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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, 19 October 22
WHAT WILL THE GAS MARKET LOOK LIKE IN A NET ZERO WORLD? - WOOD MACKENZIE
The global gas and LNG market faces a number of ‘great unknowns’. With the market in turmoil uncertainty abounds – from the scale ...
Wednesday, 19 October 22
MARKET INSIGHT - INTERMODAL
The LNG market remains extremely tight, and as a result adding further pressure on the vessel charter market, which is already stretched due to the ...
Sunday, 16 October 22
COULD A RETURN TO SHALE EXPLORATION BE PART OF THE SOLUTION TO EUROPE'S GAS SUPPLY PROBLEM? - WOOD MACKENZIE
The European gas market is in turmoil. Russia’s invasion of Ukraine has shaken things up, triggering a complete rethink of European energy st ...
Thursday, 13 October 22
THERMAL COAL PRICES RETREAT AS WINTER SUPPLY FEARS EASE - REUTERS
The prices of key thermal seaborne coal grades are retreating amid signs that supplies will be sufficient to meet winter demand in both Europe and ...
Thursday, 13 October 22
SPOT COAL BIDDING: CHINESE FIRM WANTS REVISED MECHANISM - BUSINESS RECORDER
Chinese company M/s Huaneng Shandong Ruyi (Pakistan) Energy Limited (HSR) has cautioned National Electric Power Regulatory Authority (Nepra) that i ...
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- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- CNBM International Corporation - China
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- International Coal Ventures Pvt Ltd - India
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Tata Chemicals Ltd - India
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Coal Council - USA
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- Economic Council, Georgia
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- The University of Queensland
- GVK Power & Infra Limited - India
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
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