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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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Sunday, 26 February 23
MAWANI AND JEDDAH CHAMBER SIGN AN AGREEMENT TO BUILD INTEGRATED LOGISTICS PARK
Press Release: The Saudi Ports Authority (Mawani) and Jeddah Chamber of Commerce and Industry have today inked an agreement to set up an integrated ...
Saturday, 25 February 23
INDONESIA IS STILL BY FAR THE TOP SUPPLIER OF COAL TO CHINA - BANCHERO COSTA
After a slow start in the first quarter, global coal trade has really picked up pace last year, and is now fully back to pre-Covid levels, said ban ...
Wednesday, 22 February 23
MARKET INSIGHT - INTERMODAL
The short-term outlook of the global soybean market is currently pivoted by a combination of weather patterns that are affecting the harvest progre ...
Saturday, 18 February 23
OIL UNLIKELY TO BREAK ABOVE $100/BBL THIS YEAR, J.P.MORGAN SAYS –- REUTERS
Brent oil prices are unlikely to breach the $100 a barrel level this year, barring any significant geopolitical drivers, with OPEC+ potentially add ...
Saturday, 18 February 23
CHINA'S COAL PRICES FALL TO 1 YR-LOW, CLOUDING DEMAND AND IMPORT OUTLOOK - REUTERS
China’s thermal coal prices hit their lowest levels in a year this week on rising inventories as domestic mine production is recovering faste ...
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- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chettinad Cement Corporation Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- Central Electricity Authority - India
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- Port Waratah Coal Services - Australia
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- PTC India Limited - India
- Petron Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- White Energy Company Limited
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Sical Logistics Limited - India
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- VISA Power Limited - India
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
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