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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, 16 April 23
CHINA JUGGLES FOUR MAJOR ECONOMIC CHANGES IN 2023 - WOOD MACKENZIE
Change is afoot in China. Economic growth is slowing, while rising political tensions between China and the US, coupled with global supply chain re ...
Sunday, 16 April 23
CHINA'S MARCH COAL IMPORTS JUMP TO 3-YEAR HIGH - REUTERS
China’s coal imports surged in March to their highest in any month over the past three years as utilities increased purchases on expectations ...
Sunday, 16 April 23
OPEC KEEPS WORLD OIL DEMAND GROWTH OUTLOOK UNCHANGED
The OPEC Reference Basket (ORB) declined in March by $3.43, or 4.2%, m-o-m to average $78.45/b. The ICE Brent first-month contract fell by $4.33, o ...
Sunday, 16 April 23
CHEAPER SPOT LNG PRICES TEMPT SOME ASIAN BUYERS AMID SUPPLY GAINS - REUTERS
Cheaper spot prices for liquefied natural gas (LNG) are luring price-sensitive buyers back in Asia, with China and India recording rising imports i ...
Tuesday, 11 April 23
COAL USE CLIMBS WORLDWIDE DESPITE PROMISES TO SLASH IT - AAP
The burning of coal for electricity, cement, steel and other uses went up in 2022 despite global promises to phase down the fuel that is the bigges ...
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- Mjunction Services Limited - India
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Sakthi Sugars Limited - India
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- ASAPP Information Group - India
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- Siam City Cement PLC, Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- New Zealand Coal & Carbon
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- India Bulls Power Limited - India
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Australian Coal Association
- Central Java Power - Indonesia
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- Latin American Coal - Colombia
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
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