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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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Wednesday, 24 February 21
MARKET INSIGHT - INTERMODAL
With yields of up to 563%, the shares of Greek shipping companies listed on Wall Street are recorded. The Coronavirus pandemic has not significantl ...
Sunday, 21 February 21
ANZ DIVESTING FROM THE WORLD’S LARGEST COAL EXPORT PORT IS 'PRAGMATISM' - IEEFA
The biggest buyers of Australian thermal coal have committed to net-zero emissions
ANZ, Australia’s third largest bank, has decided to s ...
Sunday, 21 February 21
EDITORIAL: TIME FOR BANGLADESH TO FOCUS ON RENEWABLE ENERGY, NOT COAL - DHAKA TRIBUNE
Shifting away from coal is not only desirable, but absolutely necessary in these times.
In spite of being detrimental to environment ...
Wednesday, 17 February 21
STRANDED ASSETS A LONG-TERM RISK FOR MAJOR FOSSIL FUEL EXPORTERS - FITCH RATINGS
Fossil exporters face a loss of GDP, government revenue and export receipts from the transition to a lower-carbon economy over the coming decades. ...
Friday, 12 February 21
U.S: WIND SURPASSED COAL AS NO. 1 FUEL SOURCE IN 2020 FOR SOUTHWEST POWER POOL - IEEFA
Wind energy growth due to geography, design factors, and new installations
Wind surpassed coal as the primary power generation sourc ...
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- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
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- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
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- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
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- The State Trading Corporation of India Ltd
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- Sical Logistics Limited - India
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- Energy Development Corp, Philippines
- Economic Council, Georgia
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- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Iligan Light & Power Inc, Philippines
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
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- Videocon Industries ltd - India
- White Energy Company Limited
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- Singapore Mercantile Exchange
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- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
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- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- Central Electricity Authority - India
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- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
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- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
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- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
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- SMC Global Power, Philippines
- Renaissance Capital - South Africa
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- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
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- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
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- Antam Resourcindo - Indonesia
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- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
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- Billiton Holdings Pty Ltd - Australia
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- Grasim Industreis Ltd - India
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- Aboitiz Power Corporation - Philippines
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- Baramulti Group, Indonesia
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- Australian Coal Association
- Madhucon Powers Ltd - India
- OPG Power Generation Pvt Ltd - India
- The Treasury - Australian Government
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- Gujarat Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
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- Independent Power Producers Association of India
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- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
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- PowerSource Philippines DevCo
- London Commodity Brokers - England
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- Minerals Council of Australia
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- Alfred C Toepfer International GmbH - Germany
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- Bulk Trading Sa - Switzerland
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- ASAPP Information Group - India
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- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
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- Ministry of Transport, Egypt
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- The University of Queensland
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