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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, 06 November 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Thursday, 05 November 20
THE INDONESIA COAL PRICE REFERENCE RISES FOR SECOND CONSECUTIVE MONTH
COALspot.com: The Indonesia Coal Price Reference rose for a 2nd month by 9.24% month on month. The Indonesia Coal Price Reference for the month of ...
Wednesday, 04 November 20
PHILIPPINES COAL MORATORIUM HIGHLIGHTS DRAMATIC PIVOT TO RENEWABLE ENERGY INVESTMENT FOR LOWER PRICES AND POWER SYSTEM RESILIENCE - IEEFA
Policymakers and industry leaders ready to embrace new energy technologies
The Department of Energy’s call for a moratorium on ...
Wednesday, 04 November 20
FOREIGN INVESTORS FACE TOUGH TIMES CLOSING VIETNAM’S REMAINING COAL POWER DEALS - IEEFA
Project bankability at risk as new regulations threaten usual contractual terms
Foreign investors will face higher-than-usual risks ...
Wednesday, 04 November 20
MARKET INSIGHT - INTERMODAL
As the end of the year approaches, one would definitely notice that the newbuilding orderbook for bulk carriers is significantly smaller compared t ...
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- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Singapore Mercantile Exchange
- Asmin Koalindo Tuhup - Indonesia
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Planning Commission, India
- Economic Council, Georgia
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Vedanta Resources Plc - India
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Billiton Holdings Pty Ltd - Australia
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
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