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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, 19 August 09
MMTC SCRAPS CONTROVERSIAL COAL TENDER
Most of NTPC’s coal-based projects don’t have sufficient stock of coal
State-owned trading firm MMTC Ltd has scrapped its controversi ...
Wednesday, 19 August 09
THE 3RD ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK 2009 WILL BE HELD IN CHINA IN SEPTEMBER 2009
COALspot.com (China): Due to the inversion of domestic and overseas coal price in China, China coal import increased dramatically and continuously. ...
Wednesday, 19 August 09
COAL INDIA PLANS SUBSIDIARY IN MOZAMBIQUE
Business Standard reported that, Coal India Ltd (CIL), which was awarded two exploratory coal blocks in Mozambique in March this year, has decided t ...
Tuesday, 18 August 09
INDIA PLANS 'SIMPLER' MINING LAW TO BOOST INVESTMENT
Bloomberg reported that, India aims to cut permit delays and attract overseas capital through “simpler” resource investment laws to help ...
Tuesday, 18 August 09
BANPU TO FOCUS ON CORE BUSINESS
Banpu, the country's leading energy firm, expects to conclude its four-year strategic plan next month, resulting in a strengthening of its core bus ...
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- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
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- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
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- Heidelberg Cement - Germany
- MS Steel International - UAE
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
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- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
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- Tata Chemicals Ltd - India
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- Eastern Coal Council - USA
- Indian Energy Exchange, India
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- GN Power Mariveles Coal Plant, Philippines
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
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- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- South Luzon Thermal Energy Corporation
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
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- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
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- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
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- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- Uttam Galva Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Orica Australia Pty. Ltd.
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- White Energy Company Limited
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
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- Pendopo Energi Batubara - Indonesia
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- Ministry of Finance - Indonesia
- Planning Commission, India
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- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
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- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Ind-Barath Power Infra Limited - India
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- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
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- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- PTC India Limited - India
- Central Electricity Authority - India
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Thai Mozambique Logistica
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- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
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- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
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- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
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