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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, 26 April 20
STRONGER BUNKER PRICES FAIL TO RALLY FREIGHT MARKET - FIS
VLSFO bunker prices rebounded by $22.50 to $229/mt in the port of Singapore but failed to turn around the spot freight market.
Some ...
Saturday, 25 April 20
KOREA SOUTH-EAST POWER CO. INVITED BIDS FOR 780K - 900K MT OF 5600 NCV COAL FOR JULY TO OCTOBER 2020 LOADING
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 780,000~900,000 Metric Tons (MT) s ...
Saturday, 25 April 20
SEAFARER MENTAL WELLBEING DURING THE COVID-19 PANDEMIC - STANDARD CLUB
KNOWLEDGE TO ELEVATE
COVID-19 has forced many parts of the world to enforce a lockdown in a bid to flatten the curve in terms of transmissions ...
Friday, 24 April 20
KOMIPO INVITED BIDS FOR 5700 NAR COAL FOR JUNE & JULY LOADING
COALspot.com: South Korea’s Korea Midland Power Co. Ltd. (KOMIPO) Has Issued An International Tender For 260,000 Metric Tons (MT) Steam Coal ...
Friday, 24 April 20
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remained flat during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
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- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- South Luzon Thermal Energy Corporation
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Australian Coal Association
- Chamber of Mines of South Africa
- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- Meralco Power Generation, Philippines
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- Planning Commission, India
- PTC India Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Thai Mozambique Logistica
- Videocon Industries ltd - India
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- The University of Queensland
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- Mintek Dendrill Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- The Treasury - Australian Government
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
- Sical Logistics Limited - India
- Banpu Public Company Limited - Thailand
- Global Coal Blending Company Limited - Australia
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
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