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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, 01 June 09
LAHAT RELIES ON COAL FOR GROWTH
Lahat regency in South Sumatra spans 6,618.27 square kilometers, encompasses 19 districts and covers 528 subdistricts and villages. It is inhabited ...
Monday, 01 June 09
LANDED COST OF IMPORTED COAL HAS INCREASED BY 10 - 15% COMPARE TO EARLY THIS YEAR - PAKISTAN TRADERS
COALspot.com (Pakistan): Due to visiting non commercial vessels occupied commercial berths in Karachi port, coal carrying vessels were sufferi ...
Monday, 01 June 09
LAHAT RELIES ON COAL FOR GROWTH - THE JAKARTA POST
Lahat regency in South Sumatra spans 6,618.27 square kilometers, encompasses 19 districts and covers 528 subdistricts and villages. It is inhabited ...
Saturday, 30 May 09
THE CHINESE IMPORTS OF IRON ORE,COAL AND NICKEL ORE SEEMED TO BE STEADY - VISTAAR SINGAPORE
COALspot.com (Singapore): VISTAAR Shipping Pte Limited, an experienced ship operator from Singapore,said, the Baltic index rally continued this week ...
Saturday, 30 May 09
COAL INDIA SIGNS FUEL SUPPLY AGREEMENT WITH NTPC - SINDHTODAY
India’s largest coal miner Coal India Friday inked a much-awaited fuel supply agreement (FSA) with power generation major NTPC Ltd.
In the ...
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- Bukit Baiduri Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
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- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- The University of Queensland
- Sical Logistics Limited - India
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- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
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- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
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- Meralco Power Generation, Philippines
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- Maheswari Brothers Coal Limited - India
- Pendopo Energi Batubara - Indonesia
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- Australian Coal Association
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Ind-Barath Power Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
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- Global Business Power Corporation, Philippines
- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- Vizag Seaport Private Limited - India
- PNOC Exploration Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Mercuria Energy - Indonesia
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- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
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- SN Aboitiz Power Inc, Philippines
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- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- PTC India Limited - India
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
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- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- GMR Energy Limited - India
- Planning Commission, India
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