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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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Thursday, 10 September 20
U.S. COAL PRODUCTION IN 2020 TO BE 511 MMST, 28 PER CENT LOWER THAN IN 2019 - EIA
EIA expects total U.S. coal production in 2020 to be 511 million short tons (MMst), 194 MMst (28%) lower than in 2019. Mitigation efforts related t ...
Thursday, 10 September 20
DRY BULK SHIPPING: CHINA'S DEMAND KEEPING THE DRY BULK MARKET GOING - PETER SAND | BIMCO
Overview
An impressive recovery in Chinese dry bulk imports has protected the industry from the effects of falling demand in the rest of the wo ...
Thursday, 10 September 20
TANKER SHIPPING: FREIGHT RATES BACK AT LOSS-MAKING LEVELS AFTER 12 VERY PROFITABLE MONTHS - BIMCO
Overview
A stunningly strong 12 months for the tanker shipping industry is now being replaced by lower freight rates, as lower oil product ...
Thursday, 10 September 20
INDIA'S COAL IMPORTS STUMBLE IN AUGUST, RAISING RISK OF SLOW RECOVERY - REFINITIV | BANCHERO COSTA
After posting a mild recovery in July, India's coal imports have stumbled in August as the South Asian nation battles to restart it ...
Thursday, 10 September 20
THE FIRST 8 MONTHS OF 2020, INDONESIA EXPORTED 217.4 MLN TONNES OF COAL BASED ON REFINITIV - BANCHERO COSTA
The coal market has been hit by a weaker global economy as a result of COVID-19 pandemic and falling industrial electricity demand ...
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- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Eastern Coal Council - USA
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- VISA Power Limited - India
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Heidelberg Cement - Germany
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Indian Oil Corporation Limited
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