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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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Monday, 02 November 20
PHILIPPINES GOVERNMENT SAYS NO TO NEW COAL PLANT PROPOSALS - IEEFA | 24 PILIPINAS
The Duterte administration will no longer accept proposals to construct new coal power plants, a dramatic shift in energy policy that counts on dec ...
Sunday, 01 November 20
GRADUAL RECOVERY FOR INDONESIAN COAL FROM 4Q20; RISKS REMAIN - FITCH RATINGS
Fitch Ratings expects the credit metrics of Indonesian coal miners and coal contractors to improve from 4Q20 with the recovery in volumes and price ...
Wednesday, 28 October 20
BIODIESEL - NEW FUELS, NEW CHALLENGES - GARD | DNV GL
KNOWLEDGE TO ELEVATE
One of numerous possible ways to comply with the IMO’s strategy on the reduction of greenhouse gas (GHG) emissions ...
Wednesday, 28 October 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.35 PCT - XINHUA
China Taiyuan coal transaction price index stood at 127.94 points Monday, up 0.35 percent week on week.
The index, released by China ...
Wednesday, 28 October 20
MARKET INSIGHT - INTERMODAL
The global strive towards eco-friendliness and environmental sustainability in the shipping industry is mounting. There are currently almost 200 co ...
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- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- PTC India Limited - India
- Central Java Power - Indonesia
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- ASAPP Information Group - India
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- White Energy Company Limited
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- The University of Queensland
- Uttam Galva Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
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