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