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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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Tuesday, 08 December 20
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Friday, 04 December 20
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- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- The University of Queensland
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Central Java Power - Indonesia
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Aditya Birla Group - India
- Thai Mozambique Logistica
- ASAPP Information Group - India
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- Billiton Holdings Pty Ltd - Australia
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Indian Energy Exchange, India
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Planning Commission, India
- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- Australian Coal Association
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Tamil Nadu electricity Board
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