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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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Sunday, 30 December 18
MAJOR LNG BUYERS' UNCONTRACTED DEMAND TO QUADRUPLE BY 2030 - WOOD MACKENZIE
Wood Mackenzie’s latest research reveals that uncontracted demand by the world’s seven largest LNG buyers could quadruple to 80 million ...
Saturday, 29 December 18
DELIVERY OF CARGO WITHOUT PRODUCTION OF THE ORIGINAL BILL OF LADING - TT CLUB
KNOWLEDGE TO ELEVATE
As the bill of lading is a document of title, a person presenting it to the carrier or its agent is ostensibly entitled t ...
Friday, 28 December 18
BIMCO 2020 SULPHUR CLAUSES: "A FAIR ALLOCATION OF RESPONSIBILITIES AND LIABILITIES'? - INCE & CO.
To assist owners and charterers to address the legal issues arising under any time charterparties, which will span the 1 January 2020 implementatio ...
Thursday, 27 December 18
DRY BULKERS SPOT FREIGHT MARKET W/E 21 DEC - ALLIED SHIPBROKING
Capesize
A negative week for the Capesize sector, as activity remained at low levels, especially in the Pacific, with rumors regarding agreed r ...
Thursday, 27 December 18
SHIPPING IS ENTERING A NEW ERA OF EVER CHALLENGING CONDITIONS - ALLIED
As we move closer to the end of the year and we look forward into New Year, we are still finding ourselves looking deep into a market outlook full ...
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Showing 1511 to 1515 news of total 6871 |
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- GN Power Mariveles Coal Plant, Philippines
- Meralco Power Generation, Philippines
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- The University of Queensland
- Ministry of Mines - Canada
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- Banpu Public Company Limited - Thailand
- Marubeni Corporation - India
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- Planning Commission, India
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Parliament of New Zealand
- Mercator Lines Limited - India
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- Jaiprakash Power Ventures ltd
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
- Orica Australia Pty. Ltd.
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
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