozambique, to meet de ...
Saturday, 26 September 09
THE INDIA / FAR EAST SEEMS WILL BE FIRM NEXT WEEK - VISTAAR
COALspot.com (Singapore): The dry bulk market was soft this week and the BDI dropped by almost 7 pct to 2,183 points. The cape size index dropped by ...
Saturday, 26 September 09
GSECL PLANS TO PROCURE 15 LAKH (1.5 MILLION) MT OF IMPORTED COAL
Business Standard reported that, State-run power generation company, Gujarat State Electricity Corporation Ltd (GSECL) intends to procure 15 lakh (1 ...
Saturday, 26 September 09
SAIL TO SET UP TWO SLAG-BASED CEMENT MANUFACTURING UNITS
Rediff Business reported that, Government-owned Steel Authority of India Ltd, the country's largest steel producer, is looking to set up two greenf ...
Friday, 25 September 09
INDONESIA STOCK EXCHANGE EXAMINES BUMI DEAL WITH CHINESE SOVEREIGN WEALTH FUND
The Jakarta globe reported that, The Indonesia Stock Exchange is looking into the $1.9 billion financing deal between PT Bumi Resources, the country ...
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- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Barasentosa Lestari - Indonesia
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- The University of Queensland
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Essar Steel Hazira Ltd - India
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- MS Steel International - UAE
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- SMG Consultants - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Australian Coal Association
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- White Energy Company Limited
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Altura Mining Limited, Indonesia
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