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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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Monday, 16 December 19
THE OUTLOOK FOR U.S. THERMAL COAL IS INCREASINGLY STRESSED - MOODY'S
- Slowing global economic growth, trade tensions will continue to exert influence
- Coal's secular decline will persist in 2020
...
Thursday, 12 December 19
KOWEPO INVITING BIDS FOR 2.28 MILLION TONS OF MIN.4,400 NCV COAL
COALspot.com: South Korea’s Korea Western Power Co., Ltd. (KOWEPO) has issued an international tender for total 2,280,000 tons of (Sub) Bitum ...
Wednesday, 11 December 19
PANAMAX: THE MARKET REMAINED FIRM IN THE PACIFIC, WITH INCREASED ACTIVITY NOTED IN KEY AREAS, SUCH AS INDONESIA - ALLIED
Capesize – Positive momentum was resumed this past week, with earnings mak-ing some gains once again. This rising pattern was reflected in th ...
Tuesday, 10 December 19
PREPARATIONS INTENSIFY AS IMO 2020 GLOBAL SULPHUR CAP LOOMS - STANDARD CLUB
With less than a month to go for the impending IMO 2020 global sulphur cap, the club has started witnessing dispute cases relating to the measureme ...
Monday, 09 December 19
KOREA SOUTHERN POWER CO LTD IS INVITING OFFERS FOR MIN 3700 NCV COAL
COALspot.com: South Korea’s Korea East-West Power Co. Ltd has issued an international tender for 160,000 Tons steam coal.
Acco ...
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- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Jindal Steel & Power Ltd - India
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- Planning Commission, India
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- White Energy Company Limited
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Australian Coal Association
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- Anglo American - United Kingdom
- PTC India Limited - India
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Siam City Cement - Thailand
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- Central Java Power - Indonesia
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Aditya Birla Group - India
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
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