We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
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 ...
|
|
|
Showing 1511 to 1515 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Medco Energi Mining Internasional
- ASAPP Information Group - India
- MS Steel International - UAE
- AsiaOL BioFuels Corp., Philippines
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
- Orica Australia Pty. Ltd.
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Mercator Lines Limited - India
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- PTC India Limited - India
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- Latin American Coal - Colombia
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Minerals Council of Australia
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PowerSource Philippines DevCo
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
|
| |
| |
|
