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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, 17 April 19
ONCE AGAIN WE FACED WITH THE SITUATION OF THE DRY BALTIC INDEX BEING BELOW 1,000 POINTS - INTERMODAL
Once again we are faced with the situation of the Dry Baltic Index being below 1,000 points. In a market where the feeling of insecurity is almost ...
Wednesday, 17 April 19
LNG WESTERN AFRICA CONFERENCE 2019
The only LNG Focus Platform to Accelerate Investment and Cooperation in Western African Countries
LNG Western Africa Conference 2019 ...
Saturday, 13 April 19
IMO 2020 - DON'T SCRUB IT! - IVAR MYKLEBUST
KNOWLEDGE TO ELEVATE
Höegh Autoliners stands firm on its decision not to implement scrubbers but comply with the IMO 2020 regulations by ...
Saturday, 13 April 19
CAPESIZE: WEST AUSTRALIA TO CHINA IRON ORE CARGOES LIFTING FROM $4.60 PMT TO ABOVE $5.00 - BALTIC BRIEFING
Capesize
The market saw a steep ascent from the depths of last week. The Baltic Capesize Index (BCI) 5TC opened on Monday at $5,099, although b ...
Friday, 12 April 19
OIL MARKET REPORT: MIXED SIGNALS - IEA
The huge increase in oil production we saw in 2H18 has reversed following the implementation of the new Vienna Agreement and the increasing effecti ...
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- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Indian Energy Exchange, India
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pendopo Energi Batubara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Planning Commission, India
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
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