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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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Wednesday, 25 July 18
TANKER MARKET INSIGHT - DIMITRIS KOURTESIS
We are now into the second half of 2018, which so far has not been a fruitful year for tankers. With 2020 quickly approaching we need to consider t ...
Tuesday, 24 July 18
TANKER MARKET : IN TERMS OF TRADE, THE STEPS THAT WERE SLOWLY BEING TAKEN BY OPEC AND RUSSIA - GEORGE LAZARIDIS
Despite the fact that the tanker market still seems to be in the midst of a perfect storm, there are still strong indicators that better sailing da ...
Thursday, 19 July 18
VINACOMIN PRODUCES OVER 20 MLN TONNES OF RAW COAL FROM YEAR'S START - VNA
The Vietnam National Coal and Mineral Industries Group (Vinacomin) has produced over 20 million tonnes of raw coal and 19.3 million of clean coal f ...
Wednesday, 18 July 18
INDONESIA TO AUCTION 16 MINING SITES - JP
Indonesia will soon auction 16 mining sites as no proposal submissions have been submitted by state-owned enterprises (BUMN) and regional administr ...
Wednesday, 18 July 18
SHIPPING MARKET INSIGHT - VASILIS MOIRIS
The new regulations for Chinese flag restricting import of Tier I ships have dominated market sentiment during the past days as buyers have been tr ...
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- GAC Shipping (India) Pvt Ltd
- Bhatia International Limited - India
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- Videocon Industries ltd - India
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- PowerSource Philippines DevCo
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- The University of Queensland
- Power Finance Corporation Ltd., India
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- London Commodity Brokers - England
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- Australian Coal Association
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
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