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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, 18 May 20
TAKING ADVANTAGE OF VIRUS DISTRACTION - BALTIC EXCHANGE
As the industry grapples to deal with exceptional Covid-19-related challenges, a deeper threat is coming to the fore. At this time of crisis, more ...
Monday, 18 May 20
THERMAL COAL SPOT PRICE TUMBLES 25 PER CENT, PUTTING PRESSURE ON SOME PRODUCERS - ABC RURAL
The spot price for thermal coal has fallen 25 per cent per cent in the past month with one leading analyst saying it is because of a reduction in d ...
Monday, 18 May 20
CHINA'S COAL OUTPUT UP 1.3 PCT IN JANUARY-APRIL: XINHUA
Output of raw coal in China rose 1.3 percent year on year to 1.15 billion tonnes in the first four months this year, official data showed.
&nbs ...
Sunday, 17 May 20
A 55,000 OPEN ILIGAN FIXING AT $6,500 VIA INDONESIA REDELIVERY INDIA - BALTIC BRIEFING
Capesize
A precipitous fall in the market this week had the Capesize 5TC shedding over 50 per cent in value. A small rebound at the end of the ...
Friday, 15 May 20
CHINA'S COAL CONSUMPTION TO FALL Y/Y IN SECOND QUARTER, IMPROVEMENT EXPECTED IN SECOND HALF - INDUSTRY BODY: REUTERS
China’s coal consumption is expected to decline in the second quarter from a year earlier, but will see an improvement in the second half of ...
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- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- Australian Commodity Traders Exchange
- Australian Coal Association
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- The University of Queensland
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Simpson Spence & Young - Indonesia
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Xindia Steels Limited - India
- Planning Commission, India
- Aditya Birla Group - India
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Parliament of New Zealand
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
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