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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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Saturday, 25 April 09
KPC DEVELOPS EAST KALIMANTAN WITH GOVT - THE JAKARTA POST
Kaltim Prima Coal (KPC) focuses on several areas in its CSR projects to help the government increase the welfare of the community living around the ...
Friday, 24 April 09
NAPOCOR TO TENDER FOR 195,000 T COAL - ABS-CBNNEWS.COM
Top Philippine electricity producer National Power Corp. (Napocor) said on Friday it will hold a tender on May 20 to buy 195,000 tons of steam coal ...
Friday, 24 April 09
NTPC TO DELVE INTO CONTRACT MINING - ECONOMICTIMES
NTPC, India’s largest power producer, plans to cash in on its decades-old experience in handling coal mines by spinning off a separate u ...
Wednesday, 22 April 09
PROTECTED FORESTS FACING UNDERGROUND MINING THREAT - THE JAKARTA POST
The government is soon to issue a presidential regulation allowing mining companies to mine underground in protected forest areas, despite a recent ...
Tuesday, 21 April 09
MITRA RAJASA TO ACQUIRE TWO MINING COMPANIES - THE JAKARTA POST
PT Mitra Rajasa Tbk plans to acquire PT Realita Jaya Mandiri and PT Masindo Artha Resources in South Sumatra, which are worth around US$40 million.
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- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- CNBM International Corporation - China
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Lanco Infratech Ltd - India
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Sical Logistics Limited - India
- The University of Queensland
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- Global Coal Blending Company Limited - Australia
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- ASAPP Information Group - India
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Australian Coal Association
- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
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