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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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Friday, 22 May 09
INDONESIA`S BUKIT ASAM TO HAVE POWER PLANT IN 2011 - ANTARA
The construction of a power plant in South Sumatra by coal mining company PT Tambang Batubara Bukit Asam will be completed in April 2011.
T ...
Friday, 22 May 09
NOBLE WINS CONTROL OF AUSTRALIA'S GLOUCESTER COAL - BLOOMBERG
Noble Group Ltd., a Hong Kong- based commodity supplier, won control of Australia’s Gloucester Coal Ltd. after last week raising its cash bid ...
Thursday, 21 May 09
FBR STARTS COVERAGE OF SHIPPING SECTOR - REUTERS
Friedman Billings Ramsey began coverage of the shipping industry, saying the sector, which is amidst a deep cyclical downturn, is poised for a recov ...
Thursday, 21 May 09
INDONESIAN COAL PRODUCTION IN Q1 BELOW TARGET - STEEL GURU
Mr Bambang Gatot Ariyono director for coal and mineral development at the Energy and Mineral Resources Ministry said that the coal production in the ...
Wednesday, 20 May 09
COAL & OIL BAGS TWO CONTRACTS TO SUPPLY COAL TO CEMENT & SUGAR INDUSTRY IN INDIA
COALspot.com: According to website of Coal & Oil Company, Aditya Birla Group (Ultratech) have placed orders with Coal and Oil Company for supply ...
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- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Central Electricity Authority - India
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Tata Chemicals Ltd - India
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Economic Council, Georgia
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- Agrawal Coal Company - India
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Ministry of Finance - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- PTC India Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
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