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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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Tuesday, 04 February 20
CAPE: THE AVERAGE EARNINGS PER DAY FELL BENEATH THE USD 4,000, A LEVEL CONSIDERABLY BELOW EVEN THE MOST CONSERVATIVE OPEX LEVELS - ALLIED
The recent slump in the dry bulk freight market may well have been expected to some degree, but despite this the shock was still overwhelming when ...
Monday, 03 February 20
KOWEPO INVITING BIDS FOR 2.46 MILLION TONS OF MIN.5700 AND MIN.5600 NCV COAL
COALspot.com: South Korea’s Korea Western Power Co., Ltd. (KOWEPO) has issued an international tender for total 2,460,000 tons of (Sub) Bitum ...
Sunday, 02 February 20
NOVEL CORONAVIRUS OUTBREAK IN CHINA - STANDARD CLUB
Members will be aware of the recent novel coronavirus outbreak in China, which has now been declared a global emergency by the World Health Organis ...
Sunday, 02 February 20
SUPRAMAX: A 52,000DWT SHIP WAS FIXED BASIS DELIVERY SOUTH KALIMANTAN TRIP TO INDIA, AT $6,000 - BALTIC BRIEFING
Capesize
The week proved conspicuous for all the wrong reasons. This was the week when the Baltic Capesize Index (BCI) turned negative, closing ...
Saturday, 01 February 20
50 MILLION PEOPLE QUARANTINED IN CHINA TO CONTAIN SPREAD OF CORONAVIRUS - HOW DOES IT AFFECT SHIPPING? - BIMCO
The outbreak of the novel coronavirus, declared a global health emergency by the WHO, has caused massive uncertainty across the global markets with ...
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- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- CNBM International Corporation - China
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- PTC India Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- Global Green Power PLC Corporation, Philippines
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- ICICI Bank Limited - India
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Timah Investasi Mineral - Indoneisa
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
- Parry Sugars Refinery, India
- Planning Commission, India
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Riau Bara Harum - Indonesia
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
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- Petron Corporation, Philippines
- Mjunction Services Limited - India
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- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
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