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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, 17 September 19
THE DRY BULK FREIGHT MARKET IS ALREADY ON A DOWNWARD CORRECTION - ALLIED
Here we are again, just a breath before the final quarter of the year. Under typical circumstances and on the basis of what we have seen during the ...
Monday, 16 September 19
COLOMBIAN COAL PRODUCTION TO FALL 5% THIS YEAR, MINING GROUP SAYS - REUTERS
Colombia’s coal production will decline to around 80 million tonnes in 2019, nearly 5% below last year’s, because of low prices and dro ...
Monday, 16 September 19
THE COAL-D SHOULDER? - BALTIC EXCHANGE
Good fortune and the number 13 don’t usually go hand in hand, but when it comes to coal, 2013 actually seems to have been the commodity&rsquo ...
Monday, 16 September 19
SCRUBBERS AND FUEL PROFIT SHARE CLAUSES - CLYDE&CO
From 1 January 2020, Regulation 14 of MARPOL Annex VI provides that the sulphur content in fuel oil used on board ships shall be reduced from a max ...
Monday, 16 September 19
KOREA SOUTH-EAST POWER INVITES BIDS FOR MAX 1,290,000 METRIC TONS OF STEAMING COAL
COALspot.com: South Korea’s Korea East-West Power Co. Ltd has issued an international tender for total 1,290,000 Metric Tons steam coal.
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- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- PTC India Limited - India
- Madhucon Powers Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- The University of Queensland
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- Minerals Council of Australia
- Medco Energi Mining Internasional
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Standard Chartered Bank - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Anglo American - United Kingdom
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
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