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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, 02 December 19
OPEC PREPS FOR OIL'S 2020 BALANCING ACT - WOOD MACKENZIE
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5TH EAST & SOUTHERN AFRICA GAS & LNG CONFERENCE 2020
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Monday, 02 December 19
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Sunday, 01 December 19
6TH CENTRAL & EASTERN EUROPE NUCLEAR INDUSTRY CONGRESS 2020
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Overview
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- Dalmia Cement Bharat India
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- Eastern Coal Council - USA
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- Planning Commission, India
- Jorong Barutama Greston.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- London Commodity Brokers - England
- Minerals Council of Australia
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Meenaskhi Energy Private Limited - India
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- Wilmar Investment Holdings
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