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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, 14 May 20
OPEC REVISES DOWN GLOBAL OIL DEMAND FORECAST AGAIN
Crude Oil Price Movements
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Thursday, 14 May 20
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Wednesday, 13 May 20
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Tuesday, 12 May 20
IN THE FIRST 4 MONTHS OF 2020, SOUTH KOREA IMPORTED 46.6 MLN TONNES OF CRUDE OIL BY SEA, A NET DECLINE OF 14.1% YOY - BC
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Tuesday, 12 May 20
OIL MARKET TURBULENCE PIVOTS FOCUS ON FLOATING STORAGE TECHNICAL NEEDS - LLOYD'S REGISTER
KNOWLEDGE TO ELEVATE
Negative oil prices and off-the-scale volatility in crude markets are positive for floating storage, as the next chapter ...
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- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Marubeni Corporation - India
- PTC India Limited - India
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Goldman Sachs - Singapore
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Bukit Asam (Persero) Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
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