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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 $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
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Friday, 04 November 22
CHINA EXPANDS COAL TERM CONTRACTS TO ALL MINES TO STABILIZE MARKET - REUTERS
China has expanded long-term thermal coal supply contracts for 2023 to all coal mines and asked power utilities to source more of their demand thro ...
Thursday, 03 November 22
HANDYSIZE VALUES MOVING UP IN OCTOBER, WHILE LNG VALUES SKYROCKET - VESSELSVALUE
Handysize values have increased this month across most ages, following a period of decline. Values for generic 10 year old Handysizes have moved up ...
Thursday, 03 November 22
EUROPEAN GAS SUPPLY SURPLUS, NOVEMBER HBA DOWN TO US$ 308.2 PER TON - ESDM
European gas supply conditions have a major influence in determining fluctuations in the Reference Coal Price (HBA). The November 2022 HBA recorded ...
Wednesday, 02 November 22
MARKET INSIGHT - INTERMODAL
Only five weeks before western sanctions’ full effect, uncertainty over energy has markets and governments on the edge. What was initially th ...
Tuesday, 01 November 22
CHINA COAL TRADE DISRUPTED BY COVID OUTBREAKS AS WINTER LOOMS - REUTERS
China’s strict COVID-19 policy is constraining coal supplies and pushing up prices, industry officials and traders say, just weeks before the ...
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- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Malabar Cements Ltd - India
- The University of Queensland
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- India Bulls Power Limited - India
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Samtan Co., Ltd - South Korea
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Planning Commission, India
- Mintek Dendrill Indonesia
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
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- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- Indika Energy - Indonesia
- Minerals Council of Australia
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- The Treasury - Australian Government
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
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- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
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- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
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- Therma Luzon, Inc, Philippines
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