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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, 04 June 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Thursday, 04 June 20
DON'T FORGET THE REAL PURPOSE OF RISK ASSESSMENTS - GARD
KNOWLEDGE TO ELEVATE
When doing a risk assessment, we often overcomplicate it and forget its real purpose.
Rather than ensuring that crew ...
Wednesday, 03 June 20
MARKET INSIGHT - INTERMODAL
Once again shipping is about to venture into uncharted waters and before the challenges of the past decade are forgotten, shipowners will have to o ...
Tuesday, 02 June 20
KOSPO LOOKING FOR 80000 MT OF 4200 NCV COAL FOR JULY
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 80,000 Metric Tons (MT) 4200 NCV coal for 12 - 21, July ...
Tuesday, 02 June 20
INDONESIAN COAL MINER BUMI RESOURCES Q1 OUTPUT UP 5% - REUTERS
Indonesia’s largest coal miner Bumi Resources posted a 5% increase in first-quarter output at 20.8 million tonnes, the company said in a stat ...
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- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Semirara Mining Corp, Philippines
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Petrochimia International Co. Ltd.- Taiwan
- Posco Energy - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
- Larsen & Toubro Limited - India
- Australian Coal Association
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Interocean Group of Companies - India
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- ASAPP Information Group - India
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
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