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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, 23 September 19
CHINA RECORDS SLOWER GROWTH IN COAL PRODUCTION - XINHUA
The growth of China’s raw coal production slowed down in August, data from the National Bureau of Statistics (NBS) showed.
Aro ...
Friday, 20 September 19
INDIA TO INVITE BIDS FOR COMMERCIAL COAL MINING IN DECEMBER - MINISTER FOR COAL
India aims to begin the process of holding the first round of commercial coal mining auctions December end, Minister for Coal, Mines and Parliament ...
Friday, 20 September 19
INDIA: ECONOMIC SLOWDOWN IMPACTS COAL IMPORT CARGO IN H1 FY20 - PTI
Economic slowdown has impacted coal import cargo in the first half of this fiscal, as overall cargo growth at major ports registered a marginal gro ...
Wednesday, 18 September 19
SHIPPING MARKET INSIGHT - INTERMODAL
During the first week of September, I had the privilege of attending the Donsö Shipping Meet 2019, in Donsö, a small island of around 1,& ...
Tuesday, 17 September 19
PANAMA SHIP REGISTRY MODERNIZES SHIP REGISTRATION
The Panama Ship Registry has announced it will integrate in a single platform “Electronic Ship Registration System (ESRS)” the present ...
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- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- White Energy Company Limited
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- Independent Power Producers Association of India
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- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Madhucon Powers Ltd - India
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
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- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Mjunction Services Limited - India
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- The Treasury - Australian Government
- Coal and Oil Company - UAE
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Vijayanagar Sugar Pvt Ltd - India
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- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
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