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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, 20 May 09
CIL MAY URGE NEW GOVERNMENT TO HIKE COAL PRICE - STEELGURU
BL reported that soon after assuming office the new government may be faced with a proposal for an increase in prices of coal by Coal India Limited ...
Wednesday, 20 May 09
S.KOREA COAL IMPORTS IN APRIL DOWN 22 PCT Y/Y - REUTERS
South Korea's imports of heating coal in April fell 22 percent from a year earlier on bearish demand from domestic utilities, industry data showed ...
Wednesday, 20 May 09
THE WORLD'S TOP COAL TRADING COMPANIES - REUTERS
The international physical steam coal market has become increasingly liquid and tradeable during the past five years.
Physical global seaborne co ...
Wednesday, 20 May 09
SHIPPING INDEX RISES TO 7-MONTH HIGH AS CHINESE DEMAND ADVANCES - BLOOMBERG
The Baltic Dry Index, a measure of shipping costs for commodities, rose to a seven-month high in London on accelerating Chinese demand for iron ore. ...
Saturday, 16 May 09
FREIGHT MARKET HAS BEEN EXTREMELY BUOYANT - VISTAAR SINGAPORE
COALspot.com (Singapore): The week saw the BDI rally continuing and the market freight market has been extremely buoyant, VISTAAR Shipping Pte Limit ...
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- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
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- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- Agrawal Coal Company - India
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- VISA Power Limited - India
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
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- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- Indian Oil Corporation Limited
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Planning Commission, India
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- Mercator Lines Limited - India
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Chettinad Cement Corporation Ltd - India
- Semirara Mining Corp, Philippines
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
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- Kapuas Tunggal Persada - Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Oldendorff Carriers - Singapore
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- Australian Coal Association
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
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- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
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- Heidelberg Cement - Germany
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- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
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- Gujarat Mineral Development Corp Ltd - India
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- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
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