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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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Monday, 17 September 18
GLENCORE RETURNS TO JAPAN COAL TALKS SCUPPERED BY HIGH PRICES - BLOOMBERG
Mining giant Glencore Plc and Japanese utilities have resumed thermal coal supply negotiations, restarting talks that fell apart earlier this year ...
Monday, 17 September 18
SMALL PERCENTAGE OF THE WORLD FLEET WILL FIT SCRUBBERS - FORECASTS : METTE KRONHOLM FRAENDE
In recent months, there have been numerous reports of a strong pick-up in demand for scrubbers. On 1 January 2020, however, the number of ships fit ...
Saturday, 15 September 18
POWERING SUSTAINABLE DEVELOPMENT WITH LOW EMISSION COAL TECHNOLOGIES - WCA
In its 5th Strategic Energy Plan this year (2018), the Japanese Cabinet recognised coal as an important energy resource, necessary for the country& ...
Friday, 14 September 18
10 YEARS ON FROM LEHMAN, HOW IS SHIPPING'S "HANGOVER"? - CLARKSONS RESEARCH
On 15th September 2008, the collapse of Lehman Brothers crystallised the financial crisis and the onset the worst economic downturn for a century. ...
Thursday, 13 September 18
OPEC SEES SLOWER 2019 OIL DEMAND GROWTH, WARNS ON ECONOMY
Crude Oil Price Movements
In August, the OPEC Reference Basket declined by $1.01 m-o-m, settling at $72.26/b. Crude oil futures were also down ...
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Showing 1616 to 1620 news of total 6871 |
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- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- AsiaOL BioFuels Corp., Philippines
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ind-Barath Power Infra Limited - India
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- The University of Queensland
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- White Energy Company Limited
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- PTC India Limited - India
- Anglo American - United Kingdom
- Sical Logistics Limited - India
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Eastern Energy - Thailand
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Sarangani Energy Corporation, Philippines
- Wood Mackenzie - Singapore
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Economic Council, Georgia
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- Planning Commission, India
- Kohat Cement Company Ltd. - Pakistan
- Jindal Steel & Power Ltd - India
- Oldendorff Carriers - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- SN Aboitiz Power Inc, Philippines
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- Cigading International Bulk Terminal - Indonesia
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