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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, 15 May 09
INDIKA EXPECTS TO INCREASE COAL PRODUCTION BY 12.68% IN 2010 - THE JAKARTA POST
ENERGY and infrastructure company PT Indika Energy, the parent company of Indonesia's third largest coal producer PT Kideco Jaya Agung, expects its ...
Thursday, 14 May 09
INDONESIA 2009 COAL OUTPUT REVISED DOWN - REUTERS
* Indonesia coal output seen at 240 million tonnes in 2009
* Coal exports down 11.2 pct to 44.79 mln tonnes in Q1 2009
* Production down 1.4 pct t ...
Thursday, 14 May 09
PAKISTAN WILL IMPORT 3.2 MILLION TON OF COAL IN 2009 - SEATRADE
COALspot.com (Pakistan) - SEATRADE Group of pakistan a single largest imported coal supplier in Pakistan, forecasting Pakistan steam coal imports wi ...
Wednesday, 13 May 09
ADARO, ITM EXPECT COAL GROWTH IN 2009
Adaro, which has a market capitalization of $3.64 billion, sells to 48 customers in 18 countries worldwide, including power utilities Thai Power and ...
Wednesday, 13 May 09
COAL SUPPLY MAY BE VASTLY OVERESTIMATED - ABC SCIENCE
The world's coal supply suggests reserves may be vastly overestimated and we could be facing an unprecedented global energy crisis, according to a ...
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- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- Metalloyd Limited - United Kingdom
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Salva Resources Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Tata Chemicals Ltd - India
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
- PTC India Limited - India
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- Meenaskhi Energy Private Limited - India
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Agrawal Coal Company - India
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- GMR Energy Limited - India
- VISA Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- Planning Commission, India
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
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