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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, 27 August 20
BANGLADESH POWER MINISTRY SEEKING AUTHORITY TO CANCEL 13,000 MW OF PROPOSED COAL-FIRED CAPACITY - BUSINESS STANDARD
In a bid to move away from dirty energy, the Ministry of Power, Energy and Mineral Resources is seeking the prime minister’s approval to conv ...
Wednesday, 26 August 20
ASIAN COAL PRICES LIKELY TO REMAIN DEPRESSED SAY TRADERS, ANALYSTS - REUTERS
Asian coal prices, which have fallen around 25% this year as power demand slumped due to the coronavirus outbreak, are unlikely to move higher befo ...
Wednesday, 26 August 20
WORLD COAL EXPORTS: INDONESIAN THERMAL COAL EXPORTS HAVE COME UNDER PRESSURE AS THERMAL COAL PRICES WEAKEN - REPORT
Indonesia’s exports to decline sharply from record highs
Indonesia is the world’s largest thermal coal exporter, sellin ...
Wednesday, 26 August 20
JAPAN'S COAL IMPORTS ARE BEING AFFECTED BY COMPETING INFLUENCES - REPORT
Japan is the world’s third largest thermal coal importer, importing an estimated 135 million tonnes of thermal coal in 2019. The country&rsqu ...
Wednesday, 26 August 20
PENDING SOUTH KOREA LEGISLATION COULD FORCE HALT TO COUNTRY’S COAL PLANT EXPORT DEALS - KOREA ECONOMIC DAILY
South Korea’s parliament looks set to pass new legislation to ban financing on foreign coal power projects, putting all overseas coal-fired p ...
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- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- PNOC Exploration Corporation - Philippines
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Australian Coal Association
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- PTC India Limited - India
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- Planning Commission, India
- White Energy Company Limited
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Barasentosa Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
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