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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, 16 April 20
CHINA'S BENCHMARK POWER COAL PRICE FALLS 5 YUAN PER TONNE - XINHUA
China’s benchmark power coal price fell by 5 yuan (about 70 U.S. cents) per tonne during the past week.
The Bohai-Rim Steam-Co ...
Thursday, 16 April 20
MARKET INSIGHT - INTERMODAL
As everyone anticipated the results of the OPEC + G20 meeting last week, it was very interesting to watch the reaction of tanker rates that were in ...
Monday, 13 April 20
SUPRAMAX: A 56,000DWT SHIP WAS FIXED DELIVERY PARADIP, REDELIVERY CHINA, AT $4,700 - BALTIC BRIEFING
Capesize
The Capesize market this past week looks to have come off life support and found some improved sentiment. The week began rather ordina ...
Saturday, 11 April 20
FAQ: COVID-19 AND CLUB COVER - UK P&I
KNOWLEDGE TO ELEVATE
The Coronavirus (COVID-19) pandemic has generated a significant number of enquiries and questions from Members in recent ...
Saturday, 11 April 20
KOEN POWER PLANTS INVITED BIDS FOR 1.5 -1.62 MMT OF STEAM COAL
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 1,500,000-1,620,000 Metric Tons (M ...
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- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- The Treasury - Australian Government
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- CNBM International Corporation - China
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
- Salva Resources Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- Australian Coal Association
- MS Steel International - UAE
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- Ind-Barath Power Infra Limited - India
- Semirara Mining Corp, Philippines
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Borneo Indobara - Indonesia
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