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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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Friday, 28 June 24
INDIAN POWER STATIONS STOCKED WITH BUMPER COAL SUPPLY AS TRANSPORT WOES EASE - BUSINESS STANDARD
Even as power demand has touched a historic high of 250 gigawatts (Gw) amid sweltering heat this June, India’s power stations are stocked wit ...
Friday, 28 June 24
INDIA'S CY23 COAL USE LARGER THAN NORTH AMERICA, EUROPE COMBINED - THE HINDU
For the first time, India’s coal consumption surpassed that of North America and Europe combined in the calendar year 2023, said Energy Insti ...
Monday, 24 June 24
PLN'S FINANCIAL SUSTAINABILITY RESTS ON ACCELERATED COAL RETIREMENT AND RENEWABLES DEPLOYMENT - MUTYA YUSTIKA
On 28 May 2024, Indonesia’s national electricity utility, PT Perusahaan Listrik Negara (PLN), released its financial report for 2023. Althoug ...
Monday, 24 June 24
INDIA'S COAL-BASED POWER DEMAND AT ALL-TIME HIGH, GOVERNMENT SAYS - REUTERS
India’s demand for coal-based power has risen by 7.3% this fiscal year to an all-time high, the government said in a statement on Wednesday.
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Monday, 24 June 24
CHINA'S COAL INDUSTRY TURNS GREENER THROUGH INNOVATIVE APPROACHES - PEOPLE'S DAILY
At an opencast mine operated by Inner Mongolia Pingzhuang Coal Group Co. Ltd., a subsidiary of CHN Energy Investment Group (CHN Energy), a 14-meter ...
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- Anglo American - United Kingdom
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- The University of Queensland
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Kaltim Prima Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
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