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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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Tuesday, 27 November 18
PANAMAX AND SUPRAMAX INDICES WITNESSED A DECLINE OF JUST BELOW 14% IN THEIR MEAN ON A MONTH-ON-MONTH COMPARISON - ALLIED SHIPPING
A month of sharp corrections and great asymmetries for the dry bulk sector, with the overall overview of the market shipping rapidly from a state o ...
Monday, 26 November 18
SUPRAMAX: THE ASIAN MARKET STALLED THIS WEEK WITH A BUILD-UP OF TONNAGE - BALTIC BRIEFING
Capesize
It was a positive end to the week, with West Australia/China making significant gains and firing owners’ resolve. There was talk ...
Friday, 23 November 18
GOLDEN ENERGY'S POTENTIAL ACQUISITION OF STANMORE CREDIT POSITIVE - FITCH RATINGS
Golden Energy and Resources Limited's (GEAR, B+/Positive) potential acquisition of Stanmore Coal will help the company diversify its coal opera ...
Friday, 23 November 18
ASSOCIATION CALLS FOR REVISION OF DMO SCHEME FOR COAL - JP
The Indonesian Coal Mining Association (APBI) has called on the government to revise the domestic market obligation (DMO) scheme for coal, which re ...
Friday, 23 November 18
INDONESIA'S REVENUES FROM MINERAL AND COAL INCREASE TO US$ 2.858 BILLION - ANTARA
Indonesia`s non-tax state revenues from the mineral and coal sub-sector reached Rp 41.77 trillion (approximately US$ 2.858 Billion) as of Nov 16, 2 ...
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- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indogreen Group - Indonesia
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Intertek Mineral Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- Bukit Makmur.PT - Indonesia
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Petron Corporation, Philippines
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- The University of Queensland
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Star Paper Mills Limited - India
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Kepco SPC Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- PTC India Limited - India
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
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