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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, 03 February 21
INDONESIA TO EXPORT 395 MILLION TONS OF COAL IN 2021 - ESDM
Data from the Ministry of Energy and Mineral Resources shows that, Indonesia is planning to produce 550 million Ton of coal in 2021 and as of t ...
Wednesday, 03 February 21
MARKET INSIGHT - INTERMODAL
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Tuesday, 02 February 21
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KNOWLEDGE TO ELEVATE
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Monday, 01 February 21
A 56,000-DWT OPEN MANILA WAS FIXED FOR A TRIP VIA INDONESIA REDELIVERY CHINA AT $11,500 - THE BALTIC BRIEFING
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Monday, 01 February 21
PAKISTAN: COAL DEMAND EXPECTED TO SPIKE IN 2021 - DAWN
Coal demand is expected to remain upbeat in 2021 as more coal-fired and captive power plants are coming up in the current year.
Acco ...
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- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Parliament of New Zealand
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Kepco SPC Power Corporation, Philippines
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- GMR Energy Limited - India
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- Jindal Steel & Power Ltd - India
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- Wilmar Investment Holdings
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- Coal and Oil Company - UAE
- Metalloyd Limited - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- The University of Queensland
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Thai Mozambique Logistica
- MS Steel International - UAE
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
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