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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, 29 January 19
HARD COAL BEARS THE BRUNT OF THE RECOMMENDATIONS OF THE COMMISSION GROWTH STRUCTURAL CHANGE AND EMPLOYMENT - VDKI
Press Release: Hard coal bears the brunt of the recommendations of the Commission Growth Structural change and employment.
In its fi ...
Tuesday, 29 January 19
CHINA HAS BEEN THE TOP DRIVER OF GLOBAL GROWTH FOR NEARLY TWO DECADES - ALLIED
China has been the top driver of global growth for nearly two decades now, pushing demand for seaborne trade and being the key influencer for deman ...
Saturday, 26 January 19
SUPRAMAX: NICKEL ORE RUNS SAW A 56K DWT VESSEL, DELIVERY PHILIPPINES, FIXED FOR A TRIP TO CHINA AT $6K - BALTIC BRIEFING
Capesize
A week of dashed hopes for owners as the optimism evident the previous week evaporated. Rates slipped on all routes and underlying thr ...
Thursday, 24 January 19
ANOTHER DISAPPOINTING WEEK FOR PANAMAX OWNERS; MARKET CONTINUES DOWN IN BOTH BASINS - FEARNLEYS
Capesize
The week has been marked by low activity and dropping rates in both basins. As usual, supply additions have increased at the beginning ...
Thursday, 24 January 19
KOREA SOUTHERN POWER INVITED BIDS FOR 960K MT OF 4600 NCV COAL FOR THREE YEARS
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 320,000 MT of min 4,600 kcal/kg NCV low calo ...
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- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- The Treasury - Australian Government
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Australian Commodity Traders Exchange
- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Uttam Galva Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- Planning Commission, India
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- Ministry of Transport, Egypt
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- Riau Bara Harum - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Minerals Council of Australia
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
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