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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, 08 January 23
ELEVATED COAL PRICE A DRAG ON MARGINS OF DOMESTIC BASE METAL PLAYERS: ICRA
The increased price of coal continue to be a drag on the margin of domestic base metal players with no immediate relief in sight, rating agency ICR ...
Monday, 02 January 23
CHINA’S COAL CONSUMPTION TO PEAK BY 2035: REPORT - REUTERS
China’s primary energy consumption is likely to peak at nearly 6.03 billion tonnes of standard coal between 2030 and 2035, refining giant Chi ...
Thursday, 29 December 22
INDIA'S COAL DEMAND LIKELY TO PEAK BETWEEN 2030-2035: MINISTER - ANI
The demand for coal in India will continue and is likely to peak between 2030-2035, Union Minister of Coal, Mines, and Parliamentary Affairs Pralha ...
Thursday, 29 December 22
RIO TINTO AND PARTNERS COULD RECEIVE AS MUCH AS $450M IN GOVERNMENT COMPENSATION FOR COAL PRICE CAP - THE GUARDIAN
Compensation payments for the Gladstone power plant remain the sticking point in the federal government’s coal price cap compensation negotia ...
Wednesday, 28 December 22
MARKET INSIGHT - INTERMODAL
The United Nations Conference on Trade and Development (UNCTAD) published a Global Trade Update on December 13th highlighting that global trade wou ...
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- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- Singapore Mercantile Exchange
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Parliament of New Zealand
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Xindia Steels Limited - India
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- Deloitte Consulting - India
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Marubeni Corporation - India
- The University of Queensland
- Planning Commission, India
- Aditya Birla Group - India
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- PTC India Limited - India
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
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