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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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Thursday, 26 January 23
AUSTRALIA'S CORONADO GLOBAL SEES COAL PRICES RISING ON RESUMING CHINA IMPORTS - REUTERS
Australia’s Coronado Global Resources said on Tuesday resuming metallurgical coal imports to China would likely push sea-borne coal prices hi ...
Monday, 23 January 23
CHINA'S MAJOR COAL-PRODUCING PROVINCE ACCELERATES DIGITAL TRANSFORMATION - XINHUA
At Chindata Group’s big-data industrial park in Lingqiu County of Datong City, hundreds of thousands of servers are running round-the-clock t ...
Monday, 23 January 23
CHINA'S COAL-RICH PROVINCE SEES COAL PRODUCTION INCREASE IN 2022 - XINHUA
North China’s coal-rich province of Shanxi saw its coal production hit 1.31 billion tonnes in 2022, up 8.7 percent year on year, local author ...
Wednesday, 18 January 23
MARKET INSIGHT - INTERMODAL
From Feb 5, another price cap will be introduced to Russian fuels and oil products, adding to the one for crude oil, already in place from Dec. 3. ...
Tuesday, 17 January 23
FRAUD IS THE BIGGEST THREAT TO CARGO LOSSES - TT CLUB
The almost exclusive use of online facilities to process business transactions allows a myriad of fraudulent pursuits to find opportunities within ...
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- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- Bharathi Cement Corporation - India
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- White Energy Company Limited
- Karaikal Port Pvt Ltd - India
- Australian Coal Association
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- McConnell Dowell - Australia
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Posco Energy - South Korea
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Bhatia International Limited - India
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Videocon Industries ltd - India
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
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