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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, 07 September 09
VALE SPENT $300 MILLION AT MOZAMBIQUE COAL MINE
Bloomberg rported that, Vale SA, the world’s biggest iron- ore producer, has so far spent about $300 million of the $1.3 billion investment in ...
Monday, 07 September 09
INDIA MAY BOOST COAL IMPORTS FROM INDONESIA - PLAN JVS
WSJ reported taht, India agreed to study setting up joint ventures with Indonesian companies to acquire coal assets, and look at other means of impo ...
Monday, 07 September 09
INDIAN COAL MAY NOT POWER NEW UMPPS
The Economic Times reported that, bidders for new ultra mega power projects (UMPP) may not get assured coal supplies from domestic mines. As per the ...
Saturday, 05 September 09
THE ECI / CHINA (S7) ROUTE SOFTENED BY ALMOST 12% AND THE CHARTER HIRE WAS AT US$ 16,346 PER DAY - VISTAAR
COALspot.com (Singapore): The dry bulk market continued to be stable with the BDI almost same as last week at 2,415 points.The Panamax index went up b ...
Saturday, 05 September 09
SHANXI AIMS TO MAINTAIN 2009 COAL OUTPUT AT LAST YEAR'S LEVEL
Interfax-China reported that, Shanxi Province, the country's second-largest coal producing region, is aiming to keep its annual coal output a ...
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- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
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- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
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- Bhushan Steel Limited - India
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
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- Bangladesh Power Developement Board
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- Salva Resources Pvt Ltd - India
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- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
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- Sinarmas Energy and Mining - Indonesia
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- IEA Clean Coal Centre - UK
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- Marubeni Corporation - India
- Eastern Energy - Thailand
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
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- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- Romanian Commodities Exchange
- MS Steel International - UAE
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- The University of Queensland
- Edison Trading Spa - Italy
- Parliament of New Zealand
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- Bhatia International Limited - India
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- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- VISA Power Limited - India
- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
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- White Energy Company Limited
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- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
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- Directorate General of MIneral and Coal - Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Cement Manufacturers Association - India
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- Indian Oil Corporation Limited
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