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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, 07 May 18
BENCHMARK PRICE OF INDONESIAN THERMAL COAL DROPPED BACK BELOW $90 A TON THIS MONTH
COALspot.com: According to latest ministerial decree No. 1812 K/30/MEM/2018 dated 3 May 2018, the Indonesian Coal Price Reference (HBA) decline 5.5 ...
Monday, 07 May 18
SOUTH KOREA STATE-OWNED UTILITY KOREA MIDLAND POWER ISSUED A TENDER FOR 1 MILLION TONS OF BITUMINOUS COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for 520,000 mt of min. 5700 NAR coal of Australian origi ...
Monday, 07 May 18
GLOBAL COAL DEMAND ROSE ABOUT 1% IN 2017; ASIA ACCOUNTED FOR THE LARGEST INCREASE IN COAL DEMAND, UP 35 MTOE RELATIVE TO 2016 - IEA
Global coal demand rose about 1% in 2017, reversing the declining trend seen over the last two years. This growth was mainly due to demand in Asia, ...
Friday, 04 May 18
ELECTRICITY GENERATION FROM RENEWABLES WAS SECOND ONLY TO COAL IN 2017 - IEA
World electricity demand increased by 3.1 %, significantly higher than the overall increase in energy demand. Together, China and India accounted f ...
Thursday, 03 May 18
SUPRAMAX: INDO - CHINA COAL ROUNDS ARE PAYING IN THE LOW-MID $12000 BSS SINGAPORE DELIVERY - FEARNLEYS
Supramax
As expected a slow and uneventful start to the week with holidays in many countries, however by mid-week some fresh requirements and pos ...
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Showing 1726 to 1730 news of total 6871 |
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- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Lanco Infratech Ltd - India
- Semirara Mining Corp, Philippines
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- Mercator Lines Limited - India
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- The University of Queensland
- Cement Manufacturers Association - India
- The Treasury - Australian Government
- Directorate Of Revenue Intelligence - India
- Pipit Mutiara Jaya. PT, Indonesia
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- Sojitz Corporation - Japan
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- India Bulls Power Limited - India
- Bhatia International Limited - India
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- Madhucon Powers Ltd - India
- Bayan Resources Tbk. - Indonesia
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
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