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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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Sunday, 10 September 23
CHINA AUGUST COAL IMPORTS OF 44.3 MLN T HIT RECORD - REUTERS
China, the world’s top coal consumer, imported 44.3 million metric tons of the fuel last month, customs data showed, the highest amount in an ...
Tuesday, 22 August 23
CHINA'S COAL PRODUCTION LOGS STEADY GROWTH IN JANUARY-JULY: XINHUA
China’s output of raw coal went up 3.6 percent year on year in the first seven months of this year, official data showed.
The ...
Sunday, 13 August 23
THE COMMODITIES FEED: LNG SUPPLY RISKS LINGER - ING
Energy – OPEC sees deficit over remainder of 2023
Oil prices came under some pressure yesterday with ICE Brent settling a litt ...
Wednesday, 09 August 23
COAL TRADE TO RETURN TO 2019 LEVELS - BALTIC EXCHANGE
The International Energy Agency’s mid-year Coal Market Update for 2023 brings both positive and concerning news for the global coal industry. ...
Sunday, 23 July 23
ANALYSIS-INDIA'S COAL MINING BET STUMBLES AS WARY BANKS WEIGH RISING RISKS - REUTERS
India’s drive to ramp up coal output to meet growing energy demand is faltering due to banks’ reluctance to finance newly auctioned min ...
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- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
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- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Central Electricity Authority - India
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- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- Africa Commodities Group - South Africa
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- The University of Queensland
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- Directorate General of MIneral and Coal - Indonesia
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- GVK Power & Infra Limited - India
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
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