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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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Wednesday, 24 July 19
COAL'S DEMISE QUICKENS IN EUROPE AS MARKET SHIFT IDLES PLANTS - BLOOMBERG
Commodity markets are stripping away the case for coal in Europe, moving quicker than government efforts to close the most polluting power plants.
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Monday, 22 July 19
SUPRAMAX: THE ASIAN ARENA SAW INCREASED ACTIVITY AND STRONGER NUMBERS BEING CONCLUDED; INDONESIAN ROUNDS REMAINED FIRM - BALTIC BRIEFING
Capesize
Another week of gains as the Atlantic basin continues to be pressurised on tonnage and Brazilian cargoes keep up a steady flow. The Ca ...
Thursday, 18 July 19
WORLD TRADE IN HARD COAL ROSE BY 4.7% IN 2018 - GERMANY COAL IMPORTERS ASSOCIATION
World Trade in Hard Coal Rose by 4.7% in 2018
Hard Coal Can Prevent Stress in the Electric Power System in Germany
• Sharp decl ...
Wednesday, 17 July 19
MARKET INSIGHT - INTERMODAL
The Strait of Hormuz is one of the most important waterways in the world, connecting crude producers in the Middle East with key markets in the res ...
Tuesday, 16 July 19
KING COAL RULES IN JAPAN AS POWER UTILITIES IN THRALL TO LOW-COST FUEL - REUTERS
Japanese utilities will rely on the return of coal-fired power plants from maintenance to meet peak electricity demand this summer, highlighting th ...
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- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Bhatia International Limited - India
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
- Deloitte Consulting - India
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- Coastal Gujarat Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Minerals Council of Australia
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Romanian Commodities Exchange
- The Treasury - Australian Government
- White Energy Company Limited
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
- Vijayanagar Sugar Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- CNBM International Corporation - China
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Baramulti Group, Indonesia
- Coal and Oil Company - UAE
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
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